At the BVCA Summit on 8 October 2020, we recognised those members that had demonstrated an outstanding commitment to embedding ESG principles over the past year with our ‘Excellence in ESG’ initiative, produced in association with Ramboll.
Recognition went to:
GP category: Tikehau Capital
The judges said ESG was clearly a part of Tikehau’s DNA. Special praise went to their sustainability-themed investing, and their comprehensive reporting, which sets out what they are doing with the companies they invest in. They have clearly demonstrated that ESG is an important point through all their workstreams. Hugely impressive.
LP category: HarbourVest
The judges commended HarbourVest’s demonstration of how they are driving improvements with their GPs, using strong, evidence-based results. One particular highlight was the creation of scorecards, stretching back over 10 years, looking at fund managers’ overall ESG performance. They already have an excellent standard, but demonstrated they have invested and improved over the course of this year.
Portfolio company category: TTC Group, backed by Palatine
The judges applauded TTC’s commitment to utilising Palatine’s six sustainability pillars. They have adopted a holistic approach to ESG, and it is clear that Palatine has had, and is continuing to have, a very positive influence over the direction of the business.
Due to the strength of the nominations in 2020, we also made two special commendations:
Special commendation – GP category: Oxford Capital
The judges said Oxford Capital demonstrated very effectively how they are embracing ESG, and deserve special recognition for showing that it does not matter how big you are, any firm can make a difference.
Special commendation – LP category: Coller Capital
The judges were impressed by how Coller demonstrated their engagement with GPs and pushing them to become better. Coller have a long and strong history of ESG commitment, and their consistent high-level of performance should be commended.