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8 Oct 2020

The importance of ESG and responsible investment has never been more urgent for the private equity and venture capital industry. The COVID-19 pandemic has reinforced the need to place climate change, health and safety, and other important environmental, social and governmental issues at the heart of the recovery plan.

In that context, at the BVCA Summit today we recognised those members that have demonstrated an outstanding commitment to embedding ESG principles over the past year with our ‘Excellence in ESG’ initiative, produced in association with Ramboll.

Recognition goes to:


Excellence in ESG – 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.


Excellence in ESG – 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.


Excellence in ESG – 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 this year, 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.



For further information, please contact

Tom Allchorne, Director, Communications, BVCA
tallchorne@bvca.co.uk


Notes to Editors
  1. Excellence in ESG’, produced in association with Ramboll, replaces our long-running Responsible Investment Awards for this year. For details on the categories and the judging criteria, please click here.

  2. The British Private Equity & Venture Capital Association (BVCA) is the industry body for the UK private equity and venture capital industry. The BVCA has over 750 member firms, including more than 450 fund managers and institutional investors.

Further information

FOR FURTHER INFORMATION PLEASE CONTACT THE BVCA

 +44 (0)20 7492 0400

TOM ALLCHORNE, DIRECTOR
COMMUNICATIONS
BVCA

 tallchorne@bvca.co.uk