ESG

NorthEdge has embraced Environmental Social Governance (ESG) policies, which are an important part of our investment process and monitored throughout our ownership period. Our procedures have evolved with input from our stakeholders, industry best practice and organisations such as the Principles for Responsible Investment (PRI).

NorthEdge became a signatory to the United Nations backed Principles for Responsible Investment in 2012.  We have since received their highest ranking in the Strategy & Governance assessment (“A+”) and a top quartile ranking in their Direct Private Equity assessment (“A”).  In 2016, we further became a signatory to “Fiduciary Duty in the 21st Century”, as published by the Principles for Responsible Investment (PRI), United Nations Environment Programme (UNEP) Finance Initiative and United Nations Global Compact.

In October 2016, we were announced a British Venture Capital Association (BVCA) 2016 Responsible Investment Award winner for the category “ESG Engagement with Portfolio Companies”. The BVCA assessed our performance as follows: “NorthEdge have continued to demonstrate a strong commitment to the improvement and evolution of their engagement on responsible investment. The judges specifically commented on the use of an in-house and bespoke ESG monitoring tool across their portfolio”. KKR were awarded the equivalent award in the >£1bn AUM category.  In October 2018, our invest company Future Industrial Services won Responsible Portfolio Company of the year at the same BVCA award ceremony.

George Potts, an Investment Manager in our Manchester office, is a committee member of the BVCA’s Responsible Investment Advisory Group (RIAG). The Group comprises investors, intermediaries and sustainability/responsible investment practitioners recognised for their excellence, experience, insight and ability to provide strategic guidance to the BVCA.

Our Responsible Investment policy is available here: NorthEdge RI Policy 17-18

Our full 2017 United Nations Principles for Responsible Investment Report is available here: 2018 UNPRI Report