CVC Capital Partners

The responsibility for sustainability issues within CVC lies with the board-level environmental, social and governance (ESG) committee. In terms of its approach towards impact management, the asset manager acknowledges that its financing activities have both positive and negative impacts. It also identified and prioritised its impacts through a materiality assessment process which included feedback from external stakeholders through an impact analysis. CVC has an engagement policy where it describes its approach on sustainability themes and impact topics with investees. It also publishes case studies describing where it has engaged successfully with investees on sustainability themes and impact topics. Moreover, the asset manager discloses a list of trade associations of which it is a member including sustainability- and non-sustainability-related organisations.

CVC Capital Partners discloses that alignment with the Paris Agreement is one of its engagement topics.

No leading practices were identified for the financial institution in the adhering to societal conventions measurement area.

In terms of its approach to senior leadership accountability, CVC could link the remuneration of its executive or management teams to sustainability performance criteria. In terms of gender equality, the asset manager has an opportunity to reach at least 40% female representation in senior leadership positions and on the highest governing body. It could also disclose how it addresses any gender pay gaps. Although CVC has an engagement policy that includes a framework with success criteria, there is no evidence that this policy includes escalation points.

There is no evidence that CVC discloses a target to reach net-zero financed emissions by 2050. The asset manager also has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. There is no evidence that the asset manager discloses its financing activities devoted to climate solutions. No evidence was found regarding CVC approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects. Regarding nature and biodiversity, the asset manager could commit to minimising its negative impacts or financing regenerative solutions.

There is no evidence that CVC Capital Partners has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles (UNGPs) and the ILO declaration on fundamental rights at work. It has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investment activities. The asset manager could also disclose the proportion of its total direct operations workforce for each employee category by age group, gender, race or ethnicity, or another indicator of diversity. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of investment directed towards low-income developing countries.