Advent International

No leading practices were identified for the financial institution in the governance and strategy measurement area.

Advent International discloses nature- and biodiversity-related impacts as one of its engagement topics with companies to which it provides financial services.

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

There is no evidence that Advent International assigns responsibility for sustainability to its highest governing body or links the remuneration of its executive or management teams to sustainability performance criteria. Moreover, there is no evidence that the asset manager describes its engagement approach on sustainability themes and impact topics with investees. Advent International has an opportunity to commit to gender equality and women’s empowerment as well as disclose how it is addressing any gender pay gaps and the representation of women in senior leadership roles.

There is no evidence that Advent International discloses a target to reach net-zero financed emissions by 2050 or discloses its financing activities devoted to climate solutions. It also has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on alignment with the Paris Agreement. Regarding nature and biodiversity, Advent International recognises its impact on the environment in the investment lifecycle. However, no evidence was found that the asset manager is committed to minimising its negative impacts or financing regenerative solutions.

Advent International has a publicly available policy statement committing it to respect human rights. However, it has an opportunity to use stronger language to turn the statement into a formal commitment. The asset manager also has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. To provide transparency on financial inclusivity, Advent International has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.