When it comes to driving returns at portfolio companies through ESG initiatives, risk mitigation and value creation are not necessarily separate, says Permira’s head of environmental, social and governance Adinah Shackleton.
In 2010 global private equity house Permira developed an ESG framework to further formalise its approach to ESG and sustainability issues. The firm also formed an ESG group, headed up by Jörg Rockenhäuser (a member of the investment committee and executive committee and head of the Frankfurt office), with members from investor relations, compliance and risk and deal team functions.
Adinah Shackleton joined the firm in 2015 as its first full-time resource dedicated to ESG. First sitting within the investor relations team, Shackleton is now part of the Portfolio Group, which works with portfolio companies on value creation initiatives. She sat down with Private Equity International to discuss how the firm integrates ESG considerations into the investment process.