Sustainability
Having a long-term approach to sustainability-related issues and delivering a better outcome for our investors are important parts of the investment strategy for the Permira funds.
We believe that having a well-defined, responsible and proactive approach to considering sustainability risks and opportunities in the investment lifecycle can positively support the performance and value of portfolio companies for the Buyout and Growth funds and position them for the future long after exit.
Responsible Investing
Our Responsible Investing Framework guides investment teams to identify sub-sectors or activities which may be excluded from investment, misaligned with the firm’s sector or strategy focus, and/or that have heightened sustainability risk profiles or enhanced sustainability-related value creation opportunities. The Framework supports our latest Buyout and selected Credit funds.
The purpose of the Framework is to protect Permira and its funds from material sustainability related risks and support value creation initiatives in underlying portfolio companies, aligning with our fiduciary duties and seeking to deliver better outcomes for our investors.
Integrating sustainability considerations into the investment process
Understanding the key levers that drive business improvement, including sustainability matters, is an important part of the investment approach for the Buyout funds.
From the very start of the investment process, we are committed to actively engaging with portfolio company management teams as they seek to address material risks and value enhancement opportunities relating to sustainability.
In our view, having a responsible and forward-looking approach to sustainability can strengthen portfolio resilience and drive long-term value beyond the funds’ ownership.
Potential investments for certain funds are evaluated pre-investment on a case-by-case basis, taking into account sustainability risks*
Assessing sustainability risks and opportunities are an important part of our due diligence, including topics such as compliance, reputational risks and value enhancement opportunities
Material sustainability risks and opportunities are integrated into action plans and ongoing monitoring over the lifetime of each investment, as relevant
Generally, progress made on sustainability matters is closely monitored during our ownership, aiming to ensure investments are well-positioned for the future
Industry engagement
We want to contribute to the dialogue on sustainability across the wider private markets and not just be a participant. We strive to do this through our involvement in numerous industry initiatives.
Permira has been a signatory of the PRI since 2011 and, as such, discloses its approach to integrating sustainability factors into its investment processes to the PRI, as required (typically on an annual basis). The annual PRI Transparency report is publicly available.
The Sustainability Markets Initiative, which was founded by the then Prince of Wales, has a mission to facilitate action between world leaders and CEOs to position sustainability at the heart of global value creation. Permira is a member of the private equity taskforce of the SMI.
The BVCA is the industry and public policy advocate for the private equity and venture capital industry in the UK. Permira joined the BVCA Responsible Investment Advisory Group in 2016. The BVCA recognised Permira with its Excellence in ESG award in 2022.1
1 Awards described on this page have been maintained by the relevant listed third-party organisations based on their own methodologies and criteria.
EDCI aims to drive convergence around meaningful sustainability-related metrics for private markets, generating comparable performance-based data. Permira was a founding member and served on the steering committee from 2021 until the end of 2024. Permira collects EDCI metrics from the Buyout and Credit funds, as appropriate.
A global community of private market investors seeking leadership in improving the industry’s understanding and management of the risks and opportunities associated with climate change. Permira is a founding signatory of the iCI's UK network.
ILPA is an industry association with around 600 member institutions representing more than 3 trillion USD of private equity assets under management. In 2021, Permira became a member of the ILPA Diversity in Action initiative designed to promote better diversity and inclusion within the private equity industry and regularly completes the ILPA Diversity Metrics Template.
Invest Europe is the world’s largest association of private capital providers. Invest Europe represents Europe’s private equity, venture capital and infrastructure investment firms, as well as their investors, including some of Europe’s largest pension funds and insurers. Permira has been a member of the Invest Europe ESG Steering Committee since 2023.
The European Leveraged Finance Association is a trade association representing European leverage finance investors. Its goal is to support a more transparent, efficient and resilient leveraged finance market in Europe. Permira Credit became a member in 2020 and joined the ‘ELFA ESG Committee’ in 2023.
Portfolio company sustainability reports
As part of our ongoing commitment to provide greater visibility to investors on sustainability and related issues, we encourage sustainability reporting across the Buyout and Credit funds' portfolio. Additional reporting is also provided to investors in private reports.
Flix ESG Report 2024
Sustainability Team
A statement made by relevant Permira Entities in accordance with Articles 3, 4 and 5 of the EU Sustainable Finance Disclosure Regulation is available here.
Click here to view Permira’s sustainability policy, which applies to the Permira group, including the Private Equity business and Private Credit business.
Click here to view Permira's Climate-related Financial Disclosure 2023 which seeks to align with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).