Providence Equity Partners L.L.C.’s (“Providence”) policy on the integration of sustainability risks in its investment decision making process can be found at:
https://www.provequity.com/responsibility.
We believe it is important to integrate responsible investing considerations into our investment process. Engrained in this approach is not just about being good corporate citizens, it is also about being responsible stewards of the capital committed to us by our investors. Providence is a member of the American Investment Council (“AIC”), a trade group representing private equity firms. Working with the AIC, we have adopted a set of comprehensive guidelines that incorporate governance, safety, labor, health, environmental and social issues into our investment decision-making process and ownership activities. We believe following these guidelines affirm our long-standing commitment to and practice of these principles. We believe following these principles can positively influence our investment returns and are consistent with investing for growth.
Providence is required to publish information on whether it considers the “adverse impacts of investment decisions on sustainability factors” under the EU’s Sustainable Finance Disclosure Regime (“SFDR”). Providence does not currently consider the prescribed adverse impacts of investment decisions on sustainability factors in connection with its funds, as defined under and in accordance with the SFDR. This is because Providence considers that its existing responsible investing policies and procedures are appropriate, proportional and tailored to the investment strategies of Providence’s clients. Providence will keep its position on adverse impacts under review on an annual basis.
Date of publication: February 13, 2025