Altamir - 2018 Registration document

Business description and activities

Business description

portfolio (staff, payroll, HRpolicies). Apax Partners LLPpublishes a dedicated “Sustainability report” which also describes its ESG policy and provides an overview of the data collected from the portfolio companies on the basis of environmental, social and governance criteria. Both companies participate actively in industry discussions and contribute to the development of these practices within the private equity profession. For example, Apax Partners SAS is a member of the steering Committee of the ESG commission of France Invest (formerly the AFIC). In 2015, Apax Partners united with four other private equity firms to launch Initiative Carbone 2020 aimed at combating the effects of climate change. This was the private equity profession’s first commitment tomeasure, manage and reduce the greenhouse gas emissions of its portfolio companies. They figure among themost advanced private equity companies in this field and the most widely recognised by the financial community. Apax Partners SAS received the very first prize awarded by Pantheon in 2012 (GP Responsible InvestingAward), and in 2017 obtained an A+ (the highest grade) for its “strategy and governance” and an A for its “private equity” business in line with the PRI assessment report. Apax Partners LLP, meanwhile, received the Responsible Investment Award in 2015 from the BritishPrivateEquity&VentureCapital Association (BVCA) for its structured approach and commitment to its portfolio companies.

Apax Partners SAS andApax Partners LLP integrate ESG criteria at every stage of the investment cycle: n before an acquisition , they conduct ESG due diligence to identify risks and potential value creation drivers; n throughout the investment period , they create a road map and implement ESG reporting for the investment portfolio in order to measure the progress achieved throughout the term of the investment; n upon exit , they conduct due diligence so as to assign a value to the company’s ESG performance. Since they are most often majority or lead shareholders across the funds they manage, the two companies have the ability to influence companies’ strategies, and can help them implement and deploy their ESG policies. In this way, Apax Partners SAS influences about 15 companies with a total headcount of around 60,000 employees, andApax Partners LLP about 30 companies, representing more than 150,000 employees. The two management companies communicate the information they collect and process to their investors through biannual reporting on the performance of the funds and the companies in the portfolios. A summary is communicated to a wider audience; it is available online at www.apax.fr and www.apax.com. Apax Partners SAS publishes a Responsibility section on its website, in which it presents its ESG policy, the actions and initiatives of its portfolio companies and a HR report on all companies in its

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ALTAMIR 2018

Registration document