Investment experience in recent years has reinforced our view that there is a compelling opportunity to embed environmental, social and governance (ESG) considerations into the private equity value creation approach. In order to harness these opportunities, there needs to be an alignment of purpose, strategy and actions at the investment team and portfolio company levels - what we describe as aligning “the heart, the head and the feet”.
The ‘heart’ is about aligning a company’s ‘noble purpose’ and culture with value creation to accelerate impact. The ‘head’ is about incorporating ESG into investment strategy, the ownership of which must sit with both the investment team and portfolio company boards. This top-down drive will help support action. Positive intent alone does not yield results. The ‘feet’ are about tangible actions, continuous improvement and progress of value creation plans that incorporate ESG objectives. To help get the feet moving, it’s important to define and measure an ESG baseline across a suite of material ESG metrics, which supports the setting of data-driven, ambitious targets, as well as a ‘closed loop’ continuous improvement approach.
ESG considerations can add a new dimension to value creation in private equity. Financial results and ESG results can be generated together, and we believe that investment returns are likely to be lower if improved ESG performance outcomes are not delivered.
We think that this opens up an exciting new horizon for private equity investors to demonstrate how to integrate ESG considerations into value creation.
Joined in 2019
David is responsible for sourcing, structuring and negotiating new private equity investments, managing existing investments, as well as fundraising. David has more than 20 years of experience in private equity, consulting and business leadership roles. He joined IFM Investors from Bain Capital, where he was an Operating Partner with responsibility for investments in MYOB, Retail Zoo and Camp Australia. Prior to joining Bain Capital, David held senior management roles at eBay (Sales and Marketing Director) and The Nuance Group (COO). Earlier in his career, David spent 10 years as a management consultant, chiefly with Bain & Company, working in Europe, the United States and Australia on a range of industries and strategic issues for private equity and corporate clients.
Bora is responsible for sourcing, structuring and executing new private equity investment opportunities as well as managing existing investments. Bora has extensive management consulting and investment experience, across Australia, New Zealand, UK, Europe and Asia. Bora joined from Arowana International, where she was responsible for new investments and also for accelerating value creation through CFO/COO secondments to portfolio companies. Bora also previously worked for over a decade as a Director in Deloitte’s Restructuring & Advisory team in Sydney and London, successfully developing and implementing turnaround strategies for clients across a range of industries facing disruption and growth inflection points.
On 10 March 2021, the European Union’s Sustainable Finance Disclosure Regulations (SFDR) became effective.
The goal of this regulation is to create harmonised rules for financial market participants and financial advisers regarding the integration of sustainability risks in investment decision-making, and the consideration of adverse impacts
in investment decisions on sustainability factors.
At IFM, in seeking to act in the best interests of our investors, we pursue financial returns that aim to both protect and grow the long term value of their investments, and contribute to the social, economic and environmental wellbeing
of the communities in which they live. As a result of this investment ethos, and in accordance with EU’s SFDR, IFM is sharing the relevant environmental and social considerations with our European investors in relation to relevant
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