ESG and Responsible Investment
Investing in a responsible manner
Maven believes in investing in a responsible manner, including backing businesses that are making a real impact on addressing the environmental, social and governance issues facing not only today's society, but future generations.
We support the enhancement of ESG credentials as a necessary step to create change to help drive responsible and sustainable growth in our portfolio companies.
We believe that an active approach to ESG is a real driver of value creation whilst helping the long-term growth and sustainability of the businesses in which we invest.
Interconnectivity between profit and purpose
Maven firmly believes that there is an interconnectivity between profit and purpose, and that strong ESG credentials can give companies a competitive edge and help them stand out from their competitors.
Maven is well positioned to influence the establishment of robust ESG practices early within a company’s life cycle, so that they are ingrained in the culture as they grow. We recognise the increased expectations placed on asset managers to conduct responsible investment and this is a key consideration when investing.
ESG Highlights
Based on our annual commuting survey, 75% of Maven's staff commute sustainably
100% of Maven's Headquarter's electricity comes from a renewable source
£36,000 raised for Maven’s nominated charity, The Honeypot Children's Charity
Four Partners sit on the ESG steering group
43% of Maven’s Governance and Oversight Committee are female
ESG is a standing agenda item at Maven’s quarterly Governance and Oversight Committee meetings
Maven's ESG and Responsible Investment Policy
This policy outlines the overall approach and objectives of Maven’s ESG and responsible investment process, with specific guidance on our responsible investment commitments, ESG factors, conflicts of interest, and our approach to engagement with investors, portfolio companies and other stakeholders.
Important information
Maven initiatives
Six Principles for Responsible Investment
Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes
Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices
Maven aim to work collaboratively with investee companies to ensure that we understand their needs and help them to achieve their potential. A Maven Investment Director will often take a seat on the Board of portfolio companies, allowing Maven to directly engage with companies on ESG issues.
Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest
All new portfolio companies are reporting to Maven on ESG issues, as part of pre-investment stage due diligence, and on an annual basis. Maven will support companies to resolve any issues and will support companies in any ESG initiatives or opportunities that arise throughout the period of investment. The metrics which are gathered from the Maven ESG Questionnaire are generally aligned to industry standard.
Principle 4: We will promote acceptance and implementation of the principles within the investment industry
Maven is proud to be a signatory to the UNPRI and are committed to including environmental, social and governance factors in investment decision making and ownership as part of this initiative. Maven takes a long-term approach when making investment decisions to ensure that companies within the portfolio are able to grow sustainably throughout the period of investment.
Principle 5: We will work together to enhance our effectiveness in implementing the principles
Maven actively networks with peers in the industry in relation to ESG and works to remain up to date with key emerging issues. Maven investments are often made collaboratively with other private equity houses, in which case, Maven work to ensure that the data gathered from companies is consistent and aligned with industry standard.
Principle 6: We will each report on our activities and progress towards implementing the principles
Maven actively promotes our UNPRI signatory status, and from 2024 onwards will have publicly available transparency reports. Maven discloses how ESG issues are integrated within investment practices both directly to investors and clients, but also publicly via the Maven website.
Sustainable businesses we've supported
Definitions
Carbon Footprint
The sum of a company’s total greenhouse gas emissions and a measurement used to relate to areas of your business that produce carbon emissions that are unable to be reduced another way.
Circular Economy
An economic system that focuses on re-using, recycling, and using materials for as long as possible. Once a product has been used, it will be reused elsewhere in the economy, reducing waste and pollution.
Green Washing
Making false, misleading, or unsubstantiated claims about the positive environmental impact of a product, service, or activity and/or present your company as environmentally responsible.
Net Zero
Involves a company balancing the amount of greenhouse gas emissions produced and the amount removed from the atmosphere. This requires a huge reduction in emissions from businesses and/or neutralised through carbon offsetting.
Physical Climate Risk
Risks stemming from events driven by climate change such as increased severity of extreme weather events, e.g., floods and wildfires. They can also relate to longer term shifts in weather patterns e.g. a rise in precipitation and temperature.
Responsible Investing
Refers to responsible practices and activities within a business that incorporates ESG credentials with the aim of minimising risks associated with environmental impacts.
Transitional Climate Risk
Risks associated with the transition to a decarbonising global economy e.g., changes to policy, legal actions and technology, and additional reputational considerations.