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3I Group Plc Sustainability Report 2021

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3I Group Plc Sustainability Report 2021 3i Group plc Sustainability report 2021 3i Group plc Sustainability report 2021 Introduction A responsible investor A responsible employer A good corporate citizen GRI and SASB 02 Contents About this report This report aims to provide the information that is material and relevant for our stakeholders to form a view on how 3i Group plc (‘3i’ or ‘the Group’) is Introduction 03 performing on environmental, social and governance (‘ESG’) and sustainability matters. There have been no A responsible investor 11 significant changes from previous reporting periods in the material topics we are reporting on. This report A responsible employer 30 relates to the financial year to 31 March 2021. A good corporate citizen 43 This report was submitted to an internal verification process. Our GHG emissions data was externally GRI and SASB 63 verified. We have chosen to report in accordance with the Contacts 71 Global Reporting Initiative (‘GRI’) and, for the first time this year, Sustainability Accounting Standards Board (‘SASB’) standards. A guide to using this report This interactive PDF is designed to help you easily navigate the report and find the Page 63 information you are looking for. For optimal experience, it is recommended that this GRI and SASB document is viewed in Adobe Acrobat Reader. Interactive functionality may not work Page 52 when viewed in a web browser or other PDF readers. Third-party verification Click on the dynamic links to access further relevant information within the report Please note that this document is electronic or online, and use the tabs at the top of the page to navigate between sections. only and is not printed. Guide to the navigation buttons: Guide to the dynamic link buttons: Where else can you find sustainability information? Return to contents Page XX Read more within this document This report should be read in conjunction with Page back our Annual report 2021 and with the Sustainability + www.3i.com policies and case studies on 3i’s website. For more information online Page forward + www.3i.com Return to previous page www.3i.com/sustainability For more information Search 3i Group plc Sustainability report 2021 Introduction A responsible investor A responsible employer A good corporate citizen GRI and SASB 03 Introduction Our purpose We generate attractive returns for our Our business at a glance 04 shareholders and co-investors by investing Message from the Chief Executive 05 in private equity and infrastructure assets. Responsibilities and accountabilities 08 As proprietary capital investors we have Our values 08 Governance framework 09 a long-term, responsible approach. External benchmarking 10 We create value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investee companies. 3i Group plc Sustainability report 2021 Introduction A responsible investor A responsible employer A good corporate citizen GRI and SASB 04 Our business at a glance Founded in 1945, 3i is an investment company specialising in Private Equity and Proprietary capital Assets under management Infrastructure, in core investment markets in northern Europe and North America. Private Equity Private Equity Our Private Equity and Infrastructure £8.8bn £11.6bn businesses manage a mix of proprietary Infrastructure Infrastructure and third-party funds. We generate a capital return from our proprietary capital £10.4bn £1.2bn £16.9bn £4.9bn investments, as well as fee income from the Scandlines Scandlines funds we manage on behalf of third parties. Scandlines is an investment held for its ability £0.4bn £0.4bn to deliver long-term capital returns while generating cash dividends. 3i listed on the London Stock Exchange in Our international reach 1994 and has no controlling shareholders. 7 21 234 Number of Offices Nationalities Employees Office employees London (head office) 152 Amsterdam 11 Frankfurt 19 Luxembourg 6 New York 22 Paris 19 Mumbai1 5 + www.3i.com/investor-relations Our business model is described Data as at 31 March 2021 in detail in our Annual report 1 We no longer make new investments in Asia, and our Mumbai office is responsible for managing our legacy portfolio in that region. At 31 March 2021, only five of our employees were located outside of Europe and North America and only c.0.2% of our AUM was invested outside of those regions. Our office in Singapore was closed during the year. 3i Group plc Sustainability report 2021 Introduction A responsible investor A responsible employer A good corporate citizen GRI and SASB 05 Message from the Chief Executive Maintaining a strong reputation requires Our sustainability strategy is defined by three key priorities We invest with the objective us to adopt a transparent approach to corporate reporting, including on our of generating attractive progress on driving the sustainability A responsible investor returns through the cycle agenda through our operations 1. We believe that a responsible approach to investment adds value for our shareholders and co- and portfolio. We are committed to communicating in a clear, open and to our portfolio. Our Responsible Investment policy is embedded investors. We aim to achieve comprehensive manner and to maintaining within our investment and portfolio management processes. this objective sustainably by an open dialogue with stakeholders. To It informs our investment decisions and our behaviours as a behaving responsibly as an that end, we presented our approach to responsible manager of our assets. We are rigorous in assessing investor, an employer and as an sustainability and responsible investment and managing ESG risks in our portfolio. Equally, we are keen in our capital markets seminar, which was international corporate citizen. to invest in opportunities that contribute to the development of webcast for the benefit of all stakeholders solutions to global sustainability challenges. We make a limited Simon Borrows, Chief Executive in September 2020. number of investments each year, allowing us to be very selective This report is important in ensuring in our approach to new investment. A responsible approach to managing our that transparency. It should be read in business and our portfolio has been key conjunction with our 2021 Annual report, to how we have operated since 3i was A responsible employer which also contains our Taskforce for founded in 1945. Our purpose at that Climate-Related Financial Disclosures 2. Our people are our main asset and recruiting, retaining and time was to contribute to rebuilding post- (‘TCFD’). developing our talent is one of our most important priorities. war Britain by providing growth capital We promote an open communication culture and provide an to small businesses. The responsibility We are committed to evolving our that came with that original purpose still disclosures continuously to improve inclusive and supportive working environment with opportunities guides the Group’s behaviour today. their relevance for all stakeholders. for training and career development. We value diversity and our employees are recruited, promoted and rewarded on the basis Over the years, we have built a strong of merit, ability and performance. We are an equal opportunities reputation and track record by investing employer and prohibit all forms of unfair discrimination. and managing our portfolio responsibly and by operating according to high standards of conduct and behaviour. We A good corporate citizen have achieved this through a relentless 3. We strive to embed responsible business practices throughout focus on strong governance, both at 3i our organisation. We do this by having robust policies and itself and in our investee companies. This has allowed us to earn the trust of our processes in place and by promoting the right culture among shareholders, co-investors and investee our staff. We expect our employees to act with integrity, to be companies, and to recruit and develop accountable for their behaviour, and to approach their roles with employees who share our values and ambition, rigour and energy. All employees are formally evaluated ambitions for the future. against our values as part of our appraisal process every year. + www.3i.com/investor-relations Page 11 Page 30 Page 43 Download our Annual report A responsible investor A responsible employer A good corporate citizen 3i Group plc Sustainability report 2021 Introduction A responsible investor A responsible employer A good corporate citizen GRI and SASB 06 Message from the Chief Executive continued Managing our business and Protect the wellbeing of our Maintaining staff engagement has gained Employees across the business also our portfolio through the employees and contractors new importance while working remotely, launched a ‘Business as unusual’ hub and senior managers and team leaders on the staff intranet to access these Covid-19 pandemic Our focus has been on keeping our have made a particular effort to keep staff resources and which also provides Throughout the Covid-19 pandemic we employees safe, motivated and able to informed through regular updates and details of virtual social events, internal have focused on protecting the wellbeing fulfil their roles effectively. Since the start virtual meetings. We have had to on-board competitions and other initiatives set of our own employees and contractors, as of the pandemic, 3i offices have been several new recruits in this new environment, up to facilitate staff engagement. closed in accordance with local guidance including the three new graduate trainees well as those of our portfolio companies. In addition to our direct employees, and regulations, our employees have who joined us in September 2020. We have worked closely with our portfolio been working mostly from home and we employ a number of contractors for companies to ensure that they remain able international travel has been cancelled with In recognition of the potential mental a range of services, including reception, to operate and contribute positively to very few exceptions. We have been able health consequences of working remotely cleaning and maintenance services.
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