Corporate social responsibility

The long-term business success of the SVG Capital Group requires effective management of both financial and non-financial performance. Our business relies in particular on strong relationships with our employees, our investors and the general partners of the funds in which we invest. Overall responsibility for the implementation of the Corporate Social Responsibility (CSR) policy rests with the Board.

Employees, social, community and human rights issues

The Group employs 20 people based in London broken down by gender as follows:

  Number Male Female
Group Employees 20 12 8
SVG Capital plc Directors 6 4 2
Senior Managers1 8 6 2

1 Excludes Lynn Fordham (who is included as a Director of SVG Capital plc)
 

As a financial services firm, the environmental and social impact of our activities is low. However, we are looking at ways to reduce our environmental impact and to support local communities. We recognise the mutual benefits that can arise from doing this in a consistent way.

Our objective is to recruit, train and retain high calibre employees, and to foster a work environment that helps them fulfil their potential. To do this we aim to:

  • provide a supportive work environment and corporate culture.
  • provide appropriate training and development.
  • address, where possible, employees’ interests regarding environmental, social and governance issues.

Greenhouse gas emissions

For the period to 30 September 2015, the Group had no employees. During the year, the Company entered into a lease of office premises to accommodate its 20 employees that joined the Group on 1 October 2015. It is impractical for the Group to report on greenhouse emissions for the part-year.

Our investors and investments

Although we are a major investor in private equity funds, regulations and commercial realities limit the degree to which we can have an active influence on those funds. We aim to develop open, long-term relationships with the private equity managers with whom we invest. We engage with general partners to identify where non-financial issues may have an impact on our reputation and on that of our shareholders. We also engage with relevant industry associations and participate in other initiatives to help raise awareness and understanding of these issues, both within and outside the sector.

Shareholders

Our objective is to ensure that our operations address shareholders’ policies relating to environmental, social and governance issues. To do this we aim to:

  • maintain a high standard of corporate governance.
  • respond to shareholders’ environmental, social and governance concerns as they relate to our own operations.
  • give full consideration to shareholders’ concerns as they relate to our investment activities.

Funds in which we invest

Our objective is to develop strong relationships, balancing the legitimate needs of the general partners of the funds in which we invest with our interests and the expectations of our shareholders. We aim to do this by:

  • ensuring the highest levels of integrity in our relationships with general partners, including appropriate transparency on fees and governance matters.
  • developing strong and open working relationships with general partners, so that we can maintain trust without unnecessary restrictions and unrealistic requests.
  • undertaking early and constructive engagement on environmental, social and governance issues of legitimate concern to our shareholders. Prior to investment, we evaluate how the general partners assess such issues as part of their due diligence on underlying companies and how they report on such issues.

 

The Group promotes charitable giving by direct donations to charities, in addition to supporting staff with time off for volunteering and a matched charitable giving programme. During the year, the Company agreed to continue to support the School for Social Entrepreneurs and the Outward Bound Trust which both focus on education and creation of opportunity. A total of £105,000 was committed to our chosen charities in the 12 month period.

School for Social Entrepreneurs

The School for Social Entrepreneurs (SSE) exists to provide training and opportunities to enable people to use their creative and entrepreneurial abilities more fully for social benefit. SSE also wants to recruit more innovative and capable people into voluntary and other organisations. SSE runs practical learning programmes aimed at helping develop the individual entrepreneur and their organisation simultaneously. SSE’s approach, and belief, is that social change is people-powered, and that the most valuable assets and resources we have are human ones.

For more information: www.sse.org.uk

Outward Bound Trust

The Outward Bound Trust is an educational charity that uses the outdoors to help develop young people from all walks of life. It runs adventurous and challenging outdoor learning programmes that equip young people with valuable skills for education, work and life and help them become more confident, more effective and more capable at school, college and in the workplace.

For more information: www.outwardbound.org.uk

Engagement with the sector

Our objective is to engage in debates on the role and impact of private equity.
We aim to do this by:

  • working with relevant sector associations.
  • participation in other relevant initiatives.
  • engaging in discussions