2022 Communication on Progress

IK Investment Partners Ltd

Published date

July 11, 2022

No. of questions

55

CEO Statement

Signed

  • Governance

    Policies and Responsibilities

    1. Does the Board / highest governance body or most senior executive of the company:

    Optional comment
    The CEO's annual statement about the relevance of sustainable development to IK has been part of the Communication on Progress report and from this year it is part of IK's Responsible Investment report. The RI report supervised and reviewed in detail by our CEO together with the Partner Group before finalising. Our most recent 2020 CoP is publicly available on our website: https://www.ikpartners.com/responsibility/. The 2021 RI report is in progress in will be available soon in 2022. Our sustainability targets and commitments as well as regular review of sustainability risks are part of the IK’s Responsible Investment Policy and ESG Policy that are owned and overseen by the CEO together with the Partner Group.

    2. Does the company have a publicly stated commitment regarding the following sustainability topics?

    No, this is not a current priority

    No, but we plan to have a commitment within 2 years

    Yes, and the commitment is focused on our own operations

    Yes, and the commitment includes our own operations and the value chain

    Yes, and the commitment includes our own operations and the value chain along with communities and society

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    As a signatory to the UN Global Compact, we are committed to the ten principles covering human rights, labour rights, environment and anti-corruption. We publicly communicate our commitment in the IK RI Policy. IK’s Chief Executive Officer, with the support of the Partner Group, owns the RI Policy and is responsible for overseeing its implementation. The RI Policy is publicly available on our website: https://www.ikpartners.com/responsibility/

    3. Does the company have in place a code of conduct regarding each of the following sustainability topics?

    No, this is not a current priority

    No, but we plan to have a code of conduct within two years

    Yes, focused on employee conduct

    Yes, focused on employees and suppliers

    Yes, focused on employees, suppliers, and other business relationships

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    IK’s Code of Conduct serves as a high-level guidance regarding our core policies and principles and explicitly covers anti-bribery and corruption as well as diversity & inclusion topics. IK’s Code of Conduct is not intended to be a stand-alone policy and doesn’t represent the totality of the ethical standards of IK Partners and its funds. The Code of Conduct applies and should be read in conjunction with our other relevant policies, including our Anti-Bribery and Corruption Policy, Anti-Money Laundering Policy and Conflict Resolution Polices as well as our HR Policies such as IK Staff Handbook and Diversity & Inclusion Policy and Responsible Investing Policy. IK Code of Conduct is publicly available on our website here: https://ikpartners.com/careers/

    4. Has the company appointed an individual or group responsible for each of the following sustainability topics?

    No one is specifically responsible for this topic

    Yes, with limited influence on outcomes (e.g., limited access to internal information, limited decision-making authority)

    Yes, with moderate influence on outcomes (e.g., has access to relevant information, reports to senior manager)

    Yes, with direct influence of some outcomes (e.g., has access to relevant information, includes one or more senior manager with decision making rights

    Yes, with direct influence at the highest levels of the organization (e.g., has access to relevant information, includes most senior members of organization)

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    At the company level, we have dedicated Compliance, HR, and ESG teams at IK that are responsible for supporting senior leadership on the sustainability topics in scope. When it comes to our investment process, these topics are covered in IK’s Responsible Investment Policy. IK’s CEO, with the support of the Partner Group, owns the RI Policy and is responsible for overseeing its implementation. It is then the responsibility of IK Professionals to ensure that decisions are taken after careful examination of ESG factors and that IK’s RI principles are kept during the entire investment cycle.

    5. Does the company have a formal structure(s) (such as a cross-functional committee) to address each of the following sustainability topics?

    No formal structure

    Yes, and with limited influence on outcomes (e.g., limited access to internal information necessary to understand risks, poor representation from relevant departments or functions)

    Yes, with moderate influence on outcomes (e.g., it includes representatives of some functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, reports to senior manager)

    Yes, with direct influence on some outcomes (e.g., it includes representatives of functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, it involves one or more members of senior management)

    Yes, and with direct influence at the highest level of the organization (e.g., full access to relevant information, it involves members at highest level of organization)

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    The sustainability topics are addressed in the HR Committee together with the Finance and Administration Steering Committee (F&A SC) that the compliance and ESG teams report to. When it comes to the investment process and our portfolio companies, the sustainability topics are addressed in the F&A SC. IK’s CEO with the support of the Partner Group is responsible for the RI and ESG Policies and overseeing their implementation which covers the above sustainability topics. The IK ESG team provides ongoing support to our staff in the implementation of the policies and provides updates to the policies and their implementation to the IK F&A SC.

    Prevention

    6. Does the company have a process or processes to assess risk?

    No, this is not a current priority

    No, but we are planning to develop one in the next two years

    Yes, related to our own operations

    Yes, related to our own operations and entire value chain and other business relationships

    Human rights risks

    Labour rights risks

    Environmental risks

    Corruption risks

    Optional comment
    Internally at IK, we have dedicated HR, Compliance, and ESG teams that take into consideration sustainability risks and report them to senior leadership. In addition, at the IK Investment Partners Ltd level, we review our first-tier suppliers to understand their exposure to modern slavery and human trafficking in its operations and supply chain in order to comply with the Modern Slavery Act 2015. IK portfolio companies do not fall under our supply chain for the purpose of the MSA Statement. When it comes to the investment process, we integrate ESG analysis throughout every step of the investment process and identify material sustainability risks and opportunities for our investments. As per our RI Policy, human rights, labour rights, several environmental topics and corruption are included among ESG factors we consider in the investment process. In addition, corruption risks are considered in the quarterly risk assessment by the IK Investment Partners AIFM board in Luxembourg.

    7. Does the company have a due diligence process through which it identifies, prevents, mitigates, and accounts for actual and potential negative impacts on sustainability topics?

    No, this is not a current priority

    No, but we are planning to develop one in the next two years

    Yes, related to our own operations

    Yes, related to our own operations and entire value chain and other business relationships

    Human rights risks

    Labour rights risks

    Environmental risks

    Corruption risks

    Optional comment
    We have a due diligence process in place to identify and mitigate environmental impacts related to our own operations and value chain. Since 2016, we have been measuring and monitoring our carbon footprint covering scopes 1, 2, and 3 (Categories 1-14) emissions on annual basis. In 2021, we initiated a carbon footprint project for our portfolio companies, and together with external partner CO2logic, we measured their Scope 1 & Scope 2 emissions from operations in 2021. In addition during the reporting period, we purchased carbon credits from innovative project developers to contribute to ocean and soil carbon sequestration. In 2022, we set SBTs and got them approved by SBTi under which we commit to reducing our internal Scope 1 & Scope 2 emissions by 54% by 2030 from the 2019 baseline and achieve 100% portfolio coverage of eligible investments by invested capital having approved SBTs by 2040. We have a due diligence process in place for the corruption risk for our own operations. We have the ABC Policy and Corruption Policy, Anti-Money Laundering Policy, and Conflict Resolution Policies in place and annual training for our employees to ensure we conduct our business in accordance with industry regulations. Disclaimer: Any greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives outlined in this report have not been established for any particular fund or investment strategy, are not binding on investment decisions or the management or stewardship of investments for the purposes of Regulation (EU) 2019/2088 and do not constitute a guarantee, promise or commitment regarding any actual or potential ESG impacts or outcomes associated with investments made by funds managed and/or advised by IK Partners, unless otherwise specified in the relevant fund documentation. IK Partners has established, and may in the future establish, ESG or impact goals, targets, commitments, incentives or initiatives, including but not limited to, those targeting greenhouse gas emissions reductions, diversity, equity and inclusion or alignment with the UN Sustainable Development Goals. Any measures implemented in respect of greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives may not be implemented in respect of or may not be immediately applicable to the investments of every fund managed and/or advised by IK Partners and any implementation may be overridden or ignored at the sole discretion of IK Partners.

    7.1. During the due diligence process, which business relationships are reviewed?

    A few suppliers or business relationships [approximately less than 25 %]

    Several suppliers / business relationships (i.e., first tier or other high priority) [approx. 25 - 50 %]

    Most suppliers / relevant business relationships [approx. 51 - 99 %]

    All suppliers / relevant business relationships outside the supply chain

    Human rights risks

    Labour rights risks

    Environmental risks

    Corruption risks

    Concerns and grievance mechanisms

    8. Are there any processes through which members of the company’s workforce can raise concerns about the company’s conduct related to human rights, labour rights, environment, or anti-corruption?

    Optional comment
    Yes, as per IK's Code of Conduct, we have a whistleblowing facility.

    8.1. Please provide additional detail regarding the process(es) the company has through which members of the company’s workforce can raise concerns about the company’s conduct.

    No

    Yes

    Is the process communicated to all employees/workers in local languages?

    Is the process available to non-employees (e.g., contractors, vendors, suppliers)?

    Is the process confidential (e.g., whistleblowing process)?

    Are there processes in place to avoid retaliation?

    Can concerns be raised about suppliers or other business relationships (e.g., clients, partners, etc.)

    Other (Please provide additional information)

    9. Does the company provide or enable access to effective remedy to right holders / stakeholders where it has caused or contributed to the adverse impact?

    No process to enable remedy to stakeholders

    Remedy available to some stakeholders (i.e., some geographies, employees only)

    Remedy is available to all affected stakeholders

    Remedy is available to all stakeholders, and suppliers are expected to have similar policies

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    We have procedures in place at IK to act accordingly in case of causing or contributing to the adverse impact.

    Lessons

    10. How does the company capture lessons regarding each of the following sustainability topics?

    No lessons are regularly captured

    Conducts root cause analyses/investigation of major incidents

    Conducts root cause analyses/investigation and changes organizational policies, processes, and practices accordingly

    Systematically conducts root cause analyses/investigation and leverages learnings to influence both internal and external affairs

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Executive Pay

    11. Is executive pay linked to performance on one or more of the following sustainability topics?

    No, and we have no intention to change

    No, but we plan to within two years

    Yes

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Optional comment
    As per our Remuneration Policy, ESG risk management, as well as the implementation of ESG efforts in promoting and monitoring sustainability in the investment process, are considered as part of the annual performance review and remuneration considerations.

    Board Composition

    12. Percentage of individuals within the company’s Board / highest governance body by:

    Number/Percentage

    Not applicable (Please provide additional information)

    Total number of board members (#)

    4

    Male (%)

    75

    Female (%)

    25

    Non-binary (%)

    0

    Under 30 years old (%)

    0

    30-50 years old (%)

    25

    Above 50 years old (%)

    75

    From minority or vulnerable groups (%)

    0

    Executive (%)

    100

    Independent (%)

    0
    Optional comment
    IK Investment Partners Ltd board composition as of July 2022.

    13. Do you produce sustainability reporting according to:

    Optional comment
    At IK we have been producing and publicly disclosing our Communication of Progress report annually. From 2022, as part of the Early Adopter Programme, we are reporting on our CoP under the new questionnaire framework and working on our first Responsible Investment report that follows a similar standard and UN PRI guidelines. The RI report will be publicly available in 2022. Since 2022, IK formally support TCFD and we are also preparing for the reporting in accordance with the TCFD requirements.

    Data Assurance

    14. Is the information disclosed in this questionnaire assured by a third-party?

  • Human Rights

    Materiality / Saliency

    1. Which of the following has the company identified as material human rights issues connected with its operations and/or value chain, whether based on their salience (i.e., the most severe potential negative impacts on people) or another basis?

    Response

    8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the human rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

    During the reporting period, we continued to implement our RI Policy. As per our Referral List stated in the RI Policy, IK will not invest in companies that demonstrate a systematic denial of basic human rights and participate in forced and child labour. IK Partners has a zero tolerance approach to modern slavery and is committed to acting ethically, transparently, and with integrity in business dealings and relationships.

  • Labour

    Commitment

    1. Does the company have a policy commitment in relation to the following labour rights principles?

    No, and we have no plans to develop a policy

    No, but we plan to in the next two years

    Yes, included within a broader policy

    Yes, articulated as a stand-alone policy

    Not applicable (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    As part of IK RI Policy, 2012; Code of Conduct, 2021; IK Staff Handbook, 2021

    Child labour

    As part of IK RI Policy, 2012; Code of Conduct, 2021; IK Staff Handbook, 2021

    Non-discrimination in respect of employment and occupation

    IK Diversity & Inclusion Policy, 2021

    Occupational safety and health

    As part of IK Staff Handbook, 2021

    Working conditions (wages, working hours)

    As part of IK Staff Handbook, 2021
    Optional comment
    IK RI Policy is publicly available here: https://ikpartners.com/responsibility/ IK Code of Conduct and Diversity & Inclusion Policy are publicly available here: https://ikpartners.com/careers/ IK Staff Handbook is not public.

    1.1. For each labour rights policy, is it:

    Aligned with international labour standards?

    Publicly available?

    Approved at most senior level of the company?

    Applied to the company’s own operations?

    Applied to the company’s supply chain and/or other business relationships?

    Developed involving labour rights expertise from inside and outside the company?

    Other (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    Prevention

    2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following labour rights issues?

    No engagement on this topic

    To better understand the risks/ impacts in question

    To discuss potential ways to prevent or mitigate the risks/ impacts in question

    To agree on a way to prevent/ mitigate the risks/ impacts in question

    To assess progress in preventing/ mitigating the risks /impacts in question

    To collaborate in the prevention/ mitigation of the risks/ impacts in question

    Other (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this labour rights issue?

    Provided internal training/ capacity building for the direct workforce

    Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)

    Conducting an audit process and/or corrective action plan

    Collective Action with peers or other stakeholders, in particular workers' organizations, to address the issue

    Collaboration with governmental or regulatory bodies

    Other (Please provide additional information)

    No action within reporting period

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    4. Who receives training for the following labour rights issues?

    No training provided

    Select employees

    All employees

    Contractors

    Direct suppliers of the organization

    Indirect suppliers of the organization

    Other – such as partners, clients, etc.

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    5. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following labour rights issues?

    No monitoring of progress

    Review issues on ad-hoc basis

    Set annual targets/ goals, track progress over time (internal programs only)

    Set annual targets/ goals, track progress over time (internal and external programs)

    Other (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    Performance

    6. What is the percentage of employees covered under collective bargaining agreements?

    Percent of employees (%)

    Unknown

    Employees covered under collective bargaining (%)

    7. What is the percentage of employees in a trade union or other workers' organization?

    Percent of employees (%)

    Unknown

    Not applicable (Please provide additional information)

    Employees in a trade union or on a worker committee (%)

    Due to the nature of business operations.

    8. In the course of the reporting period, what was the percentage of women in:

    Percent of women (%)

    Unknown

    Senior leadership level position

    0

    Non-executive board

    0
    Optional comment
    Assuming that senior leadership level position corresponds to IK Managing Partners, and non-executive members are considered to be from the IK Investment Partners Ltd board.

    9. What was the average ratio of the basic salary and remuneration of women to men (comparing jobs of equal value) during the reporting period?

    Salary ratio (%)

    Unknown

    Choose to not disclose

    Women / Men (%)

    10. In the course of the reporting period, how frequently were workers injured (injuries per hour worked)?

    Frequency of injury

    Unknown

    Choose to not disclose

    Frequency of injury

    0

    11. In the course of the reporting period, what was the company’s incident rate?

    Incident rate

    Unknown

    Choose to not disclose

    Incident rate

    0

    Response and Reporting

    12. In the course of the reporting period, has the company been involved in providing or enabling remedy where it has caused or contributed to the adverse impact associated with the following labour rights issues?

    Yes

    No

    Choose to not disclose

    Not applicable (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    13. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the labour rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

    In the reporting period, we have developed and integrated an independent Diversity & Inclusion policy ensuring the best practices in terms of labour and employment, safety and welfare, and equal opportunities are applied to all our employees. In 2021, we have joined new initiatives that include ILPA Diversity in Action, OUT Investors LGBT+ Network, and 10,000 Black Interns to help contribute to positive change in the private equity industry.

  • Environment

    Commitment

    1. Does the company have a formal policy on the following environmental topics?

    No, and we have no plans to develop a policy

    No, but we plan to in the next two years

    Yes, included within a broader policy

    Yes, articulated as a stand-alone policy

    Not applicable (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    Prevention

    2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following environmental issues?

    No engagement on this topic

    To better understand the risks/ impacts in question

    To discuss potential ways to prevent or mitigate the risks/ impacts in question

    To agree on a way to prevent/ mitigate the risks/ impacts in question

    To assess progress in preventing/ mitigating the risks/ impacts in question

    To collaborate in the prevention/ mitigation of the risks/ impacts in question

    Other (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    Optional comment
    Stakeholders in scope are considered to be our LPs with which we engage on the above sustainability topics on a continuous basis.

    3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with these environmental topics?

    Provided internal training/ capacity building for the direct workforce

    Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)

    Conducting an audit process and/or corrective action plan

    Collective Action with peers or other stakeholders to address the issue

    Collaboration with governmental or regulatory bodies

    Other (Please provide additional information)

    No action within reporting period

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    4. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following environmental topics?

    No monitoring of progress

    Review issues on ad-hoc basis

    Set annual targets/ goals, track progress over time (internal programs only)

    Set annual targets/ goals, track progress over time (internal and external programs)

    Other (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    4.1. For each environmental topic in which the company sets timebound goals / targets, what kind of targets has the company set?

    Description of targets (e.g., what is the target, absolute vs. intensity, externally verified, on track, etc.)

    Climate Action

    In 2022, we set SBTs and got them verified by SBTi under which we commit to reducing our internal Scope 1 & Scope 2 emissions by 54% by 2030 from the 2019 baseline and achieve 100% portfolio coverage of eligible investments by invested capital to have approved SBTs by 2040. Disclaimer: Any greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives outlined in this report have not been established for any particular fund or investment strategy, are not binding on investment decisions or the management or stewardship of investments for the purposes of Regulation (EU) 2019/2088 and do not constitute a guarantee, promise or commitment regarding any actual or potential ESG impacts or outcomes associated with investments made by funds managed and/or advised by IK Partners, unless otherwise specified in the relevant fund documentation. IK Partners has established, and may in the future establish, ESG or impact goals, targets, commitments, incentives or initiatives, including but not limited to, those targeting greenhouse gas emissions reductions, diversity, equity and inclusion or alignment with the UN Sustainable Development Goals. Any measures implemented in respect of greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives may not be implemented in respect of or may not be immediately applicable to the investments of every fund managed and/or advised by IK Partners and any implementation may be overridden or ignored at the sole discretion of IK Partners.

    Energy & Resource Use

    Managing energy consumption is part of the SBTs we have committed to. On the company level, we commit to reducing our internal Scope 1 & Scope 2 emissions by 54% by 2030 from the 2019 baseline. Disclaimer: Any greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives outlined in this report have not been established for any particular fund or investment strategy, are not binding on investment decisions or the management or stewardship of investments for the purposes of Regulation (EU) 2019/2088 and do not constitute a guarantee, promise or commitment regarding any actual or potential ESG impacts or outcomes associated with investments made by funds managed and/or advised by IK Partners, unless otherwise specified in the relevant fund documentation. IK Partners has established, and may in the future establish, ESG or impact goals, targets, commitments, incentives or initiatives, including but not limited to, those targeting greenhouse gas emissions reductions, diversity, equity and inclusion or alignment with the UN Sustainable Development Goals. Any measures implemented in respect of greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives may not be implemented in respect of or may not be immediately applicable to the investments of every fund managed and/or advised by IK Partners and any implementation may be overridden or ignored at the sole discretion of IK Partners.

    Water

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Oceans

    4.2. For each environmental topic in which the company sets timebound goals / targets, how is progress against target / goal tracked?

    Progress is reviewed against goals annually or more frequently

    Progress is reported internally to the most senior level

    Progress is reported externally

    Other (Please provide additional information)

    Climate Action

    Energy & Resource Use

    Water

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Oceans

    5. In the course of the reporting period, has the company been involved in providing or enabling remedy for any actual impacts associated with the following environmental issue(s)?

    Yes

    No

    Choose to not disclose

    Not applicable (Please provide additional information)

    Climate Action

    Not applicable given the nature of the business.

    Water

    Not applicable given the nature of the business.

    Oceans

    Not applicable given the nature of the business.

    Forests / Biodiversity / Land Use

    Not applicable given the nature of the business.

    Air Pollution

    Not applicable given the nature of the business.

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Not applicable given the nature of the business.

    Energy & Resource Use

    Not applicable given the nature of the business.

    Climate Action

    6. What were the company’s gross global greenhouse gas emissions for the reporting period?

    Scope 1 Emissions

    Emissions (tCO2e)

    0

    Scope 2 Emissions

    Emissions (tCO2e)

    51.8

    Scope 3 Emissions

    Emissions (tCO2e)

    317.45

    7. What percentage of the company's revenue was invested in R&D of low-carbon products/services during this reporting period?

    Percent of revenue (%)

    Due to the nature of our business, IK is not involved in R&D activities. In 2021, we have, however, purchased carbon credits from innovative project developers to contribute to ocean and soil carbon avoidance.

    8. Has the organization acted to support climate change adaptation and resilience?

    Energy / Resource Use

    9. Please report the company's renewable energy consumption as a percentage of total energy consumption in the reporting period.

    % of total energy consumption

    30

    Technology

    10. What percent of the company's revenue came from environmentally friendly products / services during this reporting period?

    Percent of total revenue (%)

    Sector-specific Questions

    11. Which sector(s) does the company operate in? If diversified, choose top 3 by revenue.

    Optional comment
    IK Partners is a European private equity firm focused on Mid and Small Cap investment strategies across 4 main sectors: Industrials, Business Services, Healthcare and Consumer.

    Overall Environment

    21. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the environment principles, including any challenges faced and actions taken towards prevention and/or remediation.

    We continue to measure and monitor our internal carbon footprint on an annual basis. In the reporting period, we have also initiated the carbon footprint project for our portfolio companies to measure their Scope 1 and Scope 2 emissions from operations in 2021. In addition, last year we purchased carbon credits from innovative project developers to contribute to ocean and soil carbon sequestration. As mentioned before, we set SBTs verified by SBTi for IK operational emissions from Scope 1 and Scope 2 and portfolio coverage target for our investments in Scope 3. In 2022, we implemented a climate change risk training for our investment professionals that was delivered by an external expert partner. Disclaimer: Any greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives outlined in this report have not been established for any particular fund or investment strategy, are not binding on investment decisions or the management or stewardship of investments for the purposes of Regulation (EU) 2019/2088 and do not constitute a guarantee, promise or commitment regarding any actual or potential ESG impacts or outcomes associated with investments made by funds managed and/or advised by IK Partners, unless otherwise specified in the relevant fund documentation. IK Partners has established, and may in the future establish, ESG or impact goals, targets, commitments, incentives or initiatives, including but not limited to, those targeting greenhouse gas emissions reductions, diversity, equity and inclusion or alignment with the UN Sustainable Development Goals. Any measures implemented in respect of greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives may not be implemented in respect of or may not be immediately applicable to the investments of every fund managed and/or advised by IK Partners and any implementation may be overridden or ignored at the sole discretion of IK Partners.

  • Anti-corruption

    Commitment

    1. Does the company have an anti-corruption compliance programme?

    The IK Anti-Corruption Policy was reviewed in March 2022.

    2. Does your company have policies and recommendations for employees on how to act in case of doubt and/or in situations that may represent a conflict of interest, e.g. with regard to gifts and hospitality, donations, sponsorship, or interactions with public officials?

    Optional comment
    Yes, we have the IK Anti-Corruption Policy that is available upon request.

    Prevention

    3. Who receives training on anti-corruption and integrity?

    Optional comment
    All new employees have a separate enrolment meeting with the compliance team where ABC is one of the topics discussed. In addition, all IK employees annually complete an eLearning module on ABC along with other industry-relevant compliance topics.

    3.1. How often is such training provided?

    One time only

    Every year

    Every two or more years

    We do not collect this data

    All employees

    Select employees

    Contractors

    Direct suppliers of the organization

    Other – such as partners, clients, etc.

    Indirect suppliers of the organization

    4. Does the company monitor its anti-corruption compliance programme?

    ABC is part of the risk based compliance monitoring programme.

    Response and Reporting

    5. Please report the company's total number and nature of incidents of corruption during the reporting year.

    Number of incident(s)

    Unknown

    Choose to not disclose

    Confirmed during the current year, but related to previous years

    0
    0

    Confirmed during the current year, and related to this year

    0
    0

    6. Within the reporting period, what measures has the company taken to address suspected incidents of corruption independently or in response to a dispute or investigation by a government regulator?

    7. Does your company engage in Collective Action against corruption?

    Optional comment
    IK's policy is to conduct its business in an ethical and honest manner. This is achieved through training and education of our employees.

    8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the anti-corruption principle, including any challenges faced and actions taken towards prevention and/or remediation.

    In the reporting period, IK provided relevant training to all employees. During the reporting year, IK encouraged portfolio companies in their efforts against corruption.