Guiding Principles for determining our metrics
The ESG Data Convergence Initiative aligned on a set of guiding principles to inform the selection of the core metrics:
Globally accepted:
Selected from the most accepted and widely regarded frameworks; including GRI/WEF, SASB, and TCFD (and EU SFDR as formalized).
Meaningful:
From a financial or societal impact perspective; may be specific to a given industry.
Comparable:
Allowing performance comparisons between portfolio companies and GPs; adequate overlap exists across sectors.
Dynamic:
Evolving metrics as tracking improves and understanding and materiality evolves.
Straightforward:
Simple to track accurately, with limited total number of metrics to not overburden companies and ensure data quality and integrity.
Actionable:
Tied to specific actions under GPs and portfolio companies’ control.
Objective:
Metrics should minimize subjectivity or need for interpretation.
Our ESG categories and metrics
- Scope 1
- Scope 2
- Scope 3 (optional)
- Strategy
- Target
- Ambition
- % renewable energy usage
- % women on board
- % women in C-suite
- % underrepresented groups on board (optional based on region)
- Injuries
- Fatalities
- Days lost due to injury
- Net new hires (organic and total)
- Turnover
- Employee survey (yes/no)
- Employee survey response (optional)
- Employee sentiment and score (optional)