Updated BVCA guide to responsible investment

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Posted in:Banking and Finance, Corporate and Commercial|November 11, 2011 | Join the mailing list

The British Private Equity and Venture Capital Association (the "BVCA") has published an updated version of its guide to responsible investment for private equity and venture capital firms.

Except for the inclusion of a new supplement, the changes are largely minor. However, the supplement aims to address in detail the evaluation of environmental, social and governance issues at the pre-investment stage. The BVCA recommends that during the pre-investment
stage, firms should draw up a responsible investment policy with separate sections devoted to environmental, social and governance issues, known as ESG sections. The BVCA also recommends that, in order to evaluate ESG issues, a three step process should be
adopted, to include, top-level screening, business profiling and due diligence.

It is expected that the BVCA will publish guidelines for the remaining periods of the private equity investment cycle, i.e. immediately post-investment, post investment and exit.

More information on the BVCA’s guidelines for responsible investment can be found on their website at

To discuss how we can provide further advice in connection with these issues, please contact Stephen Foster, Partner and Head of our Corporate and Commercial team, by email to stephenf@berg.co.uk or alternatively you can call Stephen on 0161 833 9211.

The information and opinions contained in this article are not intended to be comprehensive or to provide legal advice. No responsibility for article’s accuracy or correctness is assumed by Berg or any of its partners or employees.
Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of the contents of this article.

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