Paris, 27 October 2022 – Apax, one of Europe’s leading private equity firms, has revealed a new set of sustainability commitments together with a revised and ambitious strategy and published its first dedicated Sustainability Report: 9 targets set for Apax itself and for its portfolio companies, covering 3 different themes and to be met by 2027.
Apax is firmly convinced that businesses can only achieve a positive impact and create long-term value if they make sustainability a top priority and turn it into a strategic focal point; this applies both to Apax itself and to its portfolio companies.
The world today is constantly evolving and faces many challenges. Apax thus seeks to provide its portfolio companies with the right guidance and support so that they can fully grasp the challenges that lie ahead and meet the ever-changing needs of their various stakeholders (clients, employees, investors, the environment, etc.).
Apax was keen to step up its involvement and take on a new dimension, and so it decided a year ago to create the role of Chief Sustainability Officer, which is held by Dominica Adam, and to appoint Gregory Salinger as Operating Partner Digital and Sustainability, the aim being to turn sustainability into a focus for value creation that will help our portfolio companies become future-ready.
Apax’s new strategy was drawn up in association with its stakeholders and begins with a definition of its corporate purpose, which is “to build a purpose-driven, human and resilient future, with quantified goals”, says Eddie Misrahi, President of Apax. The strategy is presented in our new Sustainability Report and breaks down into 3 key themes and 9 targets. These targets are to be met by 2027 or during the holding period for each of our portfolio companies, and they also apply to Apax itself.
Sustainability Strategy applicable to Apax and its portfolio companies out to 2027:
Building a purpose-driven future
1. Define a formal purpose and sustainability strategy
2. Set net-zero targets
3. Nominate independent or external Board members
4. Set sustainability-linked performance targets
Nurturing people
5. Grow human capital and implement an employee-engagement tool
6. Define an ethical culture
7. Ensure 30% of seats on executive committees are held by women
8. Deploy profit-sharing schemes for employees
Promoting positive societal impact
9. Roll out a positive measured societal program with NGOs through our Apax Philanthropy Fund
We are thrilled to present our new sustainability strategy and roadmap for the coming years as it will help to steer both our own actions and those of our portfolio companies. We firmly believe we can help to transform our portfolio companies by encouraging them to embrace sustainability as a strategic priority and thus create long-term value
Dominica Adam, Chief Sustainability Officer at Apax.
Find out more about Apax’s sustainability strategy on video:
About Apax
Apax is one of the leading private equity firms in Europe. With 50 years of experience, Apax works with companies over the long term to make them leaders in their sector. The funds managed and advised by Apax amount to over €5 billion. These funds invest in high-growth SMEs and SMIs in four sectors of specialisation: Tech & Telecom, Services, Health and Consumer Goods.
Apax sas, based in Paris (www.apax.fr), and Apax LLP, based in London (www.apax.com), have a common history but are two independent firms.
Contacts
Lauren Bardet
Apax – Communications Director
+33 6 16 32 72 82
lauren.bardet@seven2.eu
Jérôme Goaër
Verbatee
+33 6 61 61 79 34
j.goaer@verbatee.com
Valérie Sabineu
Verbatee
+33 6 61 61 76 73
v.sabineu@verbatee.com
