Our environmental policy focuses on three areas:

1. Minimising the impact on the environment of our own operations

We aim to reduce Bridgepoint's carbon footprint by identifying more efficient resource use, recycling opportunities and, where necessary, by paying to offset our carbon emissions. Every year we conduct an internal survey to make sure we are complying with our own ambitions, and we present the results to Bridgepoint's Operating Committee for review and action.

2. Assessing environmental impact before making a new investment

We invest responsibly, so we insist that pre-investment proposals include a breakdown of a business's environmental impact - for example on water use, waste management, energy and sourcing. Otherwise we require confirmation that there are no issues that the Investment Committee should be aware of.

If, for any reason, a company does not fully comply with statutory or regulatory requirements, we ask for proof that management has realistic plans to resolve it within a reasonable timeframe.

Once we have invested in a company, the executive management team must make sure that the company complies with environmental legislation - and if there is a breach, that it is reported immediately to Bridgepoint's representative on the board.

3. Encouraging existing investee companies to adopt appropriate policies

Our board members in investee companies always encourage management teams to abide by environmental policies in their operations. These tend to focus on energy use, waste and recycling, water use and conservation, and supply chain environmental management.

If the company makes any acquisitions while under our ownership, we make sure that they consider environmental policies in any due diligence, and monitor them after acquisition.