TowerBrook Responsible ownership

Responsible ownership

As a purpose-driven investment firm, TowerBrook is committed to responsible ownership.

Responsible ownership considerations are integrated into every stage of our investment process and drive the development of policies, action plans and metrics for our portfolio companies.

We describe TowerBrook’s approach to responsible ownership in terms of five Ps: starting from a shared Purpose, we focus on People, Planet and Partnership, all of which contribute to delivering the fifth P: Performance.

We invest in companies that can deliver profitable growth by providing valued products and services, offering inclusive access to worthwhile jobs and making a positive contribution to their communities. TowerBrook partners with its portfolio companies to embed responsible risk management processes, pursue Board and management diversity and implement rigorous environmental, social and governance policies.

We hold ourselves and our portfolio companies accountable to our investors, their beneficiaries and all our stakeholders. We are committed to reporting regularly to our investors on our responsible ownership performance, both as investors and within our own firm.

Please click here to view our Responsible Ownership Statement.

Please click here to view our latest Responsible Ownership Report.

TowerBrook has received certification as a B Corporation, becoming the first mainstream private equity firm in the world to receive this recognition.

B Corps are purpose-driven businesses that create benefit for all stakeholders, not just shareholders. B Corp certification is administered by the non-profit B Lab movement via a rigorous assessment and verification process that ensures B Corps meet the highest standards of social and environmental performance, transparency and legal accountability.

The certification of TowerBrook as a B Corp recognises the firm’s longstanding commitment to social and environmental stewardship and formalises its obligation to uphold this commitment.

Certified B Corporation

TowerBrook adheres to the United Nations Principles for Responsible Investment (PRI). In doing so, TowerBrook commits to investing in a manner that demonstrates our implementation of the PRI’s Six Principles for Responsible Investment. TowerBrook also commits to reporting to the PRI annually in a transparent manner on our activities and our progress towards implementing the principles. TowerBrook’s Transparency Report can be viewed here.

The PRI provides reporting signatories with an assessment of their progress in responsible investment. The assessment is designed to provide signatories with an understanding of where their organization sits in relation to peers at local and global level, across asset classes, and over time. Its purpose is to help signatories identify and prioritize areas for improvement, and to stimulate dialogue between signatories on responsible investment activities and processes. TowerBrook’s Assessment Report can be viewed here.

The PRI Assessment Methodology can be found on www.unpri.org/signatories/about-pri-assessment.

As a member of the British Private Equity and Venture Capital Association (BVCA), TowerBrook Capital Partners (UK) LLP, which is authorized and regulated by the United Kingdom Financial Conduct Authority with firm reference number 416020, welcomes the Guidelines for Disclosure and Transparency in Private Equity published by Sir David Walker in November 2007 (as updated from time to time), and is committed to conforming to those Guidelines on a comply or explain basis. TowerBrook Capital Partners (UK) LLP acts as an investment advisor to TowerBrook’s affiliated funds under management.

Information about TowerBrook can be found on this website, which gives details of our structure, team and investment approach. In providing this information, we have taken an approach that we believe to be proportionate given the extent of our current activities in the UK. This means that, in some cases, we have not included all the detailed information  required by the Guidelines. Currently, none of TowerBrook’s portfolio companies is a “Walker company” subject to enhanced disclosure under the Guidelines. If you would like any additional information about TowerBrook, please contact us.

Currently, none of the companies in the TowerBrook portfolio is a UK portfolio company subject to the enhanced reporting requirements set out in the Guidelines. However, TowerBrook is committed to promoting conformity with the Guidelines on the part of any large UK portfolio companies in which we may invest in future.

TowerBrook has arrangements in place to ensure that any conflicts of interest that may arise in relation to our investment activities are managed fairly.

Pursuant to the Financial Instruments and Exchange Law of Japan, effective as of March 1, 2016, a person who has submitted a notification regarding Specially Permitted Businesses for Qualified Institutional Investors is required to make available to the public certain information.  Such information regarding TowerBrook Investors, Ltd. and its affiliates can be obtained upon request by emailing investor.relations@towerbrook.com.

The TowerBrook Foundation invests in the communities in which we live and work by partnering with carefully selected organisations that are aligned with our purpose and values and where our contribution can have a lasting impact.

The TowerBrook Foundation was established in 2006 by the partners of the firm and is an integral part of our identity and culture. It reinforces the values we seek to promote within our business. We believe that giving together will help us to grow as a firm as well as making a lasting difference to those we support.

We engage in a range of activities that include supporting charities to become more effective; devoting resources in kind, including volunteering, to practical projects; and helping to raise awareness of the charities’ work, including among our portfolio companies, so that they can grow and thrive.

The TowerBrook Foundation is funded from the profits of our business and is registered as a charity.