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BGF Sustainability Actions

Annual ESG benchmarking project

One of the ways we help to bring these answers to the surface is through an annual ESG benchmarking project, facilitated through an independent third party. Whilst the results of the survey are specific to each business, our scale makes it efficient and effective to run the project on behalf of portfolio companies.

Shared ESG insights with teams

Over the past month, we have been sharing these ESG insights with management teams to provide a clear view on the year-on-year progress being made around key ESG value creation drivers. Critically, these are now Board-level conversations.

Measured portfolio ESG progress

Across our portfolio, ESG scores have improved by 19% year-on-year for the cohort of 189 companies that took part. Breaking this down into separate E, S, and G metrics, we’ve seen social scores increase by 17% between 2021 and 2022, and governance scores increase by 15% in the same period. Sustainability initiatives are also driving notable progress, with a 26% uptick in environmental scores.

Tracked GHG emissions

In 2022, 45% more companies measured greenhouse gas (GHG) emissions, compared to 2021.

Supported environmental targets

There has also been a 36% increase in companies setting environmental and Net Zero targets, including the reduction of emissions, energy usage, and waste generation.

Monitored gender diversity

On the social front, nearly three-quarters (74%) of portfolio companies are measuring and monitoring gender diversity across all employees, representing a 21% jump in companies doing so.

Charitable activity across portfolio

On the CSR front, nearly half (48%) of the companies surveyed are engaging in charitable activities, and have collectively provided £1.6m to charitable organisations, while giving thousands of hours of volunteering time.

Supported Pharmacy2U ESG

BGF has been supporting Pharmacy2U in developing its ESG strategy since 2022. Over the past two years, the company has seen a steady improvement in its ESG performance, with a notable 40% increase in its environmental score, measured as part of BGF’s annual ESG assessment.

Published ESG policy and statement

Since then, the company has taken steps to enhance transparency and accountability in its ESG efforts, including the publication of its ESG policy and first annual ESG statement on its website.

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About BGF

  • Status
  • Unverified
  • Employees
  • 100 - 500
  • Country
  • United Kingdom