About us Our people Our businesses News and insights Contact us ESG and our impact on society HOME ABOUT US ESG AND OUR IMPACT ON SOCIETY Long-term investment requires long-term thinking. Our businesses will only deliver financial performance if they are able to adapt to the future social, environmental and technological changes the world faces. The pandemic has only strengthened society’s – and L1's – belief in sustainable value. L1's commitment covers three core areas: 1. How our businesses operate and behave. 2. How we contribute to progressive thought leadership at a global and national level. 3. How we give direct support to communities. Understanding and improving our impact on society is our primary responsibility. From our environmental footprint to our relationship with employees, customers and suppliers, we need to listen, and act. This is the core of L1's ESG policy. JONATHAN MUIR Our ESG principles Principle 1: how our businesses operate and behave L1 has taken the following actions in order to embed ESG in its investment processes: L1 will incorporate ESG issues into its investment decisions and its portfolio management processes. L1 will require all of the portfolio companies it controls to have an ESG policy and identify specific ESG priorities, risks, and opportunities. L1 will review progress against portfolio company ESG targets through its six-monthly portfolio review process. L1 will undertake an annual ESG analysis of the most significant companies in its portfolio to understand their approach to ESG risks and opportunities in more detail. L1 will convene annual workshops to bring together the ESG leaders of its portfolio companies in order to facilitate sharing and promotion of best practice. L1 is committed to providing all relevant L1 employees with regular training, comprehensive responsible investing guidance and access to relevant ESG tools. Download our ESG policy FEATURED How has the pandemic thrown ESG into sharp relief? How has the pandemic thrown ESG into sharp relief? CASE STUDY 27 JULY 2021 5 MINS Link How our businesses operate and behave is our starting point. But we believe in going further. Because of this, we are trying to lead the conversation about the nature of economic measurement. LORD DAVIES OF ABERSOCH Principle 2: contributing to progressive thought leadership at a global and national level If measurement–such as GDP-continues to be solely financial at a country level, it will drive behaviour at a firm level that risks short-termism. So we have funded the Bennett Institute of Public Policy at the University of Cambridge to produce world-class thought leadership on new forms of measurement that include natural, social and human capital. FEATURED Leaving a lasting legacy: GDP Leaving a lasting legacy: beyond GDP CASE STUDY 27 JULY 2021 10 MINS Link By actively supporting causes that realise potential, we can help thousands of young people benefit from our skills and experience. JOSH HARDIE Principle 3: to support the communities in which we operate Our business philosophy is to realise potential, and that’s the focus of our community support. From nurturing the entrepreneurs of tomorrow, to supporting excellence in jazz, maths and music, we are proud to be helping thousands of young people pursue their passions. 01 07 Play and pause button Arrow prev Arrow next As a result of L1 support New Entrepreneurs Foundation and the Centre for Entrepreneurs merged into a new organisation to create the UK/Europe’s leading entrepreneurial thought-leadership and educational institute. The Centre for Entrepreneurs aims to create a new generation of outstanding entrepreneurs who will launch and build businesses, playing a key role in driving Britain’s future growth and prosperity. It also undertakes research and campaigns to promote the role of entrepreneurs. Our businesses Learn more about the areas we invest in and understand the value we bring to active investment. Our businesses Our people Meet the entrepreneurs, business people and investing experts that are part of the Letter One team. Our people News and insights Read the latest news, insights and thought leadership from LetterOne. News and insights © Letterone Holdings S.A. 2021 © Letterone Investment Holdings S.A. 2021 +352 26 38 77 1 Email us 1 - 3 Boulevard de la Foire, L-1528 Luxembourg SITE TOOLS Terms and conditions Privacy and cookie policy Accessibility Site map Cookie settings ® LetterOne is a registered trademark of Letterone Holdings S.A. Your choice regarding cookies on this site We use cookies to optimise site functionality and give you the best possible experience. I AcceptI Do Not AcceptCookie settings