Case Study Private Equity

Overview of Asset

During the due diligence phase, our Private Equity team identified and considered material sustainability factors from a risk and opportunity lens.

Specifically, the Private Equity team identified area in which Project Spark could improve their sustainability practices. The due diligence process involved many conversations with our investment partners and the Company Management team, as well as a thorough discussion with Fiera Comox’s Head of Sustainable Investment to gain comfort and understanding around material sustainability considerations on environmental, social and governance matters. Notably, Project Spark has worked extensively with third-party consultants to develop a comprehensive sustainability action plan that aims to drive improvements across a range of key sustainability KPIs while supporting the financial performance objectives.

Recent ESG Initiatives

Environment

Environment

  • Refinement of environmental waste management and energy efficiency practices
  • Investment plan in a hybrid / electric fleet of vehicles to replace current vehicles as they reach end of life
Social

Social

  • Adoption of self-auditing guideline requirements to track health and safety performance across all locations
  • Intensive supplier qualification process in place to ensure quality is routinely audited
Governance

Governance

  • Launch of a new process to increase visibility into employee satisfaction, aimed at measuring engagements at different points in the employee life cycle, and continue to focus on championing diversity, equity, and inclusion initiatives