Thoma Bravo seeks to integrate environmental, social and governance (ESG) factors into its investment process. When evaluating investment opportunities, Thoma Bravo generally considers sustainability risks associated with such opportunities, and it considers whether there are material ESG or reputational concerns with regard to prospective portfolio companies. In particular, Thoma Bravo generally evaluates material ESG risks, mitigating factors and opportunities applicable for the asset type. Thoma Bravo tracks certain relevant data, and where appropriate, integrates such data into the investment research, acquisition and post-acquisition monitoring process. The Management Committee generally considers material sustainability risks raised during due diligence as part of the decision-making process to invest.
Please see Thoma Bravo’s latest ESG report for recent developments and initiatives.
Thoma Bravo aims to manage the risk connected to adverse impacts from its investments in several ways, including during investment due diligence and as part of monitoring during the period of ownership of a portfolio company. Thoma Bravo has considered, and continues to consider, ESG factors in its investment process to help deliver risk-adjusted returns but it does not consider adverse impacts of investment decisions on sustainability factors as specifically set out in Regulation 2019/2088 on sustainability-related disclosures in the financial services sector dated 27 November 2019 (SFDR). Thoma Bravo has chosen not to do so for the present time as it considers that its existing ESG policies and procedures are appropriate, proportional and tailored to the investment strategies of the funds managed by Thoma Bravo. Thoma Bravo continues to closely monitor regulatory developments with respect to the SFDR and other applicable ESG-focused laws and regulations, including the implementation of related and secondary legislation and regulatory guidance, and will, where required or otherwise appropriate, make changes to its existing policies and procedures.