News & Analysis

In brief: Investcorp touts ESG progress in full year results

The Bahrain-based firm has signed up to the UN PRI and appointed an internal DE&I champion.

-

Investcorp, the private markets and alternatives firm that is in the process of delisting from the Bahraini stock exchange, has touted its ESG and diversity progress in its annual results statement.

“I am particularly pleased with the external recognition we gained for our Diversity, Equity and Inclusion efforts and for the strengthened adherence we have made to our ESG policies,” said Mohammed Alardhi, executive chairman of the business.

In October 2020, Investcorp appointed internal recruit Habib Abdur-Rahman, a principal, to head up its ESG function to “accelerate adoption of a standardised ESG framework, including implementing and enhancing ESG alignment across all business lines and geographies”.

According to Investcorp’s full year results statement, the firm in 2020:

  • “Appointed a dedicate DE&I champion.”
  • “Strengthened its adherence to an ambitious new set of ESG policies that will deepen its existing commitment to socially responsible investment (SRI), create new in-house ESG investment teams across every line of business, and develop an ESG playbook for all portfolio companies.”
  • Became a signatory to the UNPRI.