Sustainability at the portfolio

Apax Global Impact

IES develops software and consultancy services to support decarbonisation of the built environment.

Apax Global Impact (AGI) builds on Apax’s long-standing sustainability heritage, translating the firm’s deep expertise in responsible investment into a strategy that aims to deliver both strong financial performance and measurable impact.

AGI offers a differentiated approach designed to achieve meaningful societal and environmental outcomes alongside competitive financial returns. The Fund extends the firm’s established practices of measuring, monitoring, and reporting into the impact investing space.

The strategy leverages the deep sub-sector expertise of the Apax sector teams, the global scale and strength of the Apax platform, and the value creation capabilities of the Operational Excellence Practice.

AGI sector themes

Theme 1: Climate, Environment & Resource Efficiency

Reduce environmental harm and resource use

  • Resource efficiency & waste reduction
  • Sustainable products & services
  • Circular economy
  • Agtech (productivity improvement)

Theme 2: Social & Economic Mobility

Expand access to quality education, professional development & financial services

  • Digital upskilling & learning platforms
  • Professional development services
  • Financial technology and services
  • Digital access & services

Theme 3: Health & Wellness

Increase access and affordability, and improve health and wellness outcomes

  • Healthcare IT (HCIT)
  • Life science services
  • Next-gen food
  • Data & analytics

Theme 4: Digital Impact Enablers

Technology and services that help drive impact across the three themes

Current AGI portfolio companies

Measuring impact

David Su, Managing Partner, Apax Global Impact

A defining element of AGI’s approach is its Impact Toolkit.

The toolkit includes a proprietary framework co-created with internal and external expert input, including from the AGI Impact Advisory Board – which supports rigorous impact measurement and continuous performance management across the lifecycle of each investment.

Average impact improvement attainment across the current portfolio1

1

Sourcing & screening

Apax Impact Triage Tool

  • Screens potential investments based on impact criteria, material negative externalities, and alignment with the UN SDGs
  • Includes Do No Significant Harm Assessment
  • Addresses key SFDR Article 9 threshold questions
  • Clarifies initial impact thesis along with key questions

2

Diligence & eligibility

Apax Impact Threshold Score

  • Used during diligence to rigorously test impact theses and analyse key impact questions to facilitate a final investment recommendation
  • Aligned with the 5 dimensions from the Impact Management Norms

3

Monitoring & performance

Apax Impact Improvement Score

  • Tracks changes in depth and scale of impact (“what”) and sustainability ("how”) during AGI’s ownership to monitor the progress of impact value creation
  • Identifies priority impact KPIs tied to the impact thesis
  1. Blended weighted average by amount invested. Includes most recent verified annual impact improvement score for Bonterra, GAN Integrity and Swing Education