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These initiatives address what we consider to be major sustainability issues and opportunities. For example, not only do we play a role as a facilitator and advocate for carbon reduction within our portfolio, we are also pioneering the 24/7 availability and use of data through our in-house analytics platform. At the same time, we are optimising our work on inclusion and diversity, and actively collaborating to support the people and communities where we operate.

Alongside this, we are extending our practice of easuring, monitoring, and reporting into the impact space, partnering with companies focused on delivering tangible societal and environmental impact through the recently closed Apax Global Impact Fund (AGI).

We are acutely aware of the importance of these initiatives. This year, we have seen the hottest summer on record, ongoing international conflict, the emergence of generative AI, and unprecedented geopolitical shifts. As these events demonstrate: building better, more resilient businesses in these unpredictable times is critical to value preservation and value creation.

Within this report we would like to highlight three main areas of focus:

1) Launching the Apax Global Impact Fund

The $900m fund is committed to investing in mission-driven companies with core products and services that tackle environmental or social issues. We’re proud to support the founders and management teams tackling society’s most pressing issues, and of our robust and proprietary impact measurement system which is central to sourcing and supporting these businesses.

2) Enhancing cybersecurity capabilities

With increasing geopolitical tension, there has been a renewed focus globally on the threat of cybersecurity. Through our Operational Excellence Practice (OEP), we have long partnered with portfolio companies on their cybersecurity policies, providing insights, advice, and practical, pragmatic roadmaps for achieving an optimised security capability.

3) Delivering on climate action

We have completed comprehensive CO2 measurement programmes for Apax IX and X majority-owned portfolio companies. Companies representing more than 90% of total invested capital in Apax X rigorously measured Scope 1, 2, and 3 emissions.

We hope these insights are helpful and we look forward to updating you on our continued progress in 2024.

Our commitment to sustainability is integral to our identity. This year, we continue to progress important initiatives, both at a Firm level and in partnership with the Apax Funds’ portfolio companies.

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