Hong Kong, February 23, 2022 – FountainVest Partners, a leading private equity firm in Asia, today announced that it had become a signatory to the United Nations-supported Principles for Responsible Investment (PRI), as part of its ongoing commitment to Environmental, Social and Governance (ESG) issues.
Working in support and in conjunction with its signatories, the PRI seeks to encourage more responsible and sustainable investment decisions through adoption of its six voluntary and aspirational Principles encompassing the areas of investment policies and practices, ESG disclosures and reporting, implementation effectiveness, and industry acceptance and implementation.
“We believe that ESG is not only good for our communities, but can create outstanding returns for our investors. FountainVest has incorporated ESG considerations into its investment process since inception in 2007 and we are glad to be formalizing and taking our commitment to the next level by becoming a PRI signatory,” said Frank Tang, chairman and CEO of FountainVest Partners.
“With a long track record as one of Asia’s most established private equity firms, we have been continuously enhancing our ESG focus and implementation,” said Amy Fong, COO and Chair of ESG Committee at FountainVest. “We are glad to be a supporter, a participant and an advocate for PRI’s important mission.”
PRI CEO David Atkin said: “We warmly welcome Asia-based private equity firm FountainVest Partners as a PRI signatory. In joining PRI, FountainVest Partners – like an increasing number of private equity firms – is recognizing the importance of incorporating ESG factors into its investment and ownership decisions as a key to value creation. We look forward to working with the team.”
FountainVest Partners is one of the most established independent private equity firms in Asia. The firm focuses on long-term investments in industry leaders, partnering closely with management teams to accelerate growth and create value in strategy, operations, finance, and capital markets. Sectors of focus include consumer, media & technology, healthcare, industrials, and business services. FountainVest manages assets on behalf of world leading public pensions, sovereign wealth funds, and other institutional investors.
The Principles for Responsible Investment (PRI) is the world’s leading proponent of responsible investment. Supported by the United Nations, it works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole.