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In 2021, Fenergo was acquired by Astorg and Bridgepoint, two private equity firms with a strong track record in investing in and managing well-governed organizations. After all, as our investor Bridgepoint points out “well-governed businesses perform better and are more resilient”.
As a result, Fenergo has invested in developing and test-driving its policies and procedures around:
We are building a sustainable, resilient business that creates positive change and delivers superior returns that benefits the whole of society. As a part of Fenergo’s sound governance practices, the ESG Program takes care of devising:
A set of valuable ESG Policies
An ESG Control Framework
Monthly progress calls
Quarterly ESG Steering Committee with the leadership
Board and investors reporting
In a bid to further increase its sustainability efforts Fenergo has announced the adoption of Science-based Targets initiative (SBTi) for more transparent and granular carbon monitoring, control and disclosure.
Rated by EcoVadis (438), Fenergo scores better than most of its peers in all four themes.
