Doughty Hanson Wins Corporate Responsibility Award
Doughty Hanson & Co, one of the largest independent private equity firms in Europe, was named the winner of the Corporate Responsibility Award at the Sixth European Private Equity Awards in Paris on Friday 21st November, hosted by the European Private Equity and Venture Capital Association (EVCA) and Real Deals.
The Award was given to Doughty Hanson in recognition of its leadership role within the private equity industry across a range of environmental, social and governance (ESG) initiatives. The judges singled out the firm's appointment of a dedicated Sustainability Officer, as well as its decision to sign up to the United Nations Principles for Responsible Investment.
Stephen Marquardt, Joint Chief Operating Officer of Doughty Hanson commented: "Doughty Hanson is focused on implementing a range of initiatives, both at group level and across our portfolio companies, aimed at supporting our commitment to responsible investment practices. We believe companies that engage in sustainable investment practices not only de-risk their business models, but can achieve greater cost efficiencies and profitability, resulting in higher valuations in the capital markets."