18 ESG POLICIES, TRAINING AND REPORTING WIDELY ADOPTED ACROSS MANAGERS The UN Principles for Responsible Investing (PRI) The UN Principles for Responsible Investing (PRI) is the most widely adopted ESG standard by managers. 65% of managers have committed to these standards. 17Capital believes good governance of ESG enables managers to formally adopt and more successfully integrate ESG into the organisation. Given the institutionalisation of ESG in private equity over recent years, it is encouraging to see that the majority of managers 17Capital works with have ESG policies in place, train their employees on ESG topics and provide ESG reporting to investors. Underlying manager ESG questionnaire insights: Governance Managers who conduct ESG training 80% Managers with ESG policies 85% Managers who report on ESG to investors 80%