ESG Policy

ESG Policy

At Vista, we aim to consistently deliver the highest returns at the lowest risk to our investors. That means adhering to the highest standards of integrity, professionalism, discretion, and confidentiality. We believe that environmental, social, and corporate governance (ESG) considerations are essential to creating value for our stakeholders and to developing a sustainable, long-term strategy for our companies and within the Vista firm. We are committed to ESG management and best practices. Accordingly, we’ve aligned our ESG policy with the American Investment Council’s (AIC) comprehensive Guidelines for Responsible Investing (Appendix A).

As an experienced software investor, we’ve determined that some of the significant ESG issues faced by our companies involve data privacy and information security, ethics and compliance, anti-bribery and corruption, customer and employee relations, diversity and inclusion and community engagement. Our investment philosophy champions iteration and improvement so that we can continue to lead the market. We will regularly revisit and update our ESG policy to ensure that it evolves with changes in industry demands and regulations.

Guiding Principles

  • Ensure proper labor and working conditions to safeguard the health and safety of our employees and those of our companies
  • Encourage a culture of meritocracy, fairness, and transparency
  • Promote honesty, integrity, fairness, and respect in all of our business practices
  • Protect the privacy of confidential consumer and corporate information through our own operations and those of our companies
  • Provide stakeholders with clear, transparent information regarding ESG risks
  • Ensure and continuously improve the environmental responsibility and energy efficiency of our firm and our companies
  • Promote the social development of our communities and use our position as a community leader to provide charitable contributions, with a focus on job training and opportunity, access to education, supporting the arts and culture, and protecting our health and environment

Accountability

At Vista, we offer ESG understanding and accountability throughout the firm. Our investment professionals are responsible for managing and instilling the guiding principles of our ESG policy across our companies. In addition, Vista Consulting Group (VCG) is actively involved in addressing potential ESG risks during the investment process and within the Vista firm. Our compliance team provides oversight and ensures that employees at both Vista and our companies adhere to our ESG policy.

Investment Process

We incorporate ESG analysis into our investment process so that we can limit stakeholder risks and position our companies for sustainable growth and success. Before every deal and add-on acquisition, VCG subject matter experts conduct an in-depth review of the company’s technology, cybersecurity, and data privacy practices. Additionally, we engage a law firm to assess potential ESG risks and opportunities. All material findings are communicated to the investment committee.

After a deal has closed, Vista continues to monitor ESG performance and progress both during the value creation planning process and throughout the life of each investment. We ensure ESG measures are maintained through regular conversations and documented check-ins with Vista company management and leadership, as well as board oversight during quarterly meetings.

Investor Communications

At Vista, we focus on enhancing our companies’ competitive advantage, while safeguarding stakeholder interests. We are committed to reporting ESG risks to our investors. This includes communication in quarterly and annual reporting to our investors or at the annual general meeting.