Our Approach to ESG

The IoT is delivering positive economic and social impacts

Tern PLC is an investment company primarily focused on Internet of Things (IoT). Much of the media attention for IoT has been focused on the commercial benefits of both consumer and business applications, even though the foundations of IoT also enables technology to deliver positive economic, social and climate impacts that help transform our societies for the better.

With a focus on IoT, our portfolio companies will continue to address some of the world's biggest challenges by contributing to a healthier, more environmentally friendly and energy efficient society. As an investing company, ESG is a consideration that combines our objectives of outperformance of market-rate financial returns with delivering positive social and environmental outcomes that maintain exemplary good governance practices.

What are we doing?

Our consideration of Environmental, Social and Governance factors when making investments

At Tern PLC, environmental, social and governance factors are integrated into our decision-making process when considering investments, and we remain committed to this policy of responsible investment throughout the investment lifecycle, from the pre-investment stage through to exit.

We use a range of methods to screen, appraise and monitor our investments which are aligned to the UN Principles for Responsible Investment (PRI).

We are committed to incorporating ESG into our own operations

Environmental

Tern PLC’s investment model seeks to have a positive impact on the environment. And as a company we strive to reduce our carbon footprint.

Social

As an organisation we promote a culture that is fair, transparent and inclusive. We manage our business and stakeholders interactions in a socially responsible way whilst contributing to the communities in which we operate.

Governance

Tern PLC, its directors and employees operate in an honest, ethical and socially responsible manner.

The Board has adopted the Corporate Governance Code 2018 published by the Quoted Company Alliance (“QCA”), the detail of our compliance can be found here.

What can we expect to see in IIoT in 2021?

2020 was a year of greater disruption and transformation than most of us can remember. And whilst industrial and manufacturing organisations perhaps found their operations less overturned than service-based professions, they nevertheless had to adapt to radically different working practices.

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How technology can help social distancing

‘Social distancing’. A term few of us were familiar with a year ago – now a term shaping everything from the arrangement of seating in pubs and restaurants, to the scheduling of rota systems for office-based workers. As the world adjusts to, if not a post-COVID reality than at least a post-lockdown reality, what roles can technology play in helping us to achieve social distancing measures?