At Mayfair, we view sustainability not only as a responsibility but as a commercial value driver across our portfolio. Time and time again, we have seen that strong sustainability practices strengthen resilience, enhance brand reputation, and unlock new growth opportunities.

Our investment approach has never been to focus exclusively on businesses that are already leaders in sustainability. Instead, we partner with companies that have strong commercial potential and then support them in using sustainability as a lever to generate material value for their business.

For example, Promise Gluten Free achieved a 32% reduction in its energy use per unit of product by re-directing steam into its boiler system to improve thermal efficiency and carrying out thermal imaging of ovens and electrical panels to detect and resolve heat loss in its baking process. This has led to both operational efficiencies and a nomination for Best Energy Achievement in Food & Beverage at the 2025 Food Beverage Energy Awards.

It is this philosophy that underpins our adoption of a Sustainability Improvers label under the UK Sustainability Disclosure Requirements (UK SDR) for Fund III.

Fund III will carry the sustainability objective:

“The Fund aims to contribute to climate change mitigation by supporting investee companies in their commitment to reduce greenhouse gas (GHG) emissions.”

To achieve this objective, we will actively work with all portfolio companies in Fund III to:

  • Set short-, medium-, and long-term decarbonisation targets;
  • Develop robust, tailored decarbonisation plans; and
  • Report progress against these targets annually.

This builds on a strong foundation across our existing portfolio, where 76% of companies already measure Scope 1 and 2 emissions, and four companies have established emissions reduction targets supported by formal decarbonisation plans.

Through our Sustainability Improvers label for Fund III, we aim to accelerate meaningful emissions reductions while strengthening long-term commercial performance across the fund.

We are proud to be amongst the first private equity funds to adopt the Sustainability Improvers label and look forward to working closely with our portfolio companies on this journey.