Sustainability at OCI’s Investment Adviser
Sustainability remains a core part of how Oakley, as OCI's Investment Adviser, approaches long-term value creation. OCI continues to align with this commitment, recognising sustainability as integral to resilience across the investment lifecycle. As detailed in Oakley's 2025 Responsible Investment Report, sustainability initiatives can unlock financial value and strengthen competitive positioning. The following section highlights key sustainability initiatives undertaken by Oakley during the first half of 2026.
Our sustainability strategy
Responsible investing principles form an integral part of the life cycle of an investment, from origination and due diligence through Oakley's period of ownership and exit.
Oakley takes a materiality-led approach to sustainability, focusing attention and resources on the topics most likely to influence long-term business resilience, performance and stakeholder expectations. This is applied consistently across the portfolio, while recognising that material topics vary by sector, geography and operating model. To support this, portfolio companies benefit from two complementary approaches: value protection, establishing strong foundations and compliance readiness across core sustainability topics, and value creation, identifying opportunities to strengthen resilience and build competitive advantage through sustainability-led initiatives. Oakley's sustainability programme prioritises three core themes that are consistently relevant across its operations and investments: energy and climate; employee culture, engagement and wellbeing; and cybersecurity and data protection, which sit within a broader set of sustainability topics used to monitor performance and guide engagement across the portfolio.
Key sustainability themes across our operations and investments
Energy and
climate change
Employee culture
and engagement
Cybersecurity and
data protection
Wider sustainability themes
Energy and
climate change
Wider sustainability themes
Water and wastewater management
Waste and circularity
Ecological impact
Employee culture
and engagement
Wider sustainability themes
Employee health and safety
Customer welfare
Society and communities
Cybersecurity and
data protection
Wider sustainability themes
Supply chain management
Responsible AI
Business model resilience
Regulatory disclosures
OCI is a Bermuda-incorporated closed-ended investment company and is not subject to the UK's mandatory TCFD-aligned disclosure requirements, Streamlined Energy and Carbon Reporting ('SECR') or the UK Modern Slavery Act. Oakley, as OCI's Investment Adviser, is in scope of each of these regimes and publishes annual TCFD disclosures, integrated in the Responsible Investment Report, and SECR disclosures included in the Group of companies' accounts filed to Companies House, as well as an annually reviewed Modern Slavery Act Statement on Oakley's website.
Energy and climate
Oakley's 2025 Responsible Investment Report, published in H1 2026, sets out Oakley's latest operational carbon footprint (FY 2025), calculated using 100% actual consumption data for Scope 1 and Scope 2 emissions and an increasing share of activity-based data across Scope 3 categories. Oakley continues to implement its internal climate strategy to support the reduction of operational emissions over time, with near-term delivery expected to be achieved primarily through renewable electricity procurement across its office network.
Across the portfolio, Oakley continued to support decarbonisation target-setting during H1 2026, including helping further portfolio companies work towards SBTi-aligned targets, supporting newly acquired companies in establishing their first emissions baseline, improving the quality of existing companies' emissions data, and providing guidance on renewable energy procurement. Oakley also continued to onboard portfolio companies onto its climate risk analytics platform during H1 2026, broadening visibility of physical and transition risk exposure across the portfolio.
68%
of portfolio companies measured their 2025 carbon emissions, a 30% increase from 2023*
93%
of portfolio companies assessed for climate risk as at December 2025*
Employee culture, engagement and wellbeing
Oakley conducted its annual employee engagement survey in H1 2026, marking the first year of its expanded approach beyond equity, diversity and inclusion metrics to capture broader engagement and culture monitoring across the firm. Survey findings and key themes were shared across the firm, with structured discussions held to identify potential actions and next steps to feed into ongoing engagement priorities.
To support companies seeking to introduce or enhance engagement surveys, Oakley engaged with a range of leading employee survey platforms and facilitated introductions, helping ensure employee feedback is captured in a way that is appropriate for each business. In H1 2026, Oakley also worked with portfolio companies using eNPS to better understand the drivers behind their scores, supporting more targeted engagement.
75%
participation in Oakley's 2026 employee survey
74%
average participation in portfolio employee surveys in 2025*
* 2025 statistics reflect the most recently available data, as published in Oakley's Responsible Investment Report 2025. Oakley's portfolio sustainability data is reported on an annual cycle.
Oakley's quarterly cybersecurity huddles continued through H1 2026, bringing together CTOs, CISOs and technology leaders from across the portfolio to share practical experience and strengthen collective resilience. Vantage, Oakley's portfolio-wide cybersecurity monitoring platform, continues to provide visibility of vulnerabilities and risk exposure. Oakley continued to support portfolio companies in strengthening their cybersecurity processes during the first half of the year.
91%
of portfolio companies were onboarded onto Vantage as at June 2026
64%
of portfolio companies achieved a low or very low cybersecurity risk score as at June 2026
Artificial intelligence
Artificial intelligence continued to grow in importance for Oakley and its portfolio companies across 2025 and into 2026, reshaping how organisations analyse information, make decisions and scale expertise. In the second half of 2025, Oakley established an AI Committee, bringing together stakeholders from across the business to provide cross-functional oversight. During H1 2026, the Committee's focus has extended to the development of an AI policy, the launch of Responsible AI training, and the development and implementation of tools and systems to support the responsible use of AI, alongside an assessment of AI adoption, practices and opportunities across portfolio companies.
Monitoring and knowledge sharing
Oakley's active stewardship approach is rooted in partnership with portfolio company management teams throughout the ownership period. In H1 2026, Oakley conducted its annual sustainability data collection and a series of in-person site visits with a selection of portfolio companies, providing an opportunity to review progress in context and align on priorities for the remainder of the year. This included continued support for cohort-specific projects, such as the structured supply chain programme launched in 2025, which Oakley extended in H1 2026 to additional portfolio companies, providing tools and guidance to support the development of company-specific supply chain frameworks.
Collaborative portfolio engagement and capability building remain a core part of how Oakley supports management teams. Oakley hosted its fourth annual International Women's Day breakfast in early 2026, and in May 2026 convened the second Oakley AI Forum to share insights on emerging AI developments with portfolio leaders. Oakley's annual Sustainability Forum, held in June 2026, focused on the practical implications of physical climate risk, decarbonisation pathways, supply chain resilience, and how to collect and use sustainability data meaningfully. Oakley also continued to support portfolio companies in navigating evolving sustainability regulation. In H1 2026, this included hosting a webinar on the requirements of the EU Pay Transparency Directive, helping management teams prepare for evolving obligations around pay reporting and gender pay gap disclosure.
For further detail on Oakley's sustainability programme and portfolio performance, please see Oakley's Responsible Investment Report 2025.