PennantPark Floating Rate Capital LtdPennantPark Floating Rate Capital Ltd - ESG Rating & Company Profile powered by AI

Industry Group:Closed End Funds

The analysis of PennantPark Floating Rate Capital Ltd uses intelligence from across the web and also from public documents by PennantPark Floating Rate Capital Ltd. Scroll down to the end of this page for potential risks for PennantPark Floating Rate Capital Ltd based on industry, geography and marketcap. This article includes a Q&A section for PennantPark Floating Rate Capital Ltd.

PennantPark Floating Rate Capital Ltd in the Closed End Funds industry gained a UN SDG ESG Transparency Score of 1.8; made up of an environmental score of 0.0, social score of 2.7 and governance score of 2.7.

SDG Transparency Score for PennantPark Floating Rate Capital Ltd 

1.8

Low Impact
0 - 3
Medium
4 - 6
High
7 - 10
Last Score Update: 2024-05-01
What drives the score for PennantPark Floating Rate Capital Ltd 
0.0

Environmental

2.7

Social

2.7

Governance

Detailed ESG Breakdown
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Frequently Asked Questions

Does PennantPark Floating Rate Capital Ltd have an accelerator or VC vehicle to help deliver innovation?

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Does PennantPark Floating Rate Capital Ltd disclose current and historical energy intensity?

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Does PennantPark Floating Rate Capital Ltd report the average age of the workforce?

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Does PennantPark Floating Rate Capital Ltd reference operational or capital allocation in relation to climate change?

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Does PennantPark Floating Rate Capital Ltd disclose its ethnicity pay gap?

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Does PennantPark Floating Rate Capital Ltd disclose cybersecurity risks?

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Does PennantPark Floating Rate Capital Ltd offer flexible work?

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Does PennantPark Floating Rate Capital Ltd have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does PennantPark Floating Rate Capital Ltd disclose the number of employees in R&D functions?

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Does PennantPark Floating Rate Capital Ltd conduct supply chain audits?

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Does PennantPark Floating Rate Capital Ltd disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does PennantPark Floating Rate Capital Ltd conduct 360 degree staff reviews?

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Does PennantPark Floating Rate Capital Ltd disclose the individual responsible for D&I?

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Does PennantPark Floating Rate Capital Ltd disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does PennantPark Floating Rate Capital Ltd disclose current and / or historical scope 2 emissions?

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Does PennantPark Floating Rate Capital Ltd disclose water use targets?

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Does PennantPark Floating Rate Capital Ltd have careers partnerships with academic institutions?

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Did PennantPark Floating Rate Capital Ltd have a product recall in the last two years?

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Does PennantPark Floating Rate Capital Ltd disclose incidents of discrimination?

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Does PennantPark Floating Rate Capital Ltd allow for Work Councils/Collective Agreements to be formed?

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Has PennantPark Floating Rate Capital Ltd issued a profit warning in the past 24 months?

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Does PennantPark Floating Rate Capital Ltd disclose parental leave metrics?

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Does PennantPark Floating Rate Capital Ltd disclose climate scenario or pathway analysis?

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Does PennantPark Floating Rate Capital Ltd disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does PennantPark Floating Rate Capital Ltd disclose the pay ratio of women to men?

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Does PennantPark Floating Rate Capital Ltd support suppliers with sustainability related research and development?

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Does PennantPark Floating Rate Capital Ltd disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does PennantPark Floating Rate Capital Ltd reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is PennantPark Floating Rate Capital Ltd involved in embryonic stem cell research?

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Does PennantPark Floating Rate Capital Ltd disclose GHG and Air Emissions intensity?

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Does PennantPark Floating Rate Capital Ltd disclose its waste policy?

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Does PennantPark Floating Rate Capital Ltd report according to TCFD requirements?

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Does PennantPark Floating Rate Capital Ltd disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does PennantPark Floating Rate Capital Ltd disclose energy use targets?

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Does PennantPark Floating Rate Capital Ltd disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does PennantPark Floating Rate Capital Ltd have a policy relating to cyber security?

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Potential Risks for PennantPark Floating Rate Capital Ltd
These potential risks are based on the size, segment and geographies of the company.

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.

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