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Lombard Odier

PRI reporting framework 2017

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You are in Direct - Inclusive Finance » PIIF Principle 4: Responsible investment

PIIF Principle 4: Responsible investment

IFD 18. Tools for social performance reporting

Possible action:

Negotiate terms and conditions that are transparent, fair and reasonable, including fair break-up clauses.

18.1. Indicate if you use the following tools for social performance reporting:

Externally developed tools

During due diligence.

For monitoring and reporting purposes.

Describe the approaches used and frequency of use.

We adapt to the social performance tools that have been developped by the fund managers we are working with. A minority are using GIIRS, most of them have designed their proprietary social assessment tools.

 
 

In-house tools based on externally developed tools

During due diligence.

For monitoring and reporting purposes.

Describe the approaches used and frequency of use.

Tools developed solely in-house

During due diligence.

For monitoring and reporting purposes.

Describe the approaches used and frequency of use.

We have designed our own methodology that is organised around four levels :

- Industry level : to what extent our fund of funds has helped to consolidate the industry and therefore indirectly contributed to expanding and strengthening social impact 

- Consolidated portfolio : number and type of microentrepreneurs, loan size and type, etc.

-  Individual fund managers we work with : they are rated according to 5 dimensions (value alignment, social outreach, social impact integration, social impact measurement and social impact management.

- Portfolio companies : we use case studies, on-site visit for a selected number of companies.

18.2. Additional information. [Optional]

Last but not least, we share this information with our external fund managers so that they can compare what they do with their peers and constantlwy improve their own social performance.


IFD 19. Retail institutions have independent financial/social rating and/or social audit

19.1. Indicate if you require the retail institutions in which you invest to have an independent financial rating.

19.2. Indicate if you require the retail institutions in which you invest to have an independent social rating.

19.3. Indicate if you require the retail institutions in which you invest to have an independent social audit.

19.4. Additional information. [Optional]

These three elements are done by the fund managers we work with. If the institutions already has independent financial or social audit report, then they will use them as a complement to their own analysis. 


IFD 20. Due diligence on and monitoring and reporting of corporate governance among investees

Possible action:

Assist in developing appropriate references for corporate governance issues.

20.1. In relation to your due diligence on and monitoring and reporting of corporate governance among investees, indicate if you assess:

Compensation of the Board of Directors and Executive Directors (i.e. its transparency, the use of benchmarking)

Pre-investment

Post-investment

Describe what you look at and, if post-investment, the frequency of assessment. [Optional]

This work is done by most of the fund managers we work with.

    

Composition of the Board (i.e. breadth and depth of experience, effective client representation, diversity)

Pre-investment

Post-investment

Describe what you look at and, if post-investment, the frequency of assessment. [Optional]

Same as above

    

Whether the Board receives social performance management-related information from the management team that is analysed and contributes to Board decision making.

Pre-investment

Post-investment

Describe what you look at and, if post-investment, the frequency of assessment. [Optional]

Same as above

20.2. Additional information. [Optional]


IFD 21. Training or assistance for investees on corporate governance (Private)


IFD 22. Percentage of investees where board seats are held (Not Applicable)


IFD 23. Procedure to integrate environmental issues in investment decision processes

Possible action:

Assist in developing appropriate references for environmental issues.

23.1. Indicate if you have a procedure to integrate the consideration of environmental issues in your investment decision processes.

23.4. Indicate if you request your investees to comply with an environmental exclusion list.

23.5. Additional information. [Optional]

This is done only by some of the fund managers we are working with


IFD 24. Anti-corruption and whistle-blowing policies (Private)


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