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Leapfrog Investments

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

LeapFrog Investments seeks to make minority and majority growth investments in companies operating in Africa and South and Southeast Asia that provide relevant, affordable and high-quality financial and healthcare products and services to emerging consumers. With a focus on the emerging consumer and with integrated financial and social goals, LeapFrog continues to invest in the rise of a new emerging consumer class, who are the nearly 4 billion low-income people globally earning between USD 2 and USD 10 per person per day. In making fund investments, LeapFrog is guided by 2 overarching objectives based on our profit-with-purpose model: achieving top quartlile financial returns and fulfilling the declared social targets of the fund. For Fund I the declared goal was reaching 25 million emerging consumers and households, followed by Fund II's goal of reaching a combined 50 million low income people across Africa and Asia.

All ESG factors and real economy impact are outlined in the form of policies in LeapFrog’s Responsible Investment Code (RIC). The RIC is formally adopted (in shareholder agreements) by all portfolio companies. The RIC requires a dedication to improving environmental outcomes where possible and adherence to an exclusion list promoting conservation and long term sustainability.

 

 

 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

The governance documents of LeapFrog funds contain clear rules for allocating opportunities between the funds as well as with future funds, typically by giving preference to the older fund.  Written conflict of interest policies guard against any improper dealings with members of the LeapFrog team.  Team members are also required periodically to disclose any investment interests they hold in companies with which LeapFrog has significant business relationships.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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