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Leapfrog Investments

PRI reporting framework 2019

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.

LeapFrog uses the FMO E&S Risk Toolkit to attribute a High, Medium, or Low risk categorization to our investments in early screening stages. LeapFrog also employs the Global Impact Investing Rating System (GIIRS) to assess company performance annually and SMART campaign client protection principles to assess risk in credit. 


 

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.

LeapFrog tracks and drives profit-with-purpose performance through its in-house measurement framework, FIIRM.  FIIRM (Financial, Impact, Innovation and Risk Management) is an integrated measurement framework tailored to financial services, developed by LeapFrog’s core team of insurance experts with over 190 years collective experience in emerging markets.  The framework is a mix of financial and operational KPIs, and governance indices that incorporate global best practice standards.  FIIRM is used to assess performance during due diligence, and to monitor and drive performance throughout the investment.

18.2. Additional information. [Optional]


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]


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]

    

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]

    

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]

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 (Private)


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.

23.2. Describe how your procedure to integrate the consideration of environmental issues in your investment decisions processes affect decisions pre-investment. [Optional]

23.3. Describe how your procedure to integrate the consideration of environmental issues in your investment decisions processes affect decisions post- investment. [Optional]

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

23.5. Additional information. [Optional]


IFD 24. Anti-corruption and whistle-blowing policies

Possible action:

Promote implementation of anti-corruption practices.

24.1. Indicate if you have anti-corruption policies.

24.2. Indicate if you have internal whistle-blowing policies.

24.3. Indicate if you review whether your investees have anti-corruption policies as part of your due diligence process.

24.4. Indicate if you review whether your investees have internal whistle-blowing policies as part of your due diligence process.

24.5. Additional information.

LeapFrog has developed a compliance manual and the Responsible Investment Code which outlines the anti-corruption and whistle blowing policies the Funds subscribe to. These documents are published internally and accessible to LeapFrog employees and teams. 


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