Sustainable private sector development requires responsible business management of environmental and social (“E&S”) matters. The objectives of our approach to responsible investments in infrastructure are as follows:
• To minimise adverse impacts and enhance positive effects on the environment, communities and employees as relevant and appropriate, from the businesses in which capital is invested.
• To encourage the businesses in which Ashmore Colombia’s capital is invested to make efficient use of natural resources and to protect the environment wherever possible.
• To support the reduction of greenhouse gas emissions which contribute to climate change, within the businesses in which Ashmore Colombia’s capital is invested.
• To encourage the businesses in which Ashmore Colombia’s capital is invested to work within a defined timeframe towards full compliance with the International Labour Organization (“ILO”) Core Conventions, ILO Basic Terms and Conditions of Work and with the United Nations (“UN”) Universal Declaration of Human Rights and IFC Performance Standards.
• To operate professionally in a performance-oriented culture, be committed to continuous improvement with respect to management of the environmental, health and safety, and social matters and employ management systems which effectively address E&S risks and realise E&S opportunities as a fundamental part of a business’ value.
Ashmore’s Board of Directors has adopted corporate principles found in its Conduct Code and Good Corporate Governance Code. The Company has included policies in the Codes containing:
- Values and explicit guidelines of behaviour.
- Concrete patterns determined for the conflict of interest management, specifically including, among others, those regulating operations with economic attachments, in addition to those legally applicable.
- Mechanisms to avoid the use of privileged or reserved information.
- Bodies or competent offices in order to develop follow-up on the compliance with the code.
- Consequences of their violation, taking into account factors such as relapses, losses for the clients or the Company limits violations, among others.