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Vantage Capital Fund Managers (Pty) Ltd

PRI reporting framework 2019

You are in Direct – Private Equity » Pre-investment (selection)

Pre-investment (selection)

PE 05. Incorporating ESG issues when selecting investments

05.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

05.2. Describe your organisation's approach to incorporating ESG issues in private equity investment selection.

Vantage believes that activities that are harmful to the environment and social development can affect the overall performance of projects. Vantage will use its reasonable commercial endeavours to adopt the following ESG policy to promote environmental and social protection and sustainable development in its investment activities:

  • All activities must be environmentally friendly and socially responsible.
  • All projects shall comply with national legislation and where applicable international environmental management conventions.
  • Financing investments only when they are expected to be designed, built, operated and maintained in a manner consistent with the Applicable Requirements (as defined below);
  • Using reasonable commercial endeavours to ensure that all projects are operated in compliance with the Applicable Requirements on an ongoing basis over the life of the investment period;
  • Ensuring transparency in its activities;
  • All projects must have respect for local communities and indigenous people.
  • Projects must develop standards that promote favourable working conditions and are not harmful to employee health and well-being. 
  • Where applicable, projects shall develop and implement environmental management systems and management plans in line with international best practice.
  • Investee companies are to conduct their businesses with integrity and are not to engage in corrupt or fraudulent practices.
  • Ensuring that the management and the shareholders of the investee companies’ understand the policy commitments made by Vantage in this area.

05.3. Additional information. [Optional]

PE 06. Types of ESG information considered in investment selection

06.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

06.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.

The relevant ESG information is submitted to the Invesment Committee in a report format.

PE 07. Encouraging improvements in investees (Private)

PE 08. ESG issues impact in selection process (Private)