The policy covers 100% of our AuM. Jaime Cardoso, the Co-CEO approved the policy. The policy is updated and improved in an biannual basis. The current version has come into force in 2017. Currently, our policy is under review and the new version will bring new elements to reflect improvements in our Environmental and Social Management System.
Our E&S Policy details the procedures that will be adopted when assessing a new potential investee. First of all, investments are screened using the Exclusion list. During the negotiation of the deal, we conduct environmental and social due diligences in order assess companies’ ESMS. After that, we develop a corrective action plan to improve E&S practices across investee companies, based primarily on the IFC Performance Standards.