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NORSAD FINANCE LIMITED

PRI reporting framework 2019

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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.

The principal objective of the Company is to contribute to private sector development of Southern African Countries, by way of availing funding, to enterprises that are financially, socially and environmentally sustainable and which create jobs with decent working conditions, adopt good governance practices, and overall assist economic growth and poverty alleviation in Southern African Countries.

All investee companies and FSPs shall comply or commit to comply within an agreed timeframe with the sustainability criteria outlined in the Social and Environmental (S&E) Sustainability Policy of Norsad.

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]

Prerequisite for Norsad financing is that the client complies with local environmental and social laws. Norsad shall require investee companies to apply the following international principles and standards when applicable:
 Legal and regulatory requirements in the countries where they operate
 IFC Performance Standards1 (+ accompanying Guidance Documents) appropriate to the size and nature of the business. IFC Good Practice Note on HIV/AIDS in the
Workplace and other IFC Good Practice Notes where relevant,
 IFC Interpretation Note on Financial Intermediaries2
 The World Bank Group Environmental, Health and Safety Guidelines2 (EHS
 Guidelines),
 ILO Core Conventions and recommendations2 and ILO’s Basic Terms and Conditions of Employment 3
 EDFI Principles for Responsible Financing4
 UN Guiding Principles on Business and Human Rights6
 Any relevant sector sustainability Guideline or Directive

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.

URL/Attachment

URL http://www.norsadfinance.com/policies

URL/Attachment

URL http://www.norsadfinance.com/policies

URL/Attachment

URL http://www.norsadfinance.com/policies

URL/Attachment

URL http://www.norsadfinance.com/policies

URL/Attachment

URL http://www.norsadfinance.com/policies

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

URL/Attachment

URL http://www.norsadfinance.com/policies

URL/Attachment

URL http://www.norsadfinance.com/policies

URL/Attachment

URL http://www.norsadfinance.com/policies

URL/Attachment

URL http://www.norsadfinance.com/policies

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.

This is outlined in the Norsad anti-corruption and anti bribery policy. It states company officials must avoid relationships with clients, prospective clients, financing partners or other entities with whom Norsad has formal agreements which might jeopardise Norsad’s interests or which might be of personal economic benefit to the company official or a related party. This includes restraint from involvement in matters in which conflict of interest might occur and influencing preparations and decision-making in such matters.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)

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