Public HTML RI reports - PRI reporting framework 2020

Luxembourg Microfinance and Development Fund

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18]

Direct - Inclusive Finance

Context [IFD 01 - 06] PIIF Principle 1: Range of services [IFD 07 - 10] PIIF Principle 3: Fair treatment [IFD 14 - 17] PIIF Principle 4: Responsible investment [IFD 18 - 24] PIIF Principle 5: Transparency [IFD 25 - 27] PIIF Principle 6: Balanced returns [IFD 28 - 31] PIIF Principle 7: Standards [IFD 32 - 34]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

You are in Direct - Inclusive Finance » PIIF Principle 2: Client protection

PIIF Principle 2: Client protection

IFD 11. Public endorsement of the Client Protection Principles

Possible action:

Publicly endorse the Client Protection Principles (CPP).

11.1. Indicate if you have publicly endorsed the Client Protection Principles.

Yes

11.2. Additional information. [Optional]

IFD 12. Provide training and assistance for investees implementing the Client Protection Principles (Private)

IFD 13. Include the Client Protection Principles in investment policies

13.1. Indicate if you include the Client Protection Principles and/or other client protection measures in your investment policies.

Yes

13.2. Indicate if this is systematically applied.

During due diligence

Yes

In covenants in loan agreements and/or in financing or shareholder agreements

Yes

13.3. Indicate if you encourage investees to apply for Client Protection Certification. [Optional]

Yes

13.4. Additional information. [Optional]

The ALINUS survey is incorporated into every due diligence mission. This includes a substantial focus on client protection. This is then reviewed and its performance benchmarked against the ALINUS benchmark and the rest of LMDF's portfolio. Based on this and other findings during due diligence, the Fund may also include other CP measures in its covenants or recommend TA. All institutions have a social covenant in the loan agreement, but whether this focuses on CP or other areas depends on the needs of the institution.

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