Pre-investment we commit to integrate ESG and ethical issues into our due diligence process by developing investment analysis criteria including an identification of the ESG risks and opportunities and any related financial impacts. We also adopt, based on our values and principles and those of our Limited Partners, an ESG-related exclusion policy with regard to certain industries; currently we will not invest in the armament and tobacco industries. In addition, we ensure through legal documentation that portfolio companies disclose any non-compliance with ESG-related laws and regulations of which they are aware and adopt appropriate external standards or codes.
Post-investment we engage with our investee companies and establish appropriate ESG policies and practices consistent with our RI policy, initially through the 100 day plan particularly where there is serious regulatory non-compliance that constitutes a significant immediate business risk. We expect all our investments to respond to a minimum set of ESG-related questions as part of the due diligence process. We assign accountability for ESG responsibilities to senior managers at the portfolio company who are responsible for compliance with those principles and must report at Board level monthly. We continue to monitor ESG issues in portfolio companies to provide any updates and report on whether any new significant or material issue have arisen and to encourage the managers of investee businesses to achieve continuous improvements in those areas. In this regard, we assist portfolio companies in maintaining awareness of trends in consumer and investor preferences, regulation, technology and environmental thinking.
We have also historically commissioned high level reviews of investments from Ethical Investment Research Services (EIRIS) Limited, an independent global provider of research and consultancy into ESG and ethical performance of companies. EIRIS identified the key ESG issues which relate to the investments and consulted with the investment team and management on how risks and opportunities are being identified and managed.