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Ninety One

PRI reporting framework 2020

Export Public Responses

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PE 01. Description of approach to RI

01.1. Provide a brief overview of your organisation’s approach to responsible investment in private equity.

Ninety One  subscribes to the philosophy that responsible management of environmental, social and governance (ESG) issues can improve the commercial returns and mitigate risks that the company will face during the investment horizon and in the future. Ninety One  identifies, monitors and drives the management of ESG risks through its board participation and legal agreements. Opportunities are also identified for how the company can improve its operations [from an ESG perspective] and create additional value. The due diligence process is based on the IFC Performance Standard risk categorisation at all stages of the investment cycle. This process is managed by the applicable investment team, including a ESG team member. High risk transactions (Category A and B+) require a third party consultant to undertake the due diligence along with the Ninety One  team. A corrective action plan is established following the due diligence process, which improves the ESG performance over the investment period.

PE 02. Investment guidelines and RI

02.1. Indicate whether your organisation’s investment activities are guided by a responsible investment policy / follow responsible investment guidelines.

02.2. Describe how your organisation outlines expectations on staff and portfolio companies’ approach towards ESG issues in investment activities.

Ninety One  manages ESG risks and opportunities through a defined and transparent framework which integrates ESG considerations at all stages of the investment cycle. This process is managed by the applicable investment team, and a dedicated ESG team member. Depending on the risk category and the nature of the transaction, a third party consultant may be commissioned from time to time to provide appropriate support through site visit analysis and systems reviewing. All investments will be screened against all applicable environmental and social laws throughout the investment horizon. The policy also highlights an exclusion list which identifies the sectors and operations Ninety One  will not invest in.