This is part of the underlying MIIs’ due diligence processes when we invest in fair agriculture or access to energy.
We look at ESG factors on our investments, but when it comes to fair agriculture or access to energy this is all the more important.
When we invested in Greenlight planet, a provider of portable solar electric devices in off grid regions in Africa & India, for example, we focused on the fact it was replacing toxic gasoline portable devices that are emit more CO2 as well as toxic fumes and are highly flammable.
We also invested in REC Electricity bonds, an Indian government agency, providing electricity to rural populations. The bond is a green bond, with the proceeds exclusively dedicated to green projects.