Key elements of the responsible investment policy include:
1. Identification and management of material ESG risks in partnership with the target company
2. Impact identification, mitigation and management throughout the lifetime of the investment
3. Embedding of legally binding responsible business principles (E, S and G) into the financial instrument to provide real weight
4. Agreement of a binding ESG action plan - for a defined period - and to be reviewed annually by all parties and the fund's ESG Committee
5. Identification of, and resourcing, of appropriate professionals within the fund and in each portfolio company to meet the obligations setout in items 1-4.
6. Formal accountability for operational exposure and incidents by the target company
7. A formal Board committee (the ESG Committee) to monitor, manage and provide professional practioner input into the fund and target company progress/performance
8. Incorporation of ESG inputs throughout all investment stages, as setout in the Social and Environmental Management System (SEMS) of the fund
The Company shall not make Investments in any Investee Company that engages in any of the following activities (the “Excluded Activities”):
a) Production or trade in any product or activity deemed illegal under host country laws or
regulations or international conventions and agreements, or subject to international
bans, such as pharmaceuticals, pesticides/herbicides, ozone depleting substances and
polychlorinated biphenyls, and bans pursuant to the Convention on International Trade
in Endangered Species of Wild Fauna and Flora.
b) Production or trade in weapons and munitions.
c) Production or trade in tobacco.
d) Gambling, casinos and equivalent enterprises.
e) Production of or trade in radioactive materials save for the purchase of medical
equipment, quality control (measurement) equipment and any equipment where the
Special Subcommittee considers the radioactive source to be trivial and/or adequately
f) Production of or trade in unbounded asbestos fibers save for the purchase and use of
bonded asbestos cement sheeting where the asbestos content is less than twenty (20%).
g) Drift net fishing in the marine environment using nets in excess of 2.5 km. in length.
h) Production or activities involving Forced Labor or Harmful Child Labor.
i) Commercial logging operations for use in primary tropical moist forest.
j) Production or trade in wood or other forestry products other than from sustainably