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Jade Invest

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

At the core of Jade Invest's investment philosophy is the aim to combine deep local expertise and access in China with international best practice in ESG, tax and regulatory compliance. Although China suffers from a disproportionately large number of issues in these areas compared with mature markets, the upside in backing private businesses that share our views on ESG is in our view substantial. Currently, only a small minority of private businesses in China take ESG into account but the direction is clear and as an investor, being ahead of the curve of sustainable secular trends is crucial. Our strategy incorporates ESG both at the screening stage and in port-investment portfolio management and monitoring. We apply a gradual implementation approach, starting with a focus on a small number of specific areas for improvement to build understanding and trust with management, and then accelerate our efforts into a wider scope. 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Jade Invest's Responsible Investment Guidlines ("RI Guidelines") are fully integrated into the firm's overall screening, due diligence and monitoring protocols and cover environment, corporate governance, labour rights, human rights as well as tax and regulatory compliance. In the pre-due diligence phase, Jade Invest conducts a top-level assessment of the potential target company to determine whether a) the the business model and industry are compatible with the RI guidelines, i.e. if it is deemed possible to reach a satisfactory level of compliance with adequate support and guidance. In the later stages of the underwriting process, a more detailed evaluation is being carried out as part of the overall risk assessment, along with an initial action plan focusing on areas of particular concern. 

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

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02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

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02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Alignment of interests with founders/management is our single most important tool for managing conflicts of interests in our portfolio. This is achieved through numerous different ways, including but not limited to 1) ensuring the founder retains a significant minority stake post-investment, 2) ensuring and validating that the founder/management is dedicated to the business (i.e. no significant outside interests) and 3) Management Incentive Programs (MIP), which may include an additional equity stake subject to certain performace targets at or before exit. Moreover, Jade Invest has put in place stringent rules regarding a range of conflict of interest issues, from outside interest and corruption to insider trading. These are included in Jade Invest's internal staff policy charter, which is signed by every member of the team.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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