Minimum requirement is full compliance with:
- Local law, regulation, and direction by agencies and competent/legal authorities
- Permit conditions
- Relevant international, Canadian and US law (for example related to transparency and corruption)
We will require, as appropriate for the jurisdiction and circumstances, substantial compliance (or an agreed compliance timetable) by investee business with one or more internationally recognized standards or conduct codes such as
- The IFC performance standards
- ICMM codes and standards
- UN Global Compact
- PMI standards for governance of project management
We will require a best practice approach to the generally accepted definitions of social license, corporate citizenship, social responsibility, human rights, environmental stewardship and sustainability
We expect best practice governance systems and controls, corporate transparency, and properly organized hierarchical systems allowing controls to cascade into the management of the business or operation