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Musa Group (Pty) Ltd (Delisted)

PRI reporting framework 2020

You are in Direct – Private Equity » Pre-investment (selection)

Pre-investment (selection)

PE 05. Incorporating ESG issues when selecting investments

05.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

05.2. Describe your organisation`s approach to incorporating ESG issues in private equity investment selection.

Pre-Investment Screening

An initial high level ESG fatal flaw analysis[1];

Screening against the WB/IFC Exclusion List; and

Assign an initial project risk categorization A, B or C according to the IFC Project Risk Categorisation Criteria and provide the rationale for this categorization[2].

[1] A Fatal Flaw is deemed to be:

A foreseeable material breach of legislation, of the Musa ESG Policy and/or IFC Performance Standards; and which
Cannot be mitigated reasonably and/or cost-effectively as required by the Fund (i.e. through a Condition Precedent); or which poses
A significant reputational risk in national or local media.

[2] Category A: Business activities with potential significant adverse environmental or social risks and/or impacts that are diverse, irreversible, or unprecedented.

Category B: Business activities with potential limited adverse environmental or social risks and/or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures.

Category C: Business activities with minimal or no adverse environmental or social risks and/or impacts.

 

An initial high level ESG fatal flaw analysis[1];

Screening against the WB/IFC Exclusion List; and

Assign an initial project risk categorization A, B or C according to the IFC Project Risk Categorisation Criteria and provide the rationale for this categorization[2].

 

05.3. Additional information. [Optional]


PE 06. Types of ESG information considered in investment selection

06.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

06.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.

Musa acknowledge that the above-mentioned ESG screening will be based on very limited information at this stage of the investment process.  The ESG screening will therefore also take into consideration typical risks and impacts associated with the applicable sector or industry.


PE 07. Encouraging improvements in investees (Private)


PE 08. ESG issues impact in selection process (Private)


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