Musa has identified an appropriate ESG strategy to achieve the requisite balance between environmental and social impact and commercial returns as established by our ESG Philosophy stated above. Starting at the initial stages of the investment process, Musa will look to apply the below mentioned principles to its portfolio companies and their operational activities. Post-investment, Musa will continue to monitor progress on ESG matters and compliance by portfolio companies to our ESG framework and policy guidelines. This framework and policy guidelines will be formulated with the following objectives:
· To adhere to the UNPRI, and the IFC Performance Standards;
· To integrate ESG into our investment management framework through our published ESG management system;
· To partner with appropriate ESG experts to provide independent guidance on best international practice relating to ESG matters;
· To conduct ESG Due Diligence (ESG DD) assessments of all potential investment opportunities to requisite specifications, as required;
· To undertake our activities in line with applicable international standards and industry good practice such as the World Bank Environmental, Health and Safety Guidelines;
· To meet the requirements of applicable National, Provincial and Local legislation wherever our funds will be invested and/or its portfolio companies operate;
· To foster value-driven ethical behaviour, informed by respect for human rights;
· To ensure that negative ESG impacts are avoided or reduced as far as practicable;
· To communicate and work closely with Portfolio Companies to ensure management and employees’ understanding and shared commitment to conformance with this policy;
· To implement reasonable precautions to protect the health and safety of Portfolio Company employees and any external parties such as affected communities; and
· To implement responsible practices to ensure that good governance will enhance and maintain the reputation of the Fund at all times.