GBL conducts into in-depth analysis of new investments notably under the ESG angle as part of GBL’s strategic investment criteria, with the aim to identify risks as well as opportunities.
In terms of ESG risk assessment, negative screening is conducted with the aim to exclude companies that do not comply with GBL’s responsible management philosophy, including its Code of Ethics and its ESG Statement. In this context, GBL will ascertain whether practices in relation to environmental, social and governance responsibility are consistent with international standards.
Positive screening of investment opportunities consists in taking into account ESG-related tailwinds forming part of GBL’s investment mandate.
Both screenings are based on due diligence work carried out by third party ESG specialists, as well as on research reports provided by independent tier 1 ESG-rating providers. Due diligence scope varies according to the business nature of the considered investment target and may include:
- from an environmental perspective: Resource efficiency, pollution prevention and management, ecosystems and biodiversity, climate change, environmental supplier and procurement standards, environmental product responsibility, etc;
- from a social and governance perspective: Labor rights and working conditions, human rights and livelihoods, social supplier and procurement standards, business ethics and governance, customer and product responsibility, etc.
GBL thus invests in companies that share its principles and commitment with regards to the imperative need to behave responsibly and ethically as well as serve the whole of the community.