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Maj Invest

PRI reporting framework 2020

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Context

IFD 01. Mission and investment objective

01.1. Indicate if you have a distinct mission and investment objective for your investment in inclusive finance.

01.2. Describe your inclusive finance mission and investment objective.

The funds investing in inclusive finance invest in well-established microfinance institutions with a strong social mission and with the operational infrastructure and management skills to become a commercial, regulated bank and benefit from a growing industry through organic growth or consolidation. It is crucial for the funds that the portfolio companies adhere to internationally recognised social impact standards, and client protection principles, have policies that protect clients from overindebtedness and guarantee reasonable pricing. In addition, the environmental aspect in relation to climate change adaptation and mitigation measures is included in the funds' impact development of the companies. 

01.3. Additional information.


IFD 02. Governance, management structures and processes

02.1. Provide a brief description of the governance and management structures and processes you have in place for your responsible investment activities and implementation of the PIIF.

Our investment strategies including responsible investment policies outline our responsibilities and approach to responsible investment. The policies are based on the principles of the PIIF and other international standards and guidelines. We have a board position in the majority of companies which ensures that we have a close collaboration with our portfolio companies on, among other things, responsible investment activities. We monitor the governance of the companies through this board position, participation in audit committees and similar, reviewing of documents and dialogue with the companies in close collaboration with other shareholders. 


IFD 03. Social targets (Private)


IFD 04. Percentage in equity, debt and guarantees (Private)


IFD 05. Percentage in microfinance and/or SME finance

05.1. Of your total assets invested directly in inclusive finance, indicate what percentage is invested in the following:

Microfinance

SME finance (provide your definition of SME)

          Funding for small and medium enterprises to meet its working capital needs.
        

Other, specify

          
        
Total100%

05.2. Additional information. [Optional]


IFD 06. Geographical spread of microfinance investments (Private)


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