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Maj Invest

PRI reporting framework 2020

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You are in Direct - Inclusive Finance » PIIF Principle 4: Responsible investment

PIIF Principle 4: Responsible investment

IFD 18. Tools for social performance reporting

Possible action:

Negotiate terms and conditions that are transparent, fair and reasonable, including fair break-up clauses.

18.1. Indicate if you use the following tools for social performance reporting:

Externally developed tools

During due diligence.

For monitoring and reporting purposes.

Describe the approaches used and frequency of use.

We use Cerise Alinus Tool in our due diligence. 


 

In-house tools based on externally developed tools

During due diligence.

For monitoring and reporting purposes.

Describe the approaches used and frequency of use.

We have selected a series of indicators based on international standards and tools such as the Smart Campaign, IRIS and the Universal Standards for Social Performance Management. Each year we report on these indicators to our investors in an ESG impact report. The report is published on our website. 

https://majinvest.com/en/equity-international/financial-inclusion/

Tools developed solely in-house

During due diligence.

For monitoring and reporting purposes.

Describe the approaches used and frequency of use.

18.2. Additional information. [Optional]


IFD 19. Retail institutions have independent financial/social rating and/or social audit

19.1. Indicate if you require the retail institutions in which you invest to have an independent financial rating.

19.2. Indicate if you require the retail institutions in which you invest to have an independent social rating.

19.3. Indicate if you require the retail institutions in which you invest to have an independent social audit.

19.4. Additional information. [Optional]

In relation to IFD 19.2, we always encourage portfolio companies to take necessary steps to become Smart Campaign certified and get a social performance rating if they do not at the time of investment.  


IFD 20. Due diligence on and monitoring and reporting of corporate governance among investees

Possible action:

Assist in developing appropriate references for corporate governance issues.

20.1. In relation to your due diligence on and monitoring and reporting of corporate governance among investees, indicate if you assess:

Compensation of the Board of Directors and Executive Directors (i.e. its transparency, the use of benchmarking)

Pre-investment

Post-investment

Describe what you look at and, if post-investment, the frequency of assessment. [Optional]

    

Composition of the Board (i.e. breadth and depth of experience, effective client representation, diversity)

Pre-investment

Post-investment

Describe what you look at and, if post-investment, the frequency of assessment. [Optional]

    

Whether the Board receives social performance management-related information from the management team that is analysed and contributes to Board decision making.

Pre-investment

Post-investment

Describe what you look at and, if post-investment, the frequency of assessment. [Optional]

20.2. Additional information. [Optional]


IFD 21. Training or assistance for investees on corporate governance

Possible action:

Assist in developing appropriate references for corporate governance issues.

21.1. Indicate if you provide training or assistance for your investees on corporate governance.

21.2. Additional information.

Through our board position and industry knowledge we assist the portfolio companies with professionalizing and improving their corporate governance. 


IFD 22. Percentage of investees where board seats are held

Possible action:

Assist in developing appropriate references for corporate governance issues.

22.1. In relation to your direct portfolio in equity (as reported in IFD 04), indicate what percentage of investees you either have board seats with, or with which have selected a board member:

22.2. Indicate how frequently you participate in meetings.

22.3. For those equity investments where you do not hold board seats, indicate how you attain or maintain influence.

          Our investment strategy is to have a board seat. If this is not possible, we require an observation position in the board.
        

22.4. Additional information.


IFD 23. Procedure to integrate environmental issues in investment decision processes

Possible action:

Assist in developing appropriate references for environmental issues.

23.1. Indicate if you have a procedure to integrate the consideration of environmental issues in your investment decision processes.

23.4. Indicate if you request your investees to comply with an environmental exclusion list.

23.5. Additional information. [Optional]

We request our portfolio companies to not invest in companies set out in IFC's Exclusion List. 


IFD 24. Anti-corruption and whistle-blowing policies (Private)


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