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NORSAD FINANCE LIMITED

PRI reporting framework 2020

You are in Organisational Overview » Peering questions

Peering questions

OO LE 01. Breakdown of listed equity investments by passive and active strategies (Not Applicable)


OO LE 02. Reporting on strategies that are <10% of actively managed listed equities (Not Applicable)


OO FI 01. Breakdown of fixed income investments by passive and active strategies

FI 01.1. Provide a breakdown of your internally managed fixed income securities by active and passive strategies

Corporate (financial)
0 Passive
0 Active - quantitative (quant)
100 Active - fundamental and active - other
Total 100%
Corporate (non-financial)
0 Passive
0 Active - quantitative (quant)
100 Active - fundamental and active - other
Total 100%

FI 01.2. Additional information. [Optional]

Norsad recognizes that growth needs to be sustainable by impacting jobs (reducing poverty and unemployment), enabling diversification (reducing dependence on resources and commodities) and promoting economic and socio infrastructural effects. Norsad's goal is to impact growth and development.

Norsad achieves its objective through the provision of direct financing solutions on the debt spectrum on a bilateral basis, rather than buying securities on a market. As a debt investor, Norsad does not appoint management or design the value creation plan of the investee company. However, Norsad remains an active investor through the continuous engagement with the investee company over the life of an investment. Norsad has a post investment management department which monitors the investment for compliance with undertakings made at investment through direct client communication and also by visiting the investee companies periodically. Companies which have been identified to have high ESG issues are visited more frequently and, occasionally, with the assistance of a specialist ESG practitioner.

Depending on the stage of the investment (early stage vs growth) and the broad sector categorisation (Real vs Financial), Norsad can request an observer seat as a condition to extending a facility. The observer seat allows Norsad to closely monitor the investment to ensure compliance and inculcate a culture of good governance practices, which in turn underpins sustainable companies. Norsad imposes a contractual fee to the investee for non-compliance and adherence to stated sustainable practices which, if persists, can ultimately lead to contractual default and repayment of the Norsad facility. These requirement are incorporated in the legal credit facility agreement process.

 

 

 


OO FI 02. Reporting on strategies that are <10% of actively managed fixed income (Not Applicable)


OO FI 03. Fixed income breakdown by market and credit quality

Update: this indicator has changed from "Mandatory to report, voluntary to disclose" to "Mandatory". Your response to this indicator will be published in the Public Transparency Report. This change is to enable improved analysis and peering.

FI 03.3. Additional information. [Optional]

If you are invested in private debt and reporting on ratings is not relevant for you, please indicate below


OO SAM 01. Breakdown of externally managed investments by passive and active strategies (Not Applicable)


OO PE 01. Breakdown of private equity investments by strategy (Not Applicable)


OO PE 02. Typical level of ownership in private equity investments (Not Applicable)


OO PR 01. Breakdown of property investments (Not Applicable)


OO PR 02. Breakdown of property assets by management (Not Applicable)


OO PR 03. Largest property types (Not Applicable)


OO INF 01. Breakdown of infrastructure investments (Not Applicable)


OO INF 02. Breakdown of infrastructure assets by management (Not Applicable)


OO INF 03. Largest infrastructure sectors (Not Applicable)


OO HF 01. Breakdown of hedge funds investments by strategies (Not Applicable)


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