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KJK Management SA

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

INVESTMENT CRITERIA

  • Promotion of transparency and best practices (Environmental, Social, Governance). Potential for additional financial returns by improving existing company governance and other ESG related matters.
  • Realistic prospect of significant rate of return -  entry at deep value. Growth potential of target company´s cash flows and earnings. Scalability of operations through organic growth, add on acquisitions domestically or cross border. Focus on consolidation opportunities.
  • Possibility to increase shareholder value through active involvement at board level and co-operating with management and other major shareholders.
  • Preference for companies creating constant free cash flow and paying high dividends. Use of shareholder agreements to protect our rights with particular focus on exit rights.

SECTORS

  • Industrials – focus on export oriented companies.
  • Agribusiness
  • Other - retail, financials, private healthcare

RESPONSIBLE INVESTMENT POLICY

  • We follow ESG principles.
  • Responsibility towards Society and Environment
  • Effective and efficient Corporate Governance.

 

 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

KJK aims to promote  environmental awareness and sound environmental practices in the portfolio companies that it owns or in which it has an interest, including:
• Limiting the emissions of harmful substances and harmful waste
• If not in compliance at KJK entry, seeking appropriate permissions for dealing with hazardous materials
• If not in compliance at KJK entry, complying with current environmental law and regulations
• Monitoring other environmental issues
• Supporting value creation potential from developing the company as environmentally sound
• Considering employee working conditions such as minimum wages, working hours, health and safety of work force
• Supporting the elimination of child labor including possible use of child labor by the suppliers to underlying portfolio companies
• Promoting employees’ right to collective bargaining
• Avoiding discrimination e.g., based on age, race, gender, religion, sexual orientation or disability
• Complying with international conventions on human rights
• Promoting awareness and compliance with relevant laws and regulations
• Prohibiting corruption and unethical business practices
• Seeking positive involvement with stakeholders and community

The board of directors of each portfolio company is responsible for defining strategy and policy, and KJK expects their role to include the setting of sound environmental, labour & human rights and ethical standards.

Each company’s CEO and management team are responsible for executing strategy and running the daily operations of the company according to the policies established by the board. KJK supports management to promote a culture of compliance with the KJK RI Policy by providing best practice information and tools.

 

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

The Company has implemented procedures preventing or managing situations where conflicts of interests may arise. The Company will identify, manage and disclose such conflicts of interest, in accordance with the applicable regulatory framework and in the Fund's best interests. Accordingly, Relevant Persons undertake to act honestly, fairly, with due skill care and diligence in the best interests of the Funds and their investors, while providing the required expertise, acting with integrity, accuracy and diligence. Such Relevant Persons are bound, by a certain number of obligations of diligence, loyalty and disclosure when performing transactions involving the assets of the AIFs or when acting on markets or investment areas where the AIFs can be involved.

The Policy’s main steps are:

-Identifying situations where (potential) conflicts of interests may arise, entailing a material risk of damage to the AIF’s interests;

-Describing appropriate procedures, mechanisms and systems to manage those conflicts;

-Maintaining procedures and systems designed to prevent actual damage to the customer’s and investors’ interests through any identified conflicts;

-Maintaining records of such conflicts of interest (including potential conflicts of interests).

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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