Bearing in mind that our existing investments were undertaken between 2007 and 2010, without specific ESG targets in place, the following statement reflects our investment policy for future investments.
Once ESG initiatives are mapped out and clear goals are set through the BP and the action plan, it is up to JBI and the invested firm’s Board to monitor progress against the plan, and make any necessary adjustments.
In order to achieve such goals, 3 layers of monitorig reports are developed and incorporated in the reporting processes:
* Executive-level reports: ESG KPIs must be present in the regular (monthly) reporting procedures of the company on a detailed basis.
* Board-level reports: Out of all ESG KPIs monitored by the company, emphasis should be put on those defined in the action plan and their progress must be reported in every Board meeting.
* LP-level reports: JBI will consolidate the ESG KPIs and key issues and present them quarterly in a summarized way so that LPs can monitor progress at the portfolio level.