Our vision is to be recognised as a leading international investor based on the value we add to our portfolio, the returns we deliver to our investors and our responsible approach to investing.
We believe that companies with high environmental, social and governance standards ("ESG") are typically better run, have fewer business risks and ultimately deliver better value.
We are signatories to the UN Principles for Responsible Investing (“RI”) and have embedded RI policies and procedures in our investment and in our portfolio company review processes.
The Board, through both its Brand and Values Committee and its Audit and Compliance Committee, receives regular updates on our Responsible Investing policy and procedure, and compliance with it, as well as broader reputational risks arising from our investment activities.
Our RI policy makes it clear that we aim to use our influence as an investor to promote a commitment in our portfolio companies to:
- Comply, as a minimum, with applicable local and international laws;
- Mitigate adverse environmental and social impacts and enhance positive effects on the environment, workers and relevant stakeholders; and
- Uphold high standards of business integrity and good corporate governance.
The main features of the RI policy include:
- Clear statements of our commitments to mitigate adverse environmental and social impacts and uphold high standards of business integrity and good corporate governance;
- An exclusion list of businesses and activities in which we will not invest;
- A referral list of activities that we may invest in but which may be sensitive and require additional scrutiny; and
- A set of minimum ESG standards that we will seek to implement during the period of our investment.
The RI policy is underpinned by:
- A set of updated RI procedures that complement our investment processes and ensure that they are consistently applied across all of our investment activities;
- An online toolkit that provides screening and risk assessment tools for ESG risks, including anti-bribery and corruption risks;
- A series of guidance notes for investment teams, covering key issues and sectors, with links to case studies, international norms and standards and information about specific emerging markets;
- A list of preferred ESG due diligence suppliers; and
- A “one-stop shop” RI portal that provides access for staff to all these resources.