Environmental, Social and Governance (“ESG”)
Creating Value through ESG Best Practices
Takura’s investment process is underpinned by a rigorous Environmental, Social and Corporate Governance Management System (“ESGMS”). The ESGMS is applied to all potential portfolio companies.
The main objectives of the procedures are to:
- Identify and assess ESG risks and opportunities associated with a potential portfolio company’s activities and its sphere of influence;
- Promote improved ESG performance of portfolio companies during the period of the investment; and
- Avoid, or where avoidance is not possible, minimise risks. Where residual impacts remain, compensate/offset for risks and impacts to workers, affected communities and the environment.
ESGMS procedures ensure that Takura’s Code of Responsible Investing and associated policies are implemented. Portfolio companies are required to fully comply with applicable ESG regulations, as stipulated by national law, as well as the International Labour Organisation’s fundamental principles and rights at work. Furthermore, portfolio companies are expected to comply, over a reasonable and agreed timeframe, with the International Finance Corporation’s Performance Standards for high risk companies and all relevant risks, and adopt good corporate governance and business integrity practices.
Takura is committed to complying with all applicable laws wherever we operate. It is a core aspect of our mission that we act with integrity in all our operations. We will not pay nor procure the payment of a bribe or unlawful fee to encourage the proper performance of a task or one that is intended or likely to compromise the integrity of another. We will not accept any payment, gift or inducement from a third party, which is intended to compromise our own integrity.