Global Partners integrates environmental, social and governance (ESG) risks into decision-making and investee engagement throughout the investment process. Each Fund has an exclusion list of harmful sectors that the Fund is prohibited from investing in. The Fund’s investment evaluation of investees includes an ESG risk assessment, leading to an ESG risk score according to the level of ESG risks. The ESG risk assessment, conducted during the due diligence phase, is customized according to the profile of the investee. If the ESG risk assessment leads to a high-risk categorization where ESG-related risks cannot be mitigated to a satisfactory extent, the investment will not proceed. If the ESG risks are considered low to medium, the results of the ESG due diligence are included in the Investment Memorandum presented to the Investment Committee whose investment decision is informed by the review of ESG factors. Where significant sustainability risks are identified as a result of the ESG due diligence of an investee but the level of risk remains overall low or medium, a clear ESG risk mitigation strategy may be requested as a prerequisite for investment, and regular updates related to the ESG risk mitigation strategy and/or ESG Action Plan as a reporting requirement. Mandatory incident reporting further facilitates our ESG risk management. Finally, our Fund’s engagement with investees, including on ESG matters, is an integral component of Bamboo’s investment cycle and contribution to positive development impact.