Impact management is at the core of what we do and is deployed all along the lifecycle of our investments. 

Pre-Investment:

Prior to investing in a company, we check that the potential investment is aligned with GP impact thesis to serve low- and middle-income populations in emerging and frontier markets, and with the specific impact thesis of the Fund. We also ensure compliance with our exclusion list. During the due diligence phase, we conduct an ESG risk assessment and further analyses on the expected impact of the company. Where ESG-related risks cannot be mitigated to a satisfactory extent, the investment will not proceed. The analysis on the potential development impact of the investment (positive impact generated), as well as the ESG risk assessment (risk of negative impacts), are both discussed in the Investment Committee and form part of the investment decision.

Investment:

Upon approval and during the discussion on the terms of the investments, we define with the investee company the selected impact indicators which will be reported and monitored during the holding period. If some significant ESG risks have been identified during the ESG due diligence, we may include conditions in the investment requesting an ESG risk mitigation strategy as a prerequisite for investment, and regular updates related to the ESG risk mitigation strategy and/or ESG Action Plan as a reporting requirement.

Holding period:

During the holding period, we monitor the impact data reported by our investee company at the agreed frequency, as well as information on specific ESG risks if any. As an equity investor, we purport to sit on the board of our investees, overseeing and contributing to social performance and impact issues alongside financial matters.

Divestment:

We seek to divest to trustworthy investors who will allow and enable the companies to pursue their missions and visions. We also aim for organized, simple, fair and transparent divestment processes.