We have always believed that the integration of environmental, social and governance principles contributes to risk mitigation and value creation in our portfolios, along with providing a positive impact to the planet and society. With that belief, we have developed a series of internal policies and procedures over the last years in order to ensure that our investments are aligned with best practices regarding ESG and the IFC performance standards and, whenever possible, contributing to the achievement of United Nations’ Sustainable Development Goals (“SDGs”).
Our ESG journey officially started in 2017, with the implementation of an Environmental, Social and Governance System. Since then, we have engaged in relevant global initiatives:
We signed the Principles for Responsible Investment – PRI, which gave us a better understanding on how our peers were developing their ESG strategies and integrating the issues related at each stage of the investment flow.
We became signatories of the Women’s Empowerment Principles – WEP, established by UN Global Compact and UN Women, the WEPs are informed by international labor and human rights standards and grounded in the recognition that businesses have a stake in, and a responsibility for, gender equality and women’s empowerment.
We became a supporter of the Task Force on Climate-related Financial Disclosures – TCFD, with the goal of improving the information available related to the risks and opportunities regarding climate change.
We published our first ESG Report, we became a signatory of the UN Global Compact, the largest corporate sustainability initiative, bringing together companies’ operations and principles on human rights, labor, environment and anti-corruption, we qualified to the 2X Challenge – Financing for Women, an international initiative which seeks to increase qualitatively women opportunities for employment and as entrepreneurs, and we signed a commitment with IPC – Investidores pelo Clima, supported by the Institute for Climate and Society, aiming to raise awareness among the financial and capital market agents about the impacts, risks and opportunities related to the climate changes.
We published our second ESG Report and became a signatory of the Pacto Empresarial pela Integridade e Contra a Corrupção, an initiative that establishes a commitment among its participants to disseminate Brazilian anti-corruption legislation at all levels of the organization, in addition to working towards legality and transparency of information.
We became certified by the Women on Board, an independent initiative that promotes corporate environments in which women are part of the board of directors or at advisory councils, certifying companies with at least two women on boards. Also, we have started to apply SASB methodology and elements of the Integrated Reporting Framework in the third edition of our annual ESG Report.
The positive impact and value creation we have seen so far in our portfolio companies gives us an exciting glimpse into what is yet to come out of our ESG journey.
In our ESG Annual Reports, providing not only an overview of how we have been integrating ESG principles within our decision-making processes, but also on how some relevant of portfolio companies are managing their main risks and opportunities.
2023