We are committed to integrating ESG frameworks into our investment approach and engagement with portfolio companies to deliver long-term value for our stakeholders.
While we examine ESG parameters when first investing in a company, we engage deeper with our portfolio companies during the course of our investment cycle. We believe that attention to ESG principles reduces overall risk, as it demands closer attention to regulatory detail, environmental impact and social responsibility.
It also enhances brand value by shaping companies with an eye for a more ethical and better future, thus creating greater value for stakeholders. Our commitment is to increase awareness on the importance of ESG principles, with a view to securing the future and growth of the companies. We encourage our portfolio companies to manage risks responsibly and to go beyond regulatory requirements.
Multiples has adopted a comprehensive Environment and Social Management Systems Policy. Primarily it will use the Code of Responsible Investing, and will ensure that all investments are reviewed and evaluated against the requirements of the following standards:
Applicable local, national and international environmental and social (including occupational health and safety) legislation and conventions;
IFC Performance standards, 2012;
IFC/World Bank EHS General and relevant Sector-Specific Guidelines as applicable;
Asian Development Bank (ADB) Safeguard Policy Statement 2009[1], Social Protection Strategy 2001[2], and Policy on Gender and Development 2003[3]; and
National Investment & Infrastructure Fund E&S Management policy[4].
[1] https://www.adb.org/documents/safeguard-policy-statement
[2] https://www.adb.org/documents/social-protection-strategy
[4] https://niifindia.in/wp-content/uploads/2018/06/NIIFL_ES-Policy.pdf (based on AIIB Environmental and Social standards)
Please reach out to kaushal.kapadia@multiplesequity.com for details of the policy.