Environmental, Social and Governance Practices
In May 2010, ECP signed the United Nations Principles for Responsible Investment (UNPRI), which provides a framework for investment professionals who believe Environmental, Social and Corporate Governance (ESG) issues can affect the performance of investment portfolios and who seek sustainable approaches in the investment process.
In October 2011, ECP became the first private equity firm to sign a co-operation agreement with the IFC to participate in its Private Equity Africa Climate Change Investment Support (PEACCHIS) program. The program, funded by the Norwegian Government, is designed to enhance sustainability best practices in Africa. Through the program, the IFC provides advisory services to private equity fund managers to identify opportunities to improve resource efficiency and generate sustainability-related cost-savings.
Read more about this topic: Emerging Capital Partners
Famous quotes containing the words social, governance and/or practices:
“I know that there are many persons to whom it seems derogatory to link a body of philosophic ideas to the social life and culture of their epoch. They seem to accept a dogma of immaculate conception of philosophical systems.”
—John Dewey (1859–1952)
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
—Geoffrey Chaucer (1340?–1400)
“Of all reformers Mr. Sentiment is the most powerful. It is incredible the number of evil practices he has put down: it is to be feared he will soon lack subjects, and that when he has made the working classes comfortable, and got bitter beer into proper-sized pint bottles, there will be nothing left for him to do.”
—Anthony Trollope (1815–1882)