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.
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Famous quotes containing the words social, governance and/or practices:
“... if the Settlement seeks its expression through social activity, it must learn the difference between mere social unrest and spiritual impulse.”
—Jane Addams (1860–1935)
“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)
“To learn a vocation, you also have to learn the frauds it practices and the promises it breaks.”
—Mason Cooley (b. 1927)