Environmental, Social, and Governance (ESG) Policy
ESG policy statement defines SGM’s principles and objectives with respect to responsible investment. The staff of the SGM will, to the best of their ability:
- Comply with all applicable laws and regulations;
- Adhere to the highest standards of conduct and business practices;
- At all times, conduct business dealings to the highest standard of honesty, integrity, fairness and respect;
- Integrate consideration of ESG issues into due diligence and investment decision-making processes;
- Seek appropriate disclosure on ESG issues by the entities in which they invest;
- Distribute this policy and related ESG information to all staff;
- Task the Advisory Board with co-ordinating and managing ESG efforts both internally and monitoring the ESG rating within portfolio investments.
- Collaborate with Limited Partners to ensure that the General Partner accommodates their ESG initiatives and policies;
- Encourage and participate in dialogue on ESG issues between the General Partner and Limited Partners in order to improve ESG investment standards;
- Disclose how ESG issues are integrated within investment practices and report to different standards organizations and to Limited Partners, the General Partner’s progress and acceptance of ESG investment criteria.
SGM defines sustainability as thus: to efficiently manage critical resources with high productive output while minimizing the negative output impacts to the environment, including health and human services, and, more specifically:
- to support more renewable energy development and related energy efficiency technologies, and more broadly, more resource efficiency alternatives (e.g. agriculture, water, etc.) that effectively address climate change mitigation, cleaner and more efficient production, as well as improving environmental and social impacts;
- a global focus to help more effectively address trans-border and international sustainability issues;
- to provide investments to late-stage new companies that can provide more sustainable solutions for less cost, alternative technologies, and more efficiency than current approaches; and
- to focus on late-stage new companies that can either effectively dis-intermediate current more wasteful or non-sustainable approaches and/or scale rapidly to become a potential dominant more sustainable player.