ESG Policy

Oman Investments Company's primary objective is to generate attractive risk-adjusted returns for its investors. Consistent with this objective, Oman works with companies and management teams that have integrity, are accountable for their social and environmental impacts, and have governance in place to improve those impacts. We consider Environmental, Social, and Governance (“ESG”) factors in our investment and selection process to improve performance and reduce risks. We recognize that integrating ESG considerations into our investment decisions benefits our portfolio companies, their employees, and the local communities in which they operate. Recognizing our responsibility as a whole, Oman has developed a set of Responsible Investment Guidelines outlined below

Due Diligence

We designed our diligence process to provide a comprehensive understanding of a company’s opportunities and risks. As such, we integrate ESG considerations into our due diligence process for all investments. Our objective is to make financial decisions on a full set of risk- reward factors and we view ESG considerations as important inputs into our investment process. Our diligence review is customised for each target company taking into account company size, industry sector, and geography to identify relevant topics such as environmental (e.g., energy, waste, water, pollution), social (e.g., labor, health & safety, human rights) and governance (e.g., anti-bribery & corruption, ethics, accounting) factors. For each company, we identify a subset of relevant ESG issues. We incorporate ESG analysis in the Investment Memorandum for every deal, and discuss any ESG issues identified as potentially material in our Investment Committee discussions.

Internal Oversight and Training

The ESG Committee consists of members of the Advisory team and is chaired by Adama Ango. The ESG Committee is responsible for program oversight and annual review. The Advisory Committee maintains ultimate responsibility for determining how to manage significant ESG issues and opportunities at the Firm and investment level. The team participates in ESG training annually.

Conclusion

We are committed to staying informed on ESG developments and best practices. We will evaluate our ESG Policy annually and consider changes or additions as appropriate. We believe that by investing in companies and management teams with integrity and that are accountable for their impacts on society and the environment, we will achieve superior results for our investors.

Representative ESG factors Considered in the Due Diligence Process

  • Anti-bribery and corruption
  • Anti-discrimination
  • Chemicals/ hazardous substances handling
  • Child and/ or forced labor
  • Data privacy and security
  • Diversity and inclusion
  • Employee engagement programs
  • Health and safety management
  • Human trafficking
  • Illegal products or activities per applicable local laws
  • Intellectual property protection
  • Production or sale of pornography
  • Resource efficiency/ management
  • Social related claims
  • Supplier standards
  • Supply/ purchase of sanctioned products to or from regions covered by UN sanctions
  • Waste disposal procedures