Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable investee companies (economic, social, and environmental perspectives)
• Corporate social responsibility (supporting education, environmental development, humanitarian relief)
• Workforce development in local communities

Social Achievements

• Investment in Myanmar Finance International Limited (MFIL), a microfinance joint venture, resulting in strong growth in borrower base and profitability.

Governance Achievements

• Appointment of Investec Bank plc as corporate broker.
• Adoption of an Operations Manual to ensure compliance with FATF requirements.
• Establishment of a corporate governance framework grounded in international best practices.

Climate Goals & Targets

Environmental Challenges

• Slowdown in investment activity in Myanmar due to the new government's focus on policy formulation and prioritization.

Mitigation Strategies

• Continued development of a strong pipeline of potential investment opportunities.
• Proactive sourcing of opportunities in consumer-related and capacity-constrained sectors.
• Focus on quality of management and integrity as key drivers in investments.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Economic
• Social
• Environmental

Environmental Achievements

• Not disclosed

Social Achievements

• MFIL has over 48,000 borrowers, 85% of whom are women; MFIL's rural outreach is 37% of its business; MFIL created about 150 new jobs; Medicare's business practices ensure genuine, safe products and compliance with regulations; Apollo Towers has built almost 15% of the country’s telecoms towers, enabling access to mobile telephony and data for around 6.3 million people.

Governance Achievements

• Myanmar Investments seeks to uphold the fundamental principles of good corporate governance and is guided by the responsibilities laid down for AIM quoted companies; The Board is supported by the Investment Committee, the Audit Committee, the Remuneration Committee and the Nomination and Corporate Governance Committee; The Company has adopted a share dealing code to comply with the EU Market Abuse Regulation (“MAR”); The Company revised its Operations Manual to ensure compliance with FATF requirements.

Climate Goals & Targets

Environmental Challenges

• The pace of reform under U Thein Sein’s administration slowed; The NLD government, with no experience of government, had to feel its way in its new role; The NLD administration has had to contend with decades of neglect in critical areas such as healthcare and education; There is an expectation in the business community of a slowdown in business activity as the new government takes its time to formulate and prioritise its various strategies.

Mitigation Strategies

• The Company’s overall strategy remains unchanged, but has been refined to achieve its goals; MIL is an active management team, eschewing the reactive approach of a passive fund manager; MIL has raised over US$40 million since Admission; MIL continues to progress a pipeline of potential business opportunities; MIL is closely monitoring the tragic events in Rakhine state.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: BDO LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Social Achievements

• MFIL has over 66,000 borrowers, economically empowering 66,000 households. Over 80% of MFIL's borrowers are women, and 60% of its management are women.
• Medicare stores adhere to Good Pharmacy Practice, contributing to health improvement and access to quality medicines.

Governance Achievements

• Adopted the Quoted Companies Alliance 2018 Corporate Governance Code.

Climate Goals & Targets

Environmental Challenges

• Post Rakhine crisis difficulties in raising capital in western markets.
• Fragile domestic banking system.
• Increasingly complex political landscape.
• Slow pace of reform.
• Increase in MFIL's portfolio-at-risk due to borrower over-indebtedness and excessive competition.

Mitigation Strategies

• Streamlined operations, significantly reducing operating expenses.
• Proactively seeking to dispose of investments in MFIL and Medicare.
• In-depth reviews and significant remedial action taken to address MFIL's portfolio-at-risk.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA 2018 Corporate Governance Code