Jade Road Investments Limited
Climate Impact & Sustainability Data (2012, 2021)
Reporting Period: 2012
Environmental Metrics
Governance Achievements
- Achieved a secondary listing on the Frankfurt Stock Exchange.
- Established a long-term strategic partnership with Adamas Asset Management.
Climate Goals & Targets
Short-term Goals:
- Fortel to submit its application to join the Hong Kong Stock Exchange in 2013.
Environmental Challenges
- Decreases in the fair values of stakes in Enfinium and Fortel impacted financial results.
- Slow progress on Fortel's IPO plans in Hong Kong due to auditor changes.
- High discounts to NAV in share trading.
Mitigation Strategies
- Restructured portfolio.
- Agreed a key alliance with Adamas Asset Management.
- Strategic shift towards more liquid and income-generating assets.
- Equity raising to provide additional funds for new investments.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: Crowe Clark Whitehill LLP
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Governance Achievements
- Became a signatory of the UN PRI in December 2019 (through its Investment Manager, Harmony Capital Investors Limited).
Climate Goals & Targets
Environmental Challenges
- Addressing ESG issues in the Legacy Portfolio (investments made before the adoption of this policy).
Mitigation Strategies
- Made reasonable efforts to ascertain Legacy Portfolio compliance with the Exclusion List and will continue to monitor and address any issues.
Supply Chain Management
Responsible Procurement
- ESG clauses in legal documentation, ESG questionnaires for investee companies.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN PRI, GRI, SASB