Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Sustainability Risks (including failure to comply with ESG standards, regulatory changes, misleading information, and potential negative impacts on investments)

Mitigation Strategies

• Integration of Sustainability Risks into investment decision-making through consideration of ESG indicators and use of proprietary and/or third-party data and research.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: PRI (Principles for Responsible Investment)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Social Achievements

• Engaged with a leading jewellery player in East India to promote better ESG transparency, resulting in a fair assessment of the company's ESG practices and active steps towards more sustainable operations.
• Engaged with a leading hospitality company that had suffered a data breach, resulting in the company taking corrective actions including strengthening IT systems and employee training on data privacy.

Governance Achievements

• Shareholders approved a new investment policy removing the upper limit on holdings.
• A new prospectus was issued including the revised investment policy and a new share issuance program.

Climate Goals & Targets

Environmental Challenges

• Changes in general economic and market conditions in India and globally.
• Concentration of investments in any one sector.
• Corporate governance and internal control risks (including cyber security).
• Regulatory risks.
• Financial risks (foreign currency risk).
• ESG and Climate Change risks (increased investor demand for ESG products, additional costs and risks for portfolio companies due to climate change, extreme weather events, reputational damage from non-compliance).
• Impact of War/Sanctions.

Mitigation Strategies

• Investment Adviser monitors the position and reports regularly to the Board on market developments; India's relatively closed economy offers some protection from global economic downdrafts.
• Investment policy limits single holdings to 15% of Gross Assets and any single sector to 40%; portfolio diversification with a minimum of 50 investments.
• Contractual delegation of management of the investment portfolio, custodial services, registration services, accounting, and company secretarial services; ongoing oversight of the Board; regular review of service providers' performance; monitoring of key personnel risks; periodic reporting on control procedures, including cyber security.
• Contracting out relevant services to appropriately qualified professionals; quarterly reporting on regulatory matters to the Board; risk assessment program.
• Investment policy states that currency exposure will not be hedged in the normal course of business; no current borrowings.
• ESG Policy updated annually and published on the company's website; internally developed ESG risk assessment framework (ABLExTM); engagement with companies to improve ESG performance; signatory to the UN PRI.
• Company does not have any direct or indirect exposure to investments in Ukraine, Russia, Israel or Palestine.

Supply Chain Management

Supplier Audits: Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, consumer demands

Reporting Standards

Frameworks Used: UN PRI, TCFD

Third-party Assurance: Not disclosed