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A member of the ESG and Impact (“IESG”) team works on every portfolio company and forms part of each company’s deal team to improve sustainability performance, drive DPI’s Impact Agenda and bring the portfolio into line with DPI’s ESG standards.

Promoting gender equity and developing a pipeline of female talent is central to DPI’s mission and overall values, as part of our focus on achieving developmental impact across our portfolio. As a result, DPI’s third fund ADP III has been elected as the first 2X Challenge Flagship fund by the OECD DFIs .

We are proud to work with, and support companies like Food Concepts, that share a common vision to achieve gender equity. Led by a fantastic management team, where four out of seven members are women, Food Concepts continues to strive to promote gender balance and equal opportunity in its workforce. Working together, we can make sure stories like these become the standard and not the exception.

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DPI is a disciplined and process led firm, and we engage directly with each individual portfolio company to create value. We believe that applying best in class IESG practices leads to sustainable economic development, with a focus on benefitting Africa’s growing middle class. Beyond this, our investments also contribute to the UN Sustainable Development Goals (see Our Impact Agenda, below).

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We established our Impact Agenda as part of the effort to formalise our commitment to impact. The agenda established three global impact themes – the areas where we can deliver impact outcomes consistently throughout our portfolio. The global themes, which link to the UN Sustainable Development Goals, are: 

  • Gender (Goal 5: Gender equality)
  • Job Quality (Goal 8: Decent work and economic growth); and 
  • Climate Change (Goal 13: Climate action). 
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We recognise that adding our voice to industry-level conversations helps us, and others, to increase our impact. Some of the ways in which we engage are set out below:

  • DPI’s CEO Runa Alam, created and chaired the African Venture Capital Association (AVCA) Sustainability Committee; and DPI’s Sustainability Manager, Michael Hall, acted as the Co-Chair of the committee from 2020 to 2021.
  • DPI has been a signatory to the UN Principles for Responsible Investment (PRI) since 2017. 
  • 2X – Gender lens investing and recognition of ADP III as a 2X Flagship Fund.
  • Recognised by investors as a leader in Impact & ESG.
1 We provide transparent and concise information on each portfolio company’s sustainability performance.
2 We report annually to the UN PRI, to communicate DPI’s ESG performance as a firm.
3 We communicate DPI’s compliance with the IFC’s Environmental and Social Performance Standards.
Alignment to global prioritiesIntentObjectives
7 Affordable and Clean EnergyManage impacts to and implications of Climate Change
Use of renewable and/or affordable, clean, reliable energy sourcesSolar lights and solar water heaters/ rooftop solar PV panels
9 Industry Innovation and Infrastructure
Drive improved resource and energy efficienciesEnergy efficient lighting/ efficient equipment/ smart system etc.
11 Sustainable Cities and CommunitiesDrive improved resource usage and securityWater conservation efforts/ biogas generation/ smart water meter system
12 Responsible Consumption and ProductionRecovery, reuse and recycling of resourcesWaste minimisation/ re-use of wastewater
13 Climate ActionIncorporate consideration of climate risk/ resilience Storm water or wastewater design taking changing weather conditions into account
Alignment to global prioritiesIntentObjectives
5 Gender EqualityImproved gender balanceIncreased number of female owned portfolio companiesRestructuring of shareholding to increase female ownership
10 Reduced InequalityIncreased number of portfolio companies started by womenActively approach companies started by women
Increased % of women in senior leadership of portfolio company Restructuring of board and senior management to include more women
Increased % of women in workforce of portfolio companyWomen’s leadership, sponsorship and mentorship programmes
Increased number of portfolio companies that have products designed for womenUnconscious bias training for EXCO, HR and the board of portfolio companies
Support groups for women
Gender diagnostic (including survey) and appropriate action plan
Active approach of companies to design women-focused products/ services
Alignment to global prioritiesIntentObjectives
1 No PovertyImproved Job QualityAll employees have access to employee benefitsIntroduce benefits such as medical insurance, pension fund, etc.
8 Decent Work and Economic GrowthAll employees earn a decent living wageRestructure salaries to ensure all staff earn enough to afford basic services
10 Reduced InequalityAll employees have access to employee wealth-building opportunitiesProvide employees with access to shareholding opportunities in the company
All employees have access to a fair and engaging workplaceIntroduce a performance feedback mechanism
Introduce forums where employees provide feedback to management

Development Partners International LLP’s policy on the integration of sustainability risks in its investment decision making process can be found at www.dpi-llp.com/impact-esg

No consideration of sustainability adverse impacts

Development Partners International LLP (DPI) publishes information on whether it considers the “adverse impacts of investment decisions on sustainability factors” under the SFDR. As defined under and in accordance with the SFDR, DPI does not currently consider the adverse impacts of investment decisions on sustainability factors in connection with all its products and services, solely because the final regulatory technical standards which set out the scope of “principal adverse impacts” and the corresponding mandatory reporting template have not yet been adopted by European legislators. DPI will review its position following publication of the final regulatory technical standards and will model the information required under the SFDR against the extensive information that it currently collects on “principal adverse impacts” and consider the practicality of providing to investors the information required under the SFDR.
Date of publication: 10 March 2021