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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.

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, became the Co-Chair of the committee in 2020.
  • 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.
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
Interventions
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
Interventions
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
Interventions
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