ESG & CSR

MIF ESG

At Mutapa Investment Fund, we believe that environmental, social, and governance (ESG) factors are crucial to making better investment decisions, enhancing portfolio quality, and promoting long-term sustainability.

As a corporation with a mission to preserve wealth and create long-term value, with a focus on sustainability, our impact is driven by promoting the development of better businesses through responsible ownership considering a broad range of stakeholder objectives.

Focusing on Environmental, Social and Governance (ESG) issues is crucial for a sustainable future and aligns with our vision of enhancing Zimbabwe’s position as a globally competitive economy by investing in opportunities that secure a prosperous future for its people. The adoption of an effective ESG framework is critical to ensuring alignment between our vision and our actions.

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Putting theory into practice:

As a Corporation, we are committed to leading by example and will proactively manage our own ESG responsibilities, which are subject to oversight and monitoring by our ESG Management Committee.

We continue to seek opportunities within our own operations to reduce our impact on the environment and to ensure that we consume responsibly and minimize waste.

Going forward:

• We are looking forward to have the first carbon footprint calculation of our operations, this will help us adopt a number of measures to minimize energy consumption, ensure responsible waste management, and help employees become more environmentally-friendly by actively promoting sustainability awareness through various communication channels.
• Providing training to our employees on our ESG Policy and Framework and refresher training on our Code of Conduct, Anti-Corruption and Bribery Policy, Economic Sanctions Policy, and Anti-Money Laundering Policy;
• Attend national Climate change and ESG meetings.
• We continue to support our communities through initiatives that reflect the Fund’s values. These are aimed at ensuring we are, and remain, a good corporate citizen.
• We focus our community initiatives on education, innovation, and health. In doing so, we are making valuable contributions to the continuing development of an accomplished, healthy, and empowered society for the benefit of our stakeholders.
• We encourage our staff to engage individually with our communities.
• We are a strong advocate for good corporate governance practices that promote transparency, protect against risks, and maintain compliance with applicable regulations, including those relating to ESG matters (please see MIF’s Governance section).

Our ESG approach is guided by the following principles:

• Incorporating ESG considerations into our investment process to make better investment decisions and associate ourselves with like-minded partners.
• Recognizing that ESG factors can have a material impact on the intrinsic value of investments and supporting companies with strong ESG practices.
• Adopting a fundamental, bottom-up perspective, engaging constructively with management teams, and promoting positive change.

Our ESG investment principles are put into operation through the adoption of the following guidelines:

• ESG considerations are an integral part of our investment process, including initial deal screening, due diligence reviews, and ongoing assessment of potential ESG-related risks and opportunities.
• We seek out and work with investment partners and fund managers that share our ESG values.
• We encourage portfolio companies and fund managers to embrace sustainability and ESG principles and best practices, and transparently report on actions taken and results achieved.
• We will not invest in companies or commit to funds that disregard ESG principles.

We also believe that our impact is driven by promoting the development of better businesses through responsible ownership, considering a broad range of stakeholder objectives. Our focus on ESG issues aligns with our vision of enhancing Zimbabwe’s position as a globally competitive economy by investing in opportunities that secure a prosperous future for its people.

As a responsible investor, we are committed to leading by example and proactively managing our own ESG responsibilities. We will continue to seek opportunities within our own operations to reduce our impact on the environment and to ensure that we consume responsibly and minimize waste.

Our commitment to ESG is reflected in our community initiatives, which focus on education, innovation, and health. We encourage our staff to engage individually with our communities and have committed to providing every employee with additional paid leave for community volunteering activities.