Our commitments include incorporating ESG factors into our investment decisions,
starting with the
due diligence of potential investments through to the exit process. We tailor ESG due diligence to
each investment, and we create post-investment remediation plans for material ESG considerations.
For all potential investments, we use internal experts and a variety of ESG frameworks to identify
material ESG factors and utilize external consultants where appropriate. This analysis includes
everything from ensuring environmental, legal and regulatory compliance to the identification of
opportunities to add value or mitigate risk in our portfolio. Our investment teams use an ESG due
diligence guideline to ensure consideration of material ESG risks and opportunities.
These teams then provide a detailed memorandum to the Investment Committee outlining the merits of the transaction and disclosures relating to risks, including material ESG issues, and potential mitigation strategies. All investments made by Bramfort must be approved by the Investment Committee and must incorporate ESG matters into their evaluation, including anti-bribery and corruption, health and safety, and other ESG considerations.
Upon company acquisition, we create a tailored integration plan to ensure that
all material matters,
including ESG risks and opportunities are prioritized. ESG risks and opportunities are actively
managed by the portfolio companies with guidance from our in-house investment teams, primarily
through representation on company boards and equivalent oversight bodies where all financial,
operational, and strategic elements of the business are reported, considered, and where appropriate,
approved. This allows us to draw on local expertise, which provides valuable insight given the wide range of asset types and locations in which we invest. Certain key performance indicators, such as serious safety incidents, are reported regularly to the applicable board or other oversight body.
Responsible investment is no longer a niche pursuit, and in many ways is perfectly suited fro fixed income investment.
Bramfort Prime rating aim to highlight ESGand climate risk to support better research and stewdardship, and to help build portfolios talioredto our client's interest.
in 2020, 90% of 1,210 engagements included ESG issues
Bramfort added over 2bn of impact bonds to client accounts in 2020. 187 Client accounts at Bramfort now have exposure to impact bonds
Only 40% of the impact bonds we analzyed fully met our sustainability expectations in 2020
Bramfort is offering greater transparency around our opeations, with new diversity target for our workforce.
We are always working to maintain sound governance practices to ensure ongoing investor confidence. This involves a continual review of how evolving legislation, guidelines and best practices should be reflected in our approach. For example, we have a zero-tolerance approach to bribery, including facilitation payments, and all Bramfort employees are mandated to complete an in-depth anti-bribery and corruption (ABC) training seminar annually. Bramfort maintains an ethics hotline to report suspected unethical, illegal or unsafe behavior. Our reporting hotline is managed by an independent third party and is available 24 hours a day, 7 days a week. We also require all portfolio companies in which we have a controlling interest to adopt an ABC policy that is equally stringent to Bramfort's, which entails that portfolio companies install an ethics hotline within six months of acquisition.
Employee health and safety is a top priority at Bramfort. We view health and safety as an integral part of the management of our business and therefore consider it a line responsibility best managed by portfolio companies. We have established a safety steering committee, which includes the CEOs and COOs of each business group, to promote common values and a strong health and safety culture, share best practices and monitor serious safety incidents. In the event that a serious incident does occur, Bramfort conducts an in-depth investigation to determine root causes and formulate remediation actions.
Embedded in our culture is a commitment to advancing
diversity and inclusion
across our organization. This begins at recruitment, continues in leadership
training programs and is woven into our policies and procedures. As a global
firm, we know that the best ideas come from having people from different
backgrounds, perspectives, experiences and skills across all businesses, levels
of seniority and offices.
Training programs set clear expectations for our leaders in terms of their role in helping all team members achieve their potential. The training emphasizes building trust with their teams, becoming aware of unconscious biases and provides guidance on how to add rigor to decision-making especially in recruiting, performance feedback and promotion, with the goal of creating a more diverse and inclusive environment.
Our internal groups and networks, including a global Bramfort Women's Advisory Committee and a Diversity Advisory Committee, actively advise management on how to make our Firm more welcoming to people from diverse backgrounds.
Bramfort is committed to advancing economic and social mobility for our underserved communities by focusing on:
Supporting vulnerable populations by partnering with organizations that provide professional development, life skills, and educational opportunities.
Partnering with organizations providing access to housing, transportation and those working to decrease the digital divide.
Fosters economic opportunities for youth by collaborating with strategic partners specializing in education and financial literacy.
Bramfort is committed to building sustainable, diverse and inclusive organizations in communities where we work and live.