"Our Primary Focus Is On Robust ESG Integration"

Q. How do you embed ESG into the investment process?

Maruping Mangwedi: It starts by linking the ESG approach to investment strategy—accepting that you can't consistently deliver the returns you're hoping for without doing that. For example, since the start of this year, our ESG committee has taken part in the firm's monthly portfolio management committee meetings and undertakes a deep dive on the portfolio to monitor ESG performance.

We know what questions to ask because ESG is part of our due diligence program before any transaction proceeds. We'll agree and document an ESG plan and put contractual undertakings into deals—and perhaps a 100-day strategy. Our monthly meetings are an opportunity to test the portfolio businesses against those plans.