Responsible Investment Principles
The principles used to integrate material environmental, social and governance considerations into investment judgement.
Materiality
Focus on issues capable of affecting value, resilience, stakeholders or the ability of the investment to operate responsibly.
Integration
Relevant findings should inform diligence, valuation, structure, governance or ownership plans rather than remain a separate report.
Proportionality
The depth of work should reflect the sector, geography, ownership position and significance of the issue.
Evidence
Claims should be supported by information of sufficient quality. Limitations should be stated rather than hidden behind precision.
Ownership
Operating knowledge from elsewhere in the Azari group can sharpen diligence, but it does not replace independent underwriting. Any relationship with another Azari company is assessed on its own economics, risks, governance and conflicts.
Engagement
Engagement should have a clear purpose, realistic expectation and respect for the responsibilities of management and other stakeholders.
Escalation
Serious unresolved issues may require additional conditions, governance protection, independent review or a decision not to proceed.
No automatic theme premium
An investment associated with a sustainability theme must still satisfy ordinary standards of economics, risk and governance.
Reporting
Any public reporting should distinguish policy, activity and evidenced outcome.
Review
The principles should evolve as regulation, data quality, market practice and the investment platform develop.