Environmental, Social and Governance

TBL Mirror Fund undertakes environmental, social and governance integrity assessments which analyses and determines the advantages arising from improved environmental, labor, health and safety, community, ethical practices and corporate governance. In its evaluation of these, the Fund uses the IFC Performance Standards on Social and Environmental sustainability and the associated World Bank/IFC Environmental, Health and Safety (EHS) guidelines as the reference standards for investments in industries with significant risks and provide a reference for the businesses being evaluated and propose appropriate assessments and management systems to identify and address social and environmental issues with the view to ensure the continuous improvement of the sustainability performance of the business within the limits of its resources.

TBL Mirror Fund uses a toolkit provided by FMO as an Environmental and Social Management system (ESMS) to monitor the ESG matters. The Fund also works with partners to assist in evaluating areas of improvement for some of its portfolio companies.