 Message Alert!
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Message Alert!
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ESG monitoring And Oversight
ESG refers to three important criteria that we believe can have a material impact on long-term investment performance: environmental, social and governance. Having regard to ESG considerations is often referred to as 'sustainable' or 'responsible' investing. These are umbrella terms that encompass different investment approaches or strategies.
Azeri Oilfield’s ESG Working Group (EWG) oversees the Fund’s day-to-day ESG activities and reviews new and existing initiatives for review by the Investment Committee and decision by the Board.
Azeri Oilfield recognises that our responsibilities are long-term in nature, and that the long-term prosperity of the economy and the wellbeing of members depend on a healthy environment, social cohesion and good governance within our operations and the companies in which we invest.
This is reflected in our core investment belief that environmental, social and governance (ESG) issues are important in the context of optimising net long-term risk-adjusted returns. This ESG policy documents what we mean by ‘ESG considerations’, and how they are considered in our investment processes, in the best financial interests of our members.
The Three Criteria
Environmental
Environmental criteria look at how organisations affect the natural environment – for example, whether an organisation’s activities are polluting, mining or protecting.
Social
Social criteria examine how an organisation manages relationships with its employees, suppliers, customers and the communities where it operates.
Governance
Governance deals with an organisation’s leadership, executive pay, audits and internal controls and shareholder rights. Basically, how the organisation is run and what values it operates by.