Consistent with providing the best possible returns to our investors, Harvest Partners believes a genuine commitment to the highest standards of business practices and ethics is essential. We believe that considering environmental, social and corporate governance (ESG) factors as we make business decisions allows us to craft more sustainable long-term strategies for our portfolio companies, which is essential to creating value for our stakeholders.
In developing our policy, we have given consideration to a range of codes and standards, including the United Nations Principles for Responsible Investment (“UNPRI”), the UN Global Compact, and the Private Equity Growth Capital Council’s Guidelines for Responsible Investment.
The Partners and staff of Harvest Partners will:
- Data Privacy and Security: Consumers increasingly expect companies to safeguard their personal data and other sensitive information. Adherence to stringent information security standards upholds company obligations to customers and regulatory bodies.
- Ethics and Compliance: Ethics and compliance standards serve to prevent conflicts of interest and other appearances of ethical impropriety that may otherwise place companies at risk, especially in engagements with U.S. government entities.
- Anti-Bribery and Corruption: Anti-bribery and corruption diligence improves companies’ capacity to prevent incidents that may arise from operations in countries at risk of bribery and corruption, preserving reputational capital and avoiding regulatory fines.
- Supply Chain Social and Environmental Compliance: Companies can extend their values to all parts of their operations, including their supply chains, by procuring inputs from sources that responsibly manage labor, safety and environmental risks.
- Worker Health and Safety: A company has a significant responsibility to its workforce to ensure that employees are protected from occupational safety and health risks in operations.
- Social and Labor Conditions: By engaging and maximizing the potential of its human capital, a company can reduce unwanted employee turnover and realize improvements.
- Environmental Management: By minimizing and properly managing the environmental impact of raw materials in their operations, companies enjoy long-term cost-savings and may benefit from improved relations with regulatory bodies and local communities.
- Diversity and Equal Employment Opportunity: Diversity in the workplace fosters greater innovation, while equal employment opportunity protections uphold the values of equal treatment and opportunity for all.
- Product Safety: Confidence in the safety and quality of a company’s products prevents costly penalties and bolsters a company’s reputation.
- Sustainable Branding: Sustainable branding supported by fact, ranging from energy efficiency claims to nutritional food claims, can help attract and retain clients when managed properly.