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:
- Consider environmental, public health, safety, and social issues associated with potential portfolio companies when evaluating whether to invest in a particular company or entity, as well as during the period of ownership.
- Consider the impact of environmental, social and governance issues that impact key stakeholders and/or the long-term sustainability of our businesses as we seek to grow and improve them. To that end, Harvest Partners will work through appropriate governance structures (e.g. board of directors) with portfolio companies with respect to environmental, public health, safety, and social issues, with the goal of improving performance and minimizing adverse impacts in these areas.
- Seek to use governance structures that provide appropriate levels of oversight in the areas of audit, risk management and potential conflicts of interest and to implement compensation and other policies that align the interests of owners and management.
- Remain committed to compliance with applicable national, state, and local labor laws in the countries in which we invest; support the payment of competitive wages and benefits to employees; provide a safe and healthy workplace in conformance with national and local law; and, consistent with applicable law, respect the rights of employees to decide whether or not to join a union and engage in collective bargaining.
- Maintain strict policies that prohibit bribery and other improper payments to public officials consistent with the U.S. Foreign Corrupt Practices Act, similar laws in other countries, and the OECD Anti-Bribery Convention.
- Respect the human rights of those affected by our investment activities and seek to confirm that our investments do not flow to companies that utilize child or forced labor or maintain discriminatory policies.
- Provide timely information to our investors on the matters addressed herein, and work to foster transparency about our activities.
- Encourage our portfolio companies to advance these same principles in a way which is consistent with our fiduciary duties.