Climate action

3.71

Million tons CO2 equivalent offset

Decent work

29,178

Jobs

Gender equality

42%

Female employees

Governance

38%

Old Mutual representation on boards

Introduction

Old Mutual Alternative Investments (OMAI) is committed to investing responsibly and achieving positive impact. Across different fund managers, investing in different asset classes in the private markets, OMAI implements an environmental, social and governance (ESG) and positive impact framework. OMAI focuses on the four key areas of climate change, decent work and economic growth, diversity and governance. Under these broad focus areas, our asset classes provide opportunity for positive impact through the themes of energy, carbon, social aspects, infrastructure, housing, education and governance. This introductory section provides the context of our thinking.

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Climate Change

Climate change is arguably one of the greatest threats facing humankind and our planet. According to the Intergovernmental Panel on Climate Change, limiting warming to 1.5°C is possible, but would require unprecedented transitions in all aspects of society. Overall, the report shows there are clear benefits to keeping warming to 1.5°C, rather than the previously thought safe limit of 2°C. OMAI seeks to be part of the solution for a 1.5°C world. With implementation of the Task Force on Climate-related Financial Disclosures (TCFD) we are integrating climate risk into our investment decisions.

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Decent Work and Economic Growth

Work provides individuals with the ability to be in control of their own livelihood and financial circumstances. Productivity and meaningful work stimulate the mind, increases confidence and enhances social interactions. Meaningful work gives us a sense of pride, identity and personal achievement. Along with benefiting individuals, it also contributes to a healthy, dynamic economy and society, decreasing social ills of poverty and crime. Across Africa unemployment is constantly a concern, with youth skills shortages and unemployment being key challenges to solve. Our goal is to increase the number of jobs, provide meaningful work and enhance the skills of individuals across all our investments.

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Diversity

Gender equality is a fundamental human right and a necessary foundation for a peaceful, prosperous and sustainable world. While there has been progress towards gender equality and women’s empowerment, women and girls continue to suffer discrimination and violence in every part of the world. As professionals, we seek to drive the empowerment of women in our own business and in our portfolio companies.

Further to gender equality, OMAI supports the provision of inclusive work environments, where all people are welcomed and have the opportunity to fulfil their potential regardless of background.

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Governance

Good governance lies at the heart of a sustainable business that delivers returns for all stakeholders, including shareholders, lenders, employees, suppliers and the communities in which we invest. As a responsible investor, OMAI maintains a continual focus on governance aspects in investment decision making and active stewardship of assets. OMAI applies good governance practices in all portfolio companies, across various African jurisdictions, with adherence to local governance-related laws and a reference to the King IV Report on good corporate governance.

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Our Journey

We are committed to investing responsibly and have been on a steady and focused responsible investment journey.

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Our Investments

Purpose
of Report

The overall purpose of this report is to provide insights into our business and our investments beyond just financial returns. We have adopted various international ESG standards and frameworks, using the United Nations Sustainable Development Goals as the topline framework to drive positive outcomes. The report provides an OMAI wide and business unit level view of our ESG approach, our focus areas, ESG performance and what ESG topics we think are important to take note of. We seek to understand our footprint, assess what is possible to change in that footprint, then drive and measure that positive outcome.

Report
Structure

  • Introduction
  • Leadership message
  • ESG TRENDS
  • ESG PERFORMANCE
  • Sustainability Insights
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Get in Contact

Bradley Kalil

Joint CEO OMAI

Dean Alborough

Head of ESG OMAI

Vuyo Ntoi

Co-Head AIIM

Jacci Myburgh

Co-Head OMPE

Paul Boynton

Joint CEO OMAI

Zom Chizura

Head of Impact Investing

Olusola Lawson

Co-Head AIIM

Chumani Kula

Co-Head OMPE

Our Offices

  • CAPE TOWN

    Mutual Park, West Campus, Entrance 2 Jan Smuts Drive, Pinelands, Cape Town, 7405
  • AIIM CAPE TOWN

    Ground Floor, Colinton House, The Oval, 1 Oakdale Road, Newlands, Cape Town, 7700
  • JOHANNESBURG

    No.1 Mutual Place, 107 Rivonia Road, Sandton, Johannesburg, 2031
  • NIGERIA

    7 th Floor, Heritage Place, 21 Lugard Avene, Ikoyi, Lagos, Nigeria
  • KENYA

    2 nd Floor, ICEA Lion Centre, West Wing, Riverside Park, Chiromo Road, Nairobi, Kenya
  • COTE D’IVOIRE

    Immeuble Santa Maria – 3e’me e’tage, Rue de Canebie’re, Abidjan Cocody, Cote d’Ivoire

Old Mutual Alternative Investments (Pty) Ltd is a licensed FSP 45255, approved by the Financial Sector Conduct Authority to provide advisory and/or intermediary services in terms of the Financial Advisory and Intermediary Services Act 37, 2002. Old Mutual Alternative Investments (Pty) Ltd is a wholly owned subsidiary of Old Mutual Investment Group Holdings (Pty) Ltd and is a member of the Old Mutual Investment Group.

Investment portfolios are market-linked. Pooled products are either policy based, via a linked policy of insurance issued by Old Mutual Life Assurance Company of (SA) Ltd, which is a registered Long Term Insurer. Contractual rights and obligations of investors are set out in the relevant investor agreements and or mandates. Unlisted investments have short term to long term liquidity risks and there are no guarantees on the investment capital nor on performance. It should be noted that investments within the fund may not be readily marketable. It may therefore be difficult for an investor to withdraw from the fund or to obtain reliable information about its value and the extent of the risks to which it is exposed. Market fluctuations and changes in exchange rates as well as taxation may have an effect on the value, price, or income of investments and capital contributions.

Since financial markets fluctuate, an investor may not recover the full amount invested. Past performance is not necessarily a guide to future investment performance.