Decent Work and Economic Growth

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Decent work and economic growth

OMAI seeks to build and sustainable ‘ecosystem’ in the jurisdictions in which we invest under the focus area of decent work and economic growth. We see this practically playing out through the key themes of education, sustainable infrastructure, affordable housing and creation of safe, decent work opportunities. This focus area provides strong links between SDGs 4, 8, 9 and 11.

UN SDG 4: Quality education

Through the Impact Investing fund manager, OMAI has been investing in affordable private schools since 2011. We seek to find communities that are underserved in terms of quality education. By placing a private school directly within the community thereby reducing other associated schooling costs, we can provide affordable, quality education to those underserved communities. We see education as a foundational building block for a sustainable, prosperous society. Specifically, our schools directly contribute to the SDG 4 targets 4.4, 4.5, 4.6, 4.7, 4.a and 4.c. To explore our achievement in quality education further please see the ESG performance under the Education theme.

For two recent schools case studies please see the St Christopher’s and Canaan College. case studies under Sustainability Insights.

UN SDG 8: Decent work and economic growth

Across all our investment activities, OMAI drives the creation of inclusive, sustainable economic growth, providing safe and decent work opportunities. We contribute to gross domestic product growth (targets 8.1 and 8.2), sustainable resource consumption and efficiency (target 8.4) and increased inclusive employment (target 8.5). By applying international standards, we seek to mitigate and manage the risks of forced labour, child labour, modern slavery and human trafficking (target 8.7) and protect labour rights, promoting a safe and secure working environment for all employees (target 8.8). For a detailed breakdown of our tracked progress please see the ESG performance under the Social and Health and Safety themes.

UN SDG 9: Industry, innovation and infrastructure

Through African Infrastructure Investment Managers (AIIM) and Old Mutual Private Equity (OMPE), we strive to invest in sustainable infrastructure and industry. Current investments directly contribute to inclusive access to quality, reliable, sustainable and resilient industry and infrastructure – including small-scale industrial and other enterprises and increasing the access to information and communications technology (SDG 9 targets 9.1, 9.2, 9.3 and 9.c). For a detailed breakdown of our tracked progress please see the ESG performance under the Infrastructure theme, alongside various infrastructure case studies under the Sustainability Insights section.

UN SDG 11: Sustainable cities and communities

Through the theme of affordable, quality housing, the Impact Investing fund manager directly supports inclusive, safe, sustainable and resilient cities. The strategy of the housing funds is to locate underserved communities from a housing perspective and to fill that gap with affordable sustainable accommodation (target 11.1). To explore a detailed breakdown of outcomes, see the ESG performance under the Housing theme . Under the Sustainability Insight section our Fourleaf Estate, Karino Lifestyle Estate and Urbika Lifestyle case studies provide deeper context of our impact, while our Implementing Edge for greener buildings article provides detail on our green building successes.