WE BACK BOLD ENTREPRENEURS TO BUILD REGIONAL CHAMPIONS AND ECOSYSTEMS FOR A BRIGHTER TOMORROW.
Rigel Capital is a fund that aims to create a positive impact by supporting entrepreneurs and building a digital ecosystem in India and Southeast Asia. Our founding partners have a proven track record of scaling businesses most efficiently and sustainably to create global innovative companies. In our investment principles and fund management, we highly value the environmental and social impact of our investments.
This ESG policy describes our approach toward ESG. It includes our strategy, ESG themes, core activities in our investment process, and enablers to implementing ESG. The scope of this policy covers both our fund operations and our portfolio companies. This ESG policy is communicated and well understood by our general partners, investment team, investors, founders and management of portfolio companies, and other stakeholders.
Our ESG strategy is developed based on 3 main tenets:
Rigel ESG committee exercises oversight of our ESG policy, and our founding partner, Sebastian Togelang, has the overall responsibility to implement the policy and implementation. He will be supported by the rest of the investment team and our ESG advisor. Our investment team will be trained to implement our ESG policy in the investment process and support our portfolio companies. We will also liaise closely with our legal advisor to ensure compliance with local and international regulations. The implementation of our ESG policy will be regularly monitored during strategic review meetings and disclosed in our annual report.
At Rigel, we are committed to value diversity and inclusion as one of the main important principles. We provide equal opportunity in employment and investment opportunities and will not unlawfully discriminate a person on the base of including, but not limited to: race, religion, age, sex, gender indentity, sexual orentiation, and nationality.
Aligned with our investment themes, we have identified 5 key impact themes that we will focus our investments and resources on. The themes are selected based on the industry sector that we are investing in and the UN Sustainable Development goals. We also reviewed the importance of these themes to our stakeholders in the market that we are operating in and the potential impact of our investments, details of the rationale can be found in our materiality assessment.
We believe that identifying and assessing ESG risks and impact potential in the investment process will lead to a better investment process. We follow the Principles for Responsible Investment (www.unpri.org) instituted by the United Nations (the “UN”) as a guide.
We also believe as part of our portfolio management; we can support our portfolio companies to create impact.
At the first stage of our investment process, we will evaluate if the entrepreneurs are receptive to developing a positive ESG footprint and the companies’ potential impact and ESG risks. However, it will not be a limiting factor of a go/ no go decision, as we believe in working together with entrepreneurs to create positive impacts and avoid negative impact in the long run.
We expect commitment from the entrepreneurs to integrate ESG in their companies, in the form of a formal agreement. To support our portfolio companies in creating impact, we provide a framework to set goals and objectives on the impact themes that are most relevant for each company.
We will support our portfolio companies to measure their materialized and expected impact, while also measuring the impact of our fund investments allocation. To provide transparency to our investors and stakeholders, we will also communicate our ESG performance regularly
Aligned with our mission to create an ecosystem for growth, we will support our portfolio companies with enablers such as ESG experts, tools, and technologies to implement ESG in their company.
We are building a team of internal ESG experts with experience on specific topics and industries that can help and support our portfolio companies. To enhance collaboration and knowledge sharing, we will have workshops and training on implementing ESG and scaling impact.
As we invest in various types of companies, we will not enforce standardized frameworks or topics. We rather provide the tools (6. ESG Tools & Technologies) that can be tailored to the needs of each of our portfolio companies.
Valid as of June 2022. We’ll formally review this policy and update if there is a significant change in relevant legislation or business need. We are continually looking to adapt and improve how we include ESG considerations in our investment decision making process.