ESG Framework

Within the global challenges we face, the sustainable development goals (SDGs) will be the blueprint to achieve a better and more sustainable future for all. We believe that sustainable development considerations are integral to our business and activities. LCP strives to ensure effective Environmental & Social management of all its activities and investments with a special focus on the following:

Ensuring that E&S risk considerations are integrated in all of its financial activities

Ensuring that all activities undertaken by Lorax are consistent with its applicable requirements namely the Egyptian regulations and the Equator Principles;

Avoiding investing in companies with operations that fall under the Lorax Exclusion List;

Investing in companies only when they are expected to be operated and maintained in a manner consistent with the applicable requirements

Ensuring that all investees are diligent in their reporting on E&S metrics and compliance with the applicable requirements on a periodic basis;

Communicating E&S expectations and conditions to staff, investees, clients and all stakeholders;

Ensuring that the management and the shareholders of the companies/investees are familiar with the E&S policy, commitments, expectations and conditions.

LCP has in place an E&S Management System in place and the core elements are as follows:

Environmental and social policy

Process for screening deals

Process for risk categorization

Due diligence process

Periodic monitoring and record keeping