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Liberty Holdings

Responsible investment

Our approach

At Liberty, we recognise that investors are increasingly incorporating environmental, social and governance concerns into their investment decisions, as a proxy for management quality and an indication of the soundness of a company’s long-term sustainability. We are committed to being a responsible corporate citizen, as such, we seek to invest in a manner that contributes to the sustainability of our business and provides shared value in the areas in which we operate. Investments are made according to Liberty’s responsible investment philosophy. The philosophy provides a high-level description of the key elements of responsible investment and how they apply to Liberty, including the pursuit of a balance between financial and environmental, social and governance returns.

External frameworks and principles guide the group. Liberty, as a long-term insurer is a signatory to the United Nations Principles for Responsible Investment (UN PRI) through STANLIB the group’s asset manager and has adopted the Code for Responsible Investing in South Africa (CRISA), whose principles serve as the overarching basis for responsible investment across the Group.  Liberty delegates the investment management of its assets to appointed investment managers and requires via mandate that they in turn adopt the principles and practices of the Code.  Adherence to this requirement, the extent of disclosure with respect to proxy voting and the nature and extent of engagements is monitored on an ongoing basis by due diligence reviews and ongoing engagement.

STANLIB incorporates environmental, social and governance considerations into its research processes. This is done through the consideration of a stewardship pillar in the research process which compels analysts and portfolio managers to consider issues such as remuneration, social and environmental responsibility, board independence and transparency. STANLIB reports annually on its progress against the six responsible investment principles in its public Transparency Report to the UN PRI. Read more about the STANLIB Asset Management report.

LibFin plays a significant role in the management of Liberty’s balance sheet and is responsible for the administration of the credit portfolio, including the group’s investment in a broad spectrum of credit assets. Through our various credit investment activities Libfin evaluates a thorough and comprehensive list of investment considerations including the principles captured by CRISA.

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