Responsible investing

Environmental social governance (ESG) strategy

During the year the Company made signifcant progress on the development of an in-depth proposal for the Environmental Social Governance (ESG) Strategy to be implemented by the Company in the future. Although at present the Company does not have an explicit, detailed written ESG Strategy, de facto CEIBA has taken signifcant steps in the past in each of the three areas of such a strategy. The actions of elaborating, discussing and adopting a formal ESG Strategy will allow the Company to build a mutual understanding around the expectations of its stakeholders in relation to CEIBA’s ESG Strategy, which in turn should also have a positive efect on the Company’s fnancial sustainability.

In parallel with obtaining input regarding strategic goals from the Board, the Investment Manager, ESG specialists and other third parties, a detailed analysis will be carried out during the year of the Company and its assets. The principal goal is to present and table the formal ESG Strategy of CEIBA for approval during the present year so that we can present, explain and embed our ESG Strategy as one of the factors driving long-term value creation within CEIBA and infuencing its performance against the strategic goals of the Company.

In short, we believe that by having a proper ESG Strategy in place, the Company will add a formal ESG framework as one of the drivers for long-term sustainable fnancial returns and adequately manage environmental, social, and governance factors as both risks and opportunities.

Approach
On Cuba: summary of country IEVEI ESG analysis
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