Our Principles on Socially Responsible Investment
We are committed to investing into and building sustainable businesses that benefit all the stakeholders in those businesses.
We have applied to be a signatory to the United Nation’s Principles for Responsible Investment.
In addition, the United Nations has a Global Compact which is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption.
SilverStreet’s Corporate Social Responsibility Principles are summarized below and are consistent with the principles stated in the UN Global Compact.
Ethical Employment Practices:
• All employees must be treated with respect and dignity • There must be no discrimination in terms of race, gender, colour, political affiliation or religion • At a minimum, employees’ terms and conditions of employment must comply with local laws (including the freedom of association and collective bargaining) •Where legal minima are inadequate, wages must be sufficient to meet basic needs •Employees must not be expected to work in an environment which may be prejudicial to their health •There must be no harmful child labour.
Positive Social Impact:
• All business activities should take account of the impact they have on the local community, contractors and employees • In cases involving resettlement, cultural property, indigenous people, non-local labour etc where the consequences could be negative, consultation to minimize any impact must be rigorously undertaken • Businesses should be managed with integrity, honesty and fairness in all dealings with the community • All employees must be prohibited from receiving or paying bribes or inducements.
Environmental Sensitivity:
• Businesses must ensure that their operations incorporate measures to mitigate any negative impact; for example waste disposal or emissions which may pollute the atmosphere, water sources or soil • Businesses should aim for sustainability in their use and management of resources and build environmental restoration into their business plans when necessary.
|