How we apply our SRI Principles
The partners and employees of the SilverStreet Capital Group are committed to implementing and maintaining the highest ethical standards in the management of our business.
Our SRI philosophy is embedded in our business and is implemented by the companies and enterprises in which we invest.
We have sought to articulate the principles by which we will be guided and create a practical program for ensuring they are followed.
SilverStreet Capital has appointed a CSR Oversight Officer whose duties are:
• To develop a training programme on Corporate Social Responsibility for all SilverStreet Capital employees
• To undertake SRI Due Diligence on investment candidates and assist with implementation of plans to comply with the SRI Principles where necessary
• To undertake an annual on site review of all businesses in which SilverStreet is invested to ensure that they are Compliant.
• To agree remedial action plans with businesses if required.
SilverStreet will:
• Require entities in which it invests to commit to adhere to SilverStreet’s Socially Responsible Investment Principles.
• Complete an SRI annual review on all our investments.
• Include an SRI compliance report as a part of SilverStreet’s Annual Report.
We believe that following these Principles and Procedures will enable us to create a sustainable business that is a welcome partner in the communities where we operate.
Corporate Governance
It is a priority of SilverStreet Capital, and the businesses in which we invest, to adhere to international best practices of corporate governance. This means that we are continually demonstrating honesty, integrity, fairness, diligence and respect in all business dealings.
Our good governance policies include:
• comply with all applicable laws and promote international best practice, including those laws and international best practice standards intended to prevent extortion, bribery and financial crime;
• uphold high standards of business integrity and honesty;
• deal with regulators in an open and co-operative manner;
• prohibit all employees from making or receiving gifts of substance in the course of business;
• prohibit the making of payments as improper inducement to confer preferential treatment;
• prohibit contributions to political parties or political candidates, where these could constitute conflicts of interest;
• properly record, report and review financial and tax information;
• promote transparency and accountability grounded in sound business ethics;
• use information received from its partners only in the best interests of the business relationship and not for personal financial gain by any employee;
• clearly define responsibilities, procedures and controls with appropriate checks and balances in company management structures; and
• use effective systems of internal control and risk management covering all significant issues, including environmental, social and ethical issues.
Health and Safety
Health and Safety within the workplace is an area of importance to SilverStreet Capital and the businesses in which we invest. Our 5 key goals with regards to health and safety are:
• To prevent accidents and cases of work-related ill health and provide adequate control of health and safety risks arising from work activities.
• To provide adequate training to ensure employees are competent to do their work.
• To engage and consult with employees on day-to-day health and safety conditions and provide advice and supervision on occupational health.
• To implement emergency procedures – evacuation in case of fire or other significant incident.
• To maintain safe and healthy working conditions, provide and maintain plant, equipment and machinery, and ensure safe storage/use of substances.
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