Page 25 - Admaius Responsible Investment report 2024

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Summary status of the portfolio as at 31/12/24

Overall, the status of the portfolio Investment Admaius Overall ESG red flags
is positive with no ESG red flags Company Sector Fund date ownership* ESG champion ESG status over 2024
reported over 2024. 4 companies
are working towards setting up a Company 1 Financial Virunga Africa 1 June 2022 Minority General counsel None
structured ESG program, with the
remaining 3 making progress as Company 2 FMCG Virunga Africa 1 Nov 2022 Majority CEO None
expected (see key below)
Company 3 Healthcare Virunga Africa 1 Nov 2023 Majority Head of HR / EHS None
We highlight that companies with an
effective program may still have gaps Company 4 Education Virunga Africa 1 May 2024 Majority CEO / Dean None
but have set up reasonable governance
structures and processes to be able to
close these over time. For all 4 Company 5 Digital infra Virunga Africa 1 May 2024 Majority CFO None
acquisitions in 2024 we have identified
an ESG champion on the board with Company 6 TIC Virunga Africa 1 May 2024 Majority CEO / CFO None
whom we can engage on ESG strategy
directly. Company 7 FMCG Virunga Africa 1 Oct 2024 Minority Co-CEOs None

KEY: ESG status
Above level expected: leading program
with excellent policies and processes in
place
Progress as expected: good / effective
program but some gaps may persist
Working towards level expected:
setting up structured ESG program with
gaps present
Concerns: ESG red flags or unable to
determine progress given lack of data

* Majority ownership is defined as where Admaius owns over 50% of the company and/or has a controlling interest

25 │ Admaius Capital Partners ESG & Impact Report 2024