Investcorp, a leading global provider and manager of alternative investment products, said that it has appointed Habib Abdur-Rahman, Principal, Corporate Development as its internal ESG lead.
Within this new role, Habib will be responsible for overseeing the accelerated adoption of a standardized ESG framework, including implementing and enhancing ESG alignment across all business lines and geographies.
Investcorp launched its group policy on Socially Responsible Investing in early 2019. The Firm’s efforts on firmwide adoption and embedding of sound ESG practices since then have been evolving and gaining traction rapidly, with each business line adapting the application of a set of core principles to its markets and activities.
With the opening of Investcorp’s India office in 2019, the Firm has accelerated its adoption of a common ESG framework, with an initial aim of becoming fully aligned with this framework for all its investment activities in India as a pilot, and then propagating these across the rest of the Firm worldwide.
Investcorp India also partnered with Cambridge University’s Consulting Network, the UK’s largest student-run consultancy, to leverage the talent and perspectives of the next generation of thought leaders and developed an ESG framework that is modeled on the principles of the Sustainability Accounting Standards Board (SASB).
Since then, Investcorp has already commenced integrating ESG principles into its investment strategies in India, starting with a clear focus on ESG risk mitigation across all investments and transitioning to being an active opportunity seeker over the medium term.