OASIS HOUSE • 96 UPPER ROODEBLOEM ROAD • UNIVERSITY ESTATE • CAPE TOWN 7925 • SOUTH AFRICA | propertyleasing@oasiscrescent.com • TEL: +27-21-413 7860
SUSTAINABILITY
SUSTAINABILITY & OUR STAKEHOLDERS
OCPFM forms part of a group of companies operating principally in the financial services industry, the directors of OCPFM and the directors of the ultimate holding company of OCPFM (being Oasis Controlling Company (Pty) Ltd. (OCC)) recognises that the Group (including OCPFM and the Fund) has a fiduciary duty to act in the best, long-term, interests of its clients and that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time). The Group (including OCPFM and the Fund) has accordingly always subscribed to the highest codes of good corporate governance and has always conducted itself as a socially and ethically responsible corporate citizen.
OUR COMMITMENT
It is with this in mind that a Social and Ethics Committee (SEC) has been established at the OCC level. While there is no statutory obligation on the Fund or OCPFM to appoint a SEC, the SEC of OCC will monitor OCPFM and the Fund’s activities, having regard to any relevant legislation, other legal requirements or prevailing codes of best practice, with regard to matters relating to, inter alia, social and economic development; good corporate citizenship; the environment, health and public safety; consumer relationships and labour and employment. The SEC will also review the adequacy and effectiveness of the Group’s engagement and interaction with its stakeholders and consider national and international regulatory developments and practice in the fields of social and ethics management.
In compliance with its regulatory obligations, the board of OCPFM consists of three independent non-executive directors and three executive directors.
The board has discharged its responsibility through the establishment of an effective compliance framework and internal audit process in order to ensure that all reasonable endeavours have been undertaken to ensure compliance with regulatory and statutory provisions. The Directors are satisfied with the internal control systems of OCPFM and confirm that no undue, unexpected or unusual risks have been taken.
ENGAGING WITH STAKEHOLDERS
