+27 (0) 11 044 2600   +233 (0) 302 632 222

Environmental, Social and Governance (ESG)

Sustainable & Socially Responsible Investing

ZIP Sustainability Statement

ZIP Mission Statement

A Pan African Fund Manager whose mission is to manage and avail capital to build resilient companies in the food value chain and reinforcing Africa food security. Zebu fosters lifelong social and economic partnerships for growing African economies while championing robust business ethics and sustainable policies.

ZIP ESG Policy

ZIP seeks to positively impact development through its investments. As such, ZIP is committed to ensuring that Environmental, Social and Governance(ESG) risks are assessed and managed throughout the life of each investment. ZIP prides itself in ensuring that each investment it makes, creates better environmental and social conditions in the sector in which the portfolio entity operates, and that each portfolio entity maintains governance structures that assist in maintaining these conditions. To achieve this, prior to each investment, Environmental and Social Due Diligence (ESDD) assessments are performed to assess the environmental and social risks associated with each potential investment, and to identify improvements for implementation to ensure portfolio companies achieve high standards of compliance as guided by AfDB and IFC Performance Standards.

“We are seeing a direct correlation between managing non-financial risk and the financial rewards which result from building a deliberate ESG compliance regime. We take pride in reporting the significant social and economic impact that the Funds we manage make as illustrated by some of the measures we track which include contribution to country GDP (measured by revenue generated); food security impact (in tons); upskilling through training offered to employees; process certification (e.g. through HACCP; ISO etc.); improved governance through properly constituted Boards and sub-committees; direct & indirect jobs created or saved; creation of Bottom of the Pyramid(BOP) entrepreneurs & upskilling of out growers/small holder farmers, improved incomes and livelihoods and introducing climate change responsive farming methods. Our aim is to be a major contributor towards achieving the United Nations’ 17 Sustainable Development Goals”                                                                                                                                                                                  – Dennis Matangira, ZIP Senior Managing Partner.

ZIP Exclusion List

We take pride in partnering with Limited Partners (LPs) with high expectations of compliance towards ESG matters. The Fund will seek to invest its investment commitments across a broad range of food related business categories. As part of our investment policy, ZIP shall not invest in prospective portfolio entities which are engaged in, or to the knowledge of the Manager or the Fund, intend to engage in any of the excluded activities as listed below:

  • Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements;
  • Production or trade in radioactive materials, with the exception of medical materials and quality -control equipment where the radioactive source is trivial and adequately shielded;
  • Production or trade in or use of unbonded asbestos fibers or other products with bonded asbestos as dominant material;
  • Production or trade in pharmaceuticals, chemical compounds and other harmful substances subject to international phase -outs or bans, including pesticides classified as Class I(a) (extremely hazardous), I(b) (highly hazardous) or II (moderately hazardous);
  • Production or trade of ozone-depleting substances subject to international phase-out;
    Trade in wildlife or wildlife products regulated under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES); Purchase of logging equipment for use in unmanaged primary tropical rainforests; and
  • Production and activities involving harmful or exploitative forms of forced labor and/or child labor as defined by national regulations.

Further exclusions also include the following: alcoholic beverages, tobacco, platinum, pearls, precious stones, gold and related products, nuclear reactors and related products, weapons, ammunition and other goods used for military and/or paramilitary purposes and luxury consumer goods.

Operational Standards Guidelines

We are guided by the high need to adhere to compliance with Operational Standards as highlighted below;

OS1 – Environmental and Social Assessment
OS2 – Involuntary Resettlement
OS3 – Biodiversity and Ecosystem Services
OS4 – Pollution Prevention and Control, Greenhouse Gases, Hazardous Materials and Resource Efficiency
OS5 – Labor Conditions, Health and Safety