20 Feb 2014

Kerogen Capital launches ESG Policy Statement

Kerogen Capital Limited (“Kerogen” or “the Company”), an independent private equity fund manager specialising in the international oil and gas sector, is delighted to publish its Environmental, Social and Governance (“ESG”) Policy Statement detailing the Company’s commitment to good governance, to high environmental standards and to positive engagement on social issues. Kerogen believes that adherence to ESG principles is a central commercial priority in creating sustainable value for its portfolio of companies and its investors.

As a leading investment manager with a portfolio that includes investments in emerging markets, Kerogen understands the strategic importance of incorporating ESG management at every stage of the life-cycle of its investments, from pre-investment due-diligence to ongoing asset management post-investment through to exit. Kerogen’s ESG Policy Statement demonstrates to all its stakeholders the vital role that the private equity model can play in promoting ESG considerations in the oil and gas industry and the value that can be unlocked through implementing them.

Kerogen is working with international bodies and multi-stakeholder industry groups to interact and share lessons learned with others who are committed to prioritising ESG principles in their investment decision processes. Kerogen is a signatory to the United Nations Principles for Responsible Investment (“UNPRI”) and a supporter of the Extractive Industries Transparency Initiative (“EITI”).

Ivor Orchard, Co-Founder and Chairman of Kerogen, said:

“We fundamentally believe that investing in companies with comprehensive ESG frameworks translates into lower risk and higher financial returns. Furthermore, our own rigorous ESG approach provides comfort to our investors who are looking for responsible investment opportunities in the international upstream sector.”

Lord Mark Malloch-Brown, Chair of Kerogen’s ESG Sub-Committee, said:

“Kerogen’s ESG approach demonstrates its understanding of the inexorable link between profitability and ESG prioritisation. ESG has moved beyond corporate philanthropy to become a critical part of business strategy in terms of maintaining and protecting project investments.”

 

ESG Policy Statement