At AshmoreAVENIDA sustainable development is at the forefront of the investment strategy. The firm has developed a responsible investing policy, the Avenida Impact Framework (AIF), that defines the Environmental, Social and Governance (ESG) aspects through which all portfolio projects are screened and executed. AIF has been designed based on the firm’s expertise investing in real estate projects in Latin America. It encompasses the integration of internationally accepted frameworks to the local contexts, including the IFC Performance Standards on Environmental and Social Sustainability.
Integrating ESG considerations into the investment decision and project execution processes is ultimately part of the firm’s strategy to mitigate risks and uncover opportunities to create long-term value. Through the AIF AshmoreAVENIDA aims to fulfill its fiduciary duty to deliver superior risk-adjusted returns to its investors, by managing potential environmental and social risks and impacts, and designing governance structures that promote transparency and accountability at the project, portfolio and corporate levels.