Nextgen Energy Group Ltd. applies the CDC ESG Toolkit and IFC Performance Standards when screening potential Investments. The core principles of which are as follows:
Environmental.
We assess the environmental impact of an investment or operations as follows: Identify potential risks and appropriate mitigating measures through an environmental impact assessment where business operations could involve loss of biodiversity or habitat, emission of significant quantities of greenhouse gases, severe degradation of water or air quality, substantial solid waste or other significant negative environmental impacts; and consider the potential for positive environmental impacts from business activities
Social Governance and Impact .
We constantly assess our operations for compliance with issues that would adversely affect the local and regional citizens of the area in which we operate and review the following: Impacts on local communities: Any particular local social issues? Community / NGO consultations? Relocations? Resettlement? Sensitive cultural heritage issues? Risk of adverse impacts for indigenous peoples? For remote operations: impact of company’s activities on local communities? Use of non- local labor? Accommodation and other living conditions for workers and their families? Retrenchments? Corporate use of security force and its compliance with humanitarian rules and norms?
Corporate Governance.
We strictly apply the following Internationally acceptable standards, processes and regulations in our operations : Corporate governance, accounting, auditing, internal controls and shareholder information practices are equivalent to those of leading public companies and in line with the country’s voluntary code of best practice. We implement know Your Client, Anti -money Laundering, Anti-Terrorism Funding Policies
We further strictly adhere to Global Foreign Corrupt Practices Act Regulations.