Slavery and human trafficking statement
We have a zero-tolerance approach to modern slavery and are fully committed to preventing slavery and human trafficking in relation to all our business activities.
Given the nature of our business, our membership, Board and management teams consider that there is minimal risk that, either within OGCI Climate Investments LLP (“CI” or “we”) or the supply chain supporting our business activities, there are any processes in which we could be seen to support or be complicit in slavery and human trafficking.
Climate Investment (CI) is an independently managed private markets investor focused on capital-efficient industrial decarbonization. It invests in technologies and business models that drive high-impact, capital-efficient decarbonization, targeting opportunities that can deliver scaled, quantified GHG reduction alongside attractive risk-adjusted returns. It provides early stage to growth capital and supports its portfolio across its business lifecycle, ensuring that the companies deliver both GHG impact and financial success. CI’s portfolio companies offer solutions that avoid, reduce, recycle or store emitted methane or carbon dioxide. The firm reports its portfolio’s quantified GHG impact annually against a methodology it has co-developed with other investors to encourage adoption of a common and robust measurement framework. We operate from offices in London, UK and Houston, US.
Our supply chain
Our supply chain is limited to:
- providers of services supporting the operation of our offices (e.g., facilities management, cleaning, catering, IT and communications infrastructure);
- providers of services supporting business’ ongoing operations (e.g., banks, insurance brokers, insurance providers, providers of benefits for our employees, training providers, media and communications agencies) and other business support services (e.g., events management, business travel agencies); and
- providers of professional industry related services including lawyers, accountants, consultants and technical advisors.We do not act as a producer, manufacturer or retailer of physical goods and have no supply chain in relation to such activities.Where we act as a purchaser of goods or services, we expect a high level of ethical conduct from those businesses with which we do business.To date we have not been made aware of any human trafficking / slavery activities within our supply chain but, if any were highlighted to us, then we would act immediately in accordance with our legal and moral obligations.
Our Due Diligence processes
Given that the suppliers and providers we utilise are generally office-based in the UK and US or, to a significant extent, regulated service providers, we consider these to be a low risk in relation to slavery and human trafficking and take no specific action in respect of these relationships.
In case we start engaging with suppliers and providers based in countries with a higher risk of slavery and human trafficking, we will ensure appropriate systems are in place to identify and mitigate the risk of engaging in modern slavery and human trafficking, including through prequalification and/or ongoing monitoring of suppliers and providers.
Our policies on slavery and human trafficking
The employment and procurement practices operated within CI ensure that we have a strong reputation both as an employer and with those with whom we do business. We are committed to ensuring that there is no modern slavery or human trafficking in our supply chain or in any part of our business and that we provide good and safe working conditions and competitive terms and conditions of employment for all personnel throughout CI.
This statement reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chain.
The rights and responsibilities of all employees and third parties acting on our behalf are set out in various CI policies and contracts of employment or contracts for services.
All employees have a responsibly to be alert to the risks, however small, in our business and in the wider supply chain.
To maintain awareness and ensure a high level of understanding of the risks of modern slavery and human trafficking in our business all employees have been made aware of our expectations in this respect through our Code of Conduct and associated regular compliance training.
This statement is made pursuant to section 54(1) of the UK Modern Slavery Act 2015 and constitutes CI’s slavery and human trafficking statement for the financial year ending December 2021.
Last Updated: 23rd May 2023