AV Group Sarl. and its affiliates ("AVG") recognizes that its employees, customers, partners and the vendors that it deals with through its operations can have an impact on the environment and community, and therefore comprehends and endorses the need for adherence to environmental, social, and governance policies consistent with the values of AVG by all parties associated with it. It has therefore laid out a strong Environmental, Social and Governance Policy Statement which combined with its Fair Practices Code will provide it with the necessary impetus to achieve its desired growth in a responsible, inclusive and sustainable manner.

Our Approach to ESG and Sustainable Investing:

AVG's core focus is on renewable energy, technology and companies that have strict ESG governance. AVG benefits from working with the Norwegian Government that strictly adheres to all of the Sustainability Development Goals (SDGs) and that will not invest into companies without an ESG policy. AVG has adopted the same standard but in addition to this, AVG has added a few more guidelines:

ESG Integration:

We approach ESG integration as a tailored asset-class process. We are focused on ESG factors that may have a material impact on our investment risk or return. How we consider ESG policies in our investment underwriting, analysis, and monitoring varies by asset-class and investment strategy. For our fund investments we seek to integrate and manage ESG issues throughout the investment cycle. We use an operational due diligence framework to assess prospective fund investments in public equity, private equity, absolute return, real estate, and natural resources. This framework includes an ESG due diligence section in order to ensure that ESG-related questions are assessed and considered during the due diligence process.

Direct Ownership:

As an investor, we recognize that a company's ability to identify and manage ESG risks effectively may affect a company's valuation. Therefore, engagement with companies held in our investment portfolio plays an important role in our approach to sustainable investment. We select companies for engagement based on ESG risks identified as having a direct impact on business operations and shareholder value, risk management oversight and disclosure practices, and the value of our holdings.

Working With Others:

Collaborating with like-minded investors is important to our work. We have joined initiatives that are aligned with - and help guide - our approach to sustainable investment, and we actively work with peers and investors to advance shared goals and develop and define sustainable investment best practices.