DEVELOPMENT, RESPONSIBILITY AND GOVERNANCE AT THE CORE
Surya implements tailored developmental and social impact, environmental responsibility, ethical and corporate governance best practices in its Platform Companies.
Surya Supports & Promotes
Surya Avoids
Economic Development
  • • Economic sectors that are direct contributors to long-term economic development.
  • • Addressing demand drivers as well as removal of supply side bottlenecks.
  • • E.g. Education, logistics, financial services, import-substitution.
  • • Economic activities that are “zero-sum” games.
  • • Economic activities that allow “rent-seeking”.
Society
  • • Businesses that have a clear and visible positive impact on society.
  • • Businesses that make a conscious effort to contribute to the communities in which they operate.
  • • Businesses that operate without a social conscience.
Environment
  • • The business has to have the possibility of achieving a neutral environmental impact within a short term through a reasonable action plan.
  • • In some cases, positive environmental impact is at the core of the business case (e.g. Reppie waste-to-energy plant).
  • • Over time, Surya aims for all of its platforms to generate a net positive environmental impact.
  • • Environmentally problematic sectors and businesses, e.g. mining, oil & gas.
Governance
  • Surya implements governance best practice from the outset, through:
  • • Implementation of governance and reporting through shareholders agreement, constitutive documents, employment contracts, employee handbook and ongoing compliance training.
  • • Activist Board role, combined with advanced MIS & reporting.
  • • Entrepreneurs and partners who have no interest in governance improvements.
Ethical practice
  • • Ethical practice warranty from the term sheet negotiations stage to avoid later surprises.
  • • “Walk away” policy in case of actual or possible bribery situations.
  • • Background checks on promoters through the Surya network.
  • • Sectors that afford interference from government or public figures.
© Surya Capital 2019