SBICAP Ventures - ESG Officer - Infrastructure Sector

- SBICAP Ventures Ltd (- SVL- ), a wholly owned subsidiary of SBI Capital Markets Ltd., is a private equity asset management company. It currently acts as the investment manager to the Neev Fund. Neev Fund is a SEBI registered Category I Infrastructure AIF and had its initial close in April 2015 with a corpus of c. INR 470 crores. It seeks to make equity & equity like investments in infrastructure and related companies and assets.

- Neev Fund has a mandate to invest in eight low income states/ developing states in India (viz. Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh and West Bengal) focused on infrastructure sub-sectors such as urban infrastructure (e.g. water and sanitation, waste management and social infrastructure sector such as healthcare, education, others having development impact, etc.), renewable energy (e.g. solar, wind, hydro, bio-mass energy, etc.), agricultural supply chain (e.g. warehouses, cold storages etc.), and state/ district roads.

- The potential returns from each investment of the Fund shall be assessed on double bottom line principles, i.e. adequacy of profit should also be accompanied with betterment of people (local populace), particularly women and girls, and planet (local and/or global environment).

- The Fund will commit to the environmental, social and governance standards (ESG) principles, objectives, policies, exclusion list and management systems etc. described in the Fund's ESG framework. This will include commitment to accord high priority to identifying and managing corruption and fraud risks in accordance with the ESG framework.

Role & Responsibilities :

ESG Officer shall be responsible for assessment and management of environmental and social impact and governance and compliance aspects of portfolio companies, along with the rest of the investment team. Additionally, he should be able to perform monitoring and evaluation of portfolio investments and any related reporting thereof. He should also be able to liaise with external third parties, including consultants, bankers etc.

Role expectations :

1. Impact assessment of prospective investment opportunity from ESG angle in the light of the overall ESG framework of the fund and preparation of the ESG section of Investment Committee collateral including notes and detailed appraisal documents (appraisal note, validation model);

2. Lead screening and pre-investment ESG due-diligence on the potential investees and manage, as part of deal teams, interactions with external consultants and advisors for ESG analysis of transactions;

3. Preparation & implementation of ESG assessment plan, and leading the development and implementation of ESG action plan in consultation with external and internal stakeholders.

4. Monitoring the performance of fund portfolio on ESG parameters in line with the ESG policy and goals of the fund;

5. ESG performance review of the portfolio companies and fund on annual basis or such other periodicity as may be required;

6. Review of company before divestment including assessment of actual social and environmental and governance results achieved through investment

7. Investor reporting on a quarterly and annual basis or such other periodicity as may be required;

8. Develop & maintain investor relations pertaining to ESG aspect of the investments & the Fund.

9. Appraising the eligibility and assessing suitability of an investment proposal in light of the ESG risks as well as the ESG framework of the Fund

Desired Skills :

1. Industry awareness :

- Understanding of ESG regulations and policy environment, especially pertaining to the investment policy of the Fund (e.g. at the national level, level of low income states and those applicable to the infrastructure sectors)

- Knowledge and understanding of the Infrastructure space; an ability to garner market intelligence and access information across the infrastructure space

- Knowledge and understanding of Private equity investments (in the Infrastructure space will be an added advantage)

2. Team skills :

- Internal communication and keeping rest of investment team updated on ESG and development issues of importance to the Neev Fund

- Leading by example and following the highest standards of personal and professional integrity and compliance with all applicable laws in dealing with fund matters

Assist senior Fund staff, across all assigned activities, in ensuring the success of the new fund (e.g. interactions with investors/LPs, interactions with government or business stakeholders etc.)

Qualifications :

1. Minimum [7-10] years of work experience

a. Out of the above, 2 years of experience in ESG related work.

b. Any experience in the Private Equity industry, particularly in Infrastructure investing will be considered an added advantage

2. Additional Preference :

a. ESG execution and monitoring experience in an investment role or equivalent.

b. Adequate exposure to ESG risks in the infrastructure sector

c. Knowledge and understanding of Private equity investments (in the Infrastructure space will be an added advantage)

d. Substantial understanding of achieving development impact through investments ( developmental indicators, frameworks etc)

e. Masters or Bachelor's Degree in Environmental Engineering, sustainability management or similar field, a plus

Position Code- ESG

Interested candidates are requested to send a cover letter and resume.

Last date for application is 10th November 2017.