We think that any innovation today should be in the direction of SDG.
The United Nations proposed 17 goals towards a better world and a better humanity.
Because, if a person has no water, he won’t care about CO2. Therefore, an all-round development is required.
The startups selected by Xegate move toward this direction and respect these criteria.
There’s not yet a reliable way to evaluate the impact that a startup, there isn’t any real metric and so nowadays most of the venture capitals measure startups only with financial metric.
We believe something should change, starting from the institutions.
And, by selecting and assisting the Teams in countries with low Tech Input, Xegate is already working in the direction of the SDG’s, especially for number 10, to Reduce inequality.
We examine startups in depth according to ESG criteria to assess their position compared to their peers. Our ESG philosophy is based on the belief that rigorous application of ESG analysis can improve risk-adjusted returns, and the company's commitment is an integral part of successful investments. An improvement in ESG profiles should result in a lower cost of capital. In our view, companies pursuing a marked improvement in their ESG profile. Conversely, if a firm presents high ESG risks and does not actively seek to mitigate them and improve its ESG profile, it is very likely that its value will be affected. The identification and measurement of the risks and opportunities associated with ESG factors have the advantage of simultaneously supporting the environmental and social benefits.
We strongly believe that ESG factors improve risk-adjusted returns by reducing investment risk and creating value. We believe that a well-managed, responsible company that cares about people, customers and the environment is more likely to show a better seal and outperform its counterparts than one that does not have these characteristics. ESG analysis can provide valuable information on the factors that can significantly affect a company's financial parameters, allowing us to make more informed investment decisions.
Because our people are our most precious asset, occupational safety and health are our first consideration at all times. We apply strict health and safety procedures to all aspects of our operations, from everyday office activities to highly complex offshore technical drilling activity.
We’re working to continuously learn, share and improve personal safety efforts by embedding safety leadership into our culture, fully engaging all employees in safety and providing a safe work environment for all employees and contractors.
As a global citizen, protecting and maintaining the environment is paramount at all of our operations and we are constantly seeking ways to minimize the environmental impact of our activities, reduce waste, conserve resources and respect biodiversity. We will achieve this through operational reliability, as well as continued investment in research to develop incremental and breakthrough technologies that reduce our footprint on environment.
Doing business in a clear, open way is a commitment we work hard to keep, and we promote transparency where possible throughout our industry.
The Xegate General Business Principles state our insistence on honesty, integrity and fairness in all aspects of our business. The direct or indirect offer, payment, solicitation or acceptance of bribes is unacceptable.
Respect is one of Xegate’s values and guides how we interact with all those who meet our operations.
We are committed to identifying and addressing human rights risks and impacts directly linked with our business activities, including the rights of our workforce and those living in communities affected by our activities.
Our current focus areas include the recruitment, working and living conditions of contracted workforces at our sites, responsible security, community grievance mechanisms and channels for workforces to raise their concerns.
We encourage employees, contractors, communities and other third parties to speak up if they see something they think could be unsafe or unethical. At our worksites we help make sure people are aware of our confidential global helpline Open Talk, our community complaints systems and workforce grievance mechanisms.