Harith Development Impact Report 2018

The purpose of this development impact report is to provide our stakeholders with a transparent account of how we addressed the most material environmental management, social responsibility and corporate governance issues during FY2021. We have also included material issues that may extend beyond these dates.

Against an international backdrop of changing political and economic priorities, Africa must take charge of industrialisation to unlock the considerable potential the young, rapidly urbanising population and growing consumer class offers. Africa is the world’s second largest and second most populous continent. Economic growth across the continent continues to strengthen, reaching an estimated 3,5% in 2018, and is projected to accelerate to 4% in 2019 and 4,1% in 2020. According to the African Development Bank, the working-age population will rise from 705 million in 2018 to nearly 1 billion by 2030.

The PRI Reporting Framework is a key step in the journey towards building a common language and industry standard for reporting responsible investment (RI) activities. This RI Transparency Report is one of the key outputs of this Framework. Its primary objective is to enable signatory transparency on RI activities and facilitate dialogue between investors and their clients, beneficiaries and other stakeholders. A copy of this report will be publicly disclosed for all reporting signatories on the PRI website, ensuring accountability of the PRI Initiative and its signatories.