Mubadala’s evolution as a global investor continued in 2020. In line with our long-term strategic vision, we conducted a thorough review of our structure and operating model to better enable our future growth aspirations and deliver on our mandate.
As a result, we have enhanced our investment decision-making and portfolio performance oversight.
Our corporate functions continue to enhance their effectiveness and service delivery, focused on enabling the investment teams while ensuring effective oversight and control.
We increased our efforts to adapt our policies and procedures to the business needs as well as the emerging global trends accelerated by the Covid-19 crisis.
We increased flexibility in our working arrangements, which resulted in increased productivity and greater empowerment and we launched an enterprise-wide data management program to help fast-track how we access, use and disseminate data, knowledge and analytics.
In addition, we are building on our ongoing efforts to prioritize responsible investing and adapting ESG practices across the portfolio. With this in mind, we have developed a long-term ESG Policy and Framework and have expanded our Responsible Investing Unit to carry out this important mission for Mubadala.
A Commitment to Good Governance
In September 2020, Mubadala became a full member of the International Forum of Sovereign Wealth Funds (IFSWF), a voluntary organization of global sovereign funds committed to the principles of best practice, dialogue, research, and self-assessment.
IFSWF represents a group of more than 30 sovereign wealth funds from around the world with various mandates. The organization encourages all members to adhere to and uphold the “Santiago Principles,” which consist of 24 generally accepted principles and practices designed to promote a more open dialogue and deeper understanding of SWF activities.
As a responsible investor managing a global portfolio, our membership of the IFSWF reinforces our commitment to ESG when considering investment decisions. It is also an opportunity for us to work with our partners to further good governance, accountability and transparent practices.