Our Corporate Social Responsibility


In order to effectively manage the Group’s direct and indirect impact on society and the environment, the Board of Directors adopted a Code of Conduct and Ethics, as well as policies which relate to environmental and social matters, employees, anti-corruption and anti-bribery. Copies of these policies can be found on the Group’s website: https://georgiacapital.ge/governance/cgf/policies. We are pioneering sustainability practices in our business activities and across our portfolio and are constantly seeking new ways to improve our performance across the Group. We invite you to read more about these policies, practices and initiatives in the sections below, which also incorporates the non-financial information detailed under section 414CB of the Companies Act 2006.

As a Group, we are committed to a long-term investment strategy and maintaining effective relationships with those businesses in which we invest. We maintain close relationships with the management of our private portfolio companies as described within the Strategy section on pages 16 to 35 in the Annual Report 2020. As a consequence of our involved investment style, we manage our portfolio companies in the best interests of our shareholders and other stakeholders, as well as striving to contribute to wider society. We continue to meet with our shareholders and listen to any concerns they may have as further detailed in the Stakeholder Engagement section on page 129 to 131 in the Annual Report 2020. With a portfolio of GEL 2.9 billion as of 31 December 2020, we recognise that our decisions as a Group potentially impact a broad range of stakeholders, particularly within Georgia.

As an investment holding company with c.40 employees as of 31 December 2020, Georgia Capital has a limited direct impact on the environment and the community in which it operates. However, we realise that the indirect impact through our investment undertakings might also be an important consideration for our stakeholders. To ensure the Group’s commitment to sustainable finance, as an integral component of responsible corporate governance, we follow our Environmental and Social Policy.

The Group is committed to conducting its business in an environmentally, socially responsible and sustainable manner in order to reduce the environmental impact of its operations, while at the same time improving social performance to enhance long-term returns to its shareholders.

Georgia Capital is also committed to achieving its strategic and investment objectives while behaving responsibly as an employer and as an international corporate citizen. We foster long-term relationships with our main stakeholders by providing high returns on investment for shareholders, encouraging employees’ continuous development and contributing to the economic and social welfare of local communities, while taking into account our environmental footprint.

The Group does not invest in environmentally and socially sensitive business activities and focuses on opportunities for environmentally and socially responsible, and sustainable economic development. We also consider material ESG risks arising from our businesses. Georgia Capital recognises the increasing significance of ESG factors in the investment universe, and therefore adopts a positive approach to ESG oriented investment opportunities.