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Relationships with Local Indigenous Communities

We will avoid investing in companies involved in major controversies over their relationship with or impact on local indigenous communities. Such controversies may relate to significant negative impact or to issues such as a company’s failure to respect the rights of indigenous peoples. In identifying such failure a significant parameter will be a company’s formal and/or informal compliance with the principles of Free, Prior and Informed Consent.   Formal acceptance and implementation of these principles is not required; however “reasonable and accountable” compliance with the principles is required. A systematic failure to comply with these principles will exclude a company from the investments of the OIP.