Introduction

Serendib Capital recognizes the vital importance of respecting the rights, traditions, and cultural heritage of Indigenous Peoples and Local Communities (IPLCs) in all our activities and investments. This policy outlines our commitment to upholding the rights and well-being of IPLCs in accordance with UK and international laws, including the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) and the International Labour Organization (ILO) Convention No. 169

Principles

Free, Prior, and Informed Consent (FPIC): Serendib Capital acknowledges that IPLCs have the right to grant or withhold their FPIC for any project that may affect their lands, resources, or livelihoods. We commit to engaging in meaningful consultation and negotiation processes with IPLCs to obtain their consent before proceeding with any project.

Respect for Cultural Heritage: We respect and value the cultural heritage of IPLCs, including their traditional knowledge and practices. We will work to protect and preserve this heritage and ensure that our projects do not harm or undermine it.

Land and Resource Rights: We recognize the land and resource rights of IPLCs and commit to respecting these rights as recognized by UK and international laws. We will not engage in activities that infringe upon IPLCs’ rights to their ancestral lands and territories.

Community Development: We will seek to create positive social and economic impacts on IPLCs through our investments. This includes supporting community development initiatives that enhance the well-being and self-determination of IPLCs.

Implementation

Due Diligence: Before engaging in any project or investment that may affect IPLCs, Serendib Capital will conduct thorough due diligence to assess potential impacts on IPLCs and their rights.

Consultation and Negotiation: We will engage in open, transparent, and culturally sensitive consultation and negotiation processes with IPLCs to seek their input, address concerns, and obtain their FPIC.

Capacity Building: We will support IPLCs in building their capacity to engage effectively in consultations and negotiations, ensuring that they have the information and resources needed to make informed decisions.

Conflict Resolution: In the event of disputes or conflicts, we will seek peaceful and mutually acceptable solutions through dialogue and mediation, respecting the rights and dignity of all parties involved.

Continuous Improvement: Serendib Capital will continuously review and improve our policies and practices related to IPLCs, incorporating lessons learned and best practices to ensure that we uphold our commitment to their rights and well-being.

Reporting and Transparency

Serendib Capital will provide regular reports on our interactions and engagements with IPLCs, including the status of FPIC processes and the outcomes of consultations. We will maintain transparency in our operations to build trust with IPLCs and stakeholders.

Compliance and Accountability

Failure to adhere to this policy may result in disciplinary action, including the termination of business relationships or investments. Serendib Capital is committed to being held accountable for our actions and ensuring that our investments contribute positively to the rights, well-being, and empowerment of IPLCs.