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Impax Asset Management

PRI reporting framework 2017

Export Public Responses

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Pre-investment (selection)

PE 07. Incorporating ESG issues when selecting investments

07.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

07.2. Describe your organisation's approach to incorporating ESG issues in private equity investment selection.

All of our Private Equity investments are in renewable energy infrastructure and need to be fully compliant with ESG-issues, in order to be considered for investment.

07.3. Additional information. [Optional]


PE 08. Types of ESG information considered in investment selection

8.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

          Legal and regulatory aspects in the local context.
        

8.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.

The assessment and mitigation of environmental, social and governance (ESG) risks are an integral and necessary consideration of our due diligence processes for each investment and go beyond simply complying with the applicable environmental laws and other permitting procedures. Our Investment Committee must approve all potential investments against our ESG-parameters and any breach prevents us from making an investment.


PE 09. Encouraging improvements in investees

9.1. During deal structuring, indicate if your organisation typically encourages continuous improvements from potential investees with regard to their management of ESG issues.

9.2. Describe the nature of these improvements and their ESG coverage.

ESG aspects are a key factor for obtaining project permitting and continued operation, therefore at all stages of the project life, full compliance and where possible improvements of ESG-processes must be achieved. Regulations can tighten over time, hence requiring our projects to remain compliant and stay abreast of any changes.

9.3. Additional information.


PE 10. ESG issues impact in selection process

10.1. Indicate how ESG issues impacted your private equity investment selection processes during the reporting year.

10.2. Indicate how ESG issues impacted your private equity investment deal structuring processes during the reporting year.

10.3. Additional information.

ESG aspects are a key factor for obtaining project permitting and continued operation, therefore at all stages of the project life, full compliance and where possible improvements of ESG-processes must be achieved.


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