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Impax Asset Management

PRI reporting framework 2017

Export Public Responses

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Post-investment (monitoring)

PE 11. Proportion of companies monitored on their ESG performance

11.1. Indicate whether your organisation incorporates ESG issues in investment monitoring of portfolio companies.

11.2. Indicate the proportion of portfolio companies where your organisation included ESG performance in investment monitoring during the reporting year.

 (in terms of total number of portfolio companies)

11.3. Indicate ESG issues for which your organisation typically sets and monitors targets (KPIs or similar) and provide examples per issue.

ESG issues

List up to three example targets of environmental issues

          That our renewable energy investments (mainly wind and solar) continue to be compliant with the rigorous EU environmental permits.
        
          Continued monitoring of issues regarding flora and fauna potentially being affected by wind and solar farms.
        
          Continued monitoring of issues regarding soil and water potentially being affected by wind and solar farms, e.g. peat run-off.
        

List up to three example targets of social issues

          Continuing local stakeholder engagement, post-investment.
        
          Continuing monitoring to ensure that applicable employment laws and health and safety regulations are observed when contractors are engaged.
        
          
        

List up to three example targets of governance issues

          Continuing monitoring of the integrity and practices of our investment counterparties.
        
          Continuing monitoring of ownership and oversight of governance systems.
        
          
        

11.4. Additional information. [Optional]

We have also report on carbon avoidance from our on-going renewable energy private equity projects, as part of our Montreal Pledge disclosures.


PE 12. Proportion of portfolio companies with sustainability policy

12.1. Indicate if your organisation tracks the proportion of your portfolio companies that have an ESG/sustainability-related policy (or similar guidelines).

12.2. Indicate what percentage of your portfolio companies has an ESG/sustainability policy (or similar guidelines).

(in terms of total number of portfolio companies)

12.3. Additional information. [Optional]

Most of our private equity investments are into projects, not operating companies per se, however all of our projects and investments need to obtain rigorous EU environmental permits.


PE 13. Actions taken by portfolio companies to incorporate ESG issues into operations

New selection options have been added to this indicator. Please review your prefilled responses carefully.

13.1. Indicate the types of actions taken by your portfolio companies to incorporate ESG issues into operations and what proportion of your portfolio companies have implemented these actions.

Types of actions taken by portfolio companies

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

13.2. Describe how your organisation contributes to the portfolio companies’ resourcing and management of ESG issues.

ESG aspects are integral for the success of renewable energy infrastructure projects, in order to obtain and maintain the required permitting, therefore the entire investment team, including senior management are focused on these issues.


PE 14. Type and frequency of reports received from portfolio companies

14.1. Indicate the type and frequency of reports you request and/or receive from portfolio companies covering ESG issues.

Type of reporting 

Typical reporting frequency 

14.2. Additional information.

We have also report on carbon avoidance from our on-going renewable energy private equity projects, as part of our Montreal Pledge disclosures.


PE 15. Disclosure of ESG issues in pre-exit

15.1. Indicate whether during the reporting year your organisation disclosed information on ESG issues to potential buyers prior to exit for private equity investments.

15.2. Apart from disclosure, describe how your organisation considers ESG issues at exit.

ESG aspects are integral for the success of renewable energy infrastructure projects, in order to obtain and maintain the required permitting, therefore these issues are crucial for potential buyers prior to exit.

15.3. Additional information.


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