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Ardian

PRI reporting framework 2017

You are in Direct - Infrastructure » Overview

Overview

INF 01. Breakdown of investments

01.1. Indicate the level of ownership you typically hold in your infrastructure investments.

01.2. Additional information. [Optional]

Ardian always seeks to secure an ownership and governance model that favours alignment of interests between investors and portfolio companies.

For its Infrastructure deals, which usually involve both industrial and financial shareholders, Ardian plays an active role despite no systematic majority stakes. It is critical for Ardian to seat on the Board of its portfolio investments in order to closely monitor progresses, provide adequate support and efficiently influence management's deployment of the firm's value creation strategy. In its direct activity, Ardian seats on 69 portfolio companies, and more specifically on every Board of the 26 assets  in Ardian's infrastructure portfolio.


INF 02. Breakdown of assets by management

02.1. Provide a breakdown of your organisation’s infrastructure assets based on who manages the assets.

Infrastructure assets managed by

Breakdown of your infrastructure assets (by number)

Managed directly by your organisation/companies owned by you

Managed via third-party operators appointed by your organisation/companies owned by you

Managed by other investors/their third-party operators

Total

100%

02.2. Additional information. [Optional]


INF 03. Largest infrastructure

03.1. Indicate up to three of your largest infrastructure sectors by AUM.

Sector

Main infrastructure sectors (by AUM)

Largest infrastructure sector

Second largest infrastructure sector

Third largest infrastructure sector

03.2. Additional information.


INF 04. Description of approach to RI

04.1. Provide a brief overview of your organisation’s approach to responsible investment in infrastructure where you have equity stakes.

At the heart of Ardian's culture lies a commitment to responsibly create enduring value. Our role as long term shareholder is to foster growth that is both sustainable and shared by all stakeholders.

In practice, Ardian strives to keep up with the highest standards in its investment practices as we are convinced it will improve the company's performance in the long run: both reducing risks and improving management practices of portfolio companies and funds, as well as making Ardian a more responsible shareholder and employer.

Ardian is an active signatory of the PRI since 2009. In line with this commitment, Ardian integrates ESG considerations at all stages of the investment process for all of its investment activities.

In addition to this mainstream approach, Ardian applies a negative screening approach and strictly avoids investing in companies that operate in sectors it considers unethical, such as firearms and tobacco.

Ardian strongly believes that alignment of interests is a key lever for long term value creation. It was the first private equity firm in France to call for the redistribution of a portion of buyout capital gains to employees of portfolio companies, and always seeks to extend portfolio companies' profit sharing mechanisms whenever possible.


INF 05. Responsible investment policy for infrastructure

05.1. Indicate if your organisation has a responsible investment policy for infrastructure.

05.2. Provide a URL if your policy is publicly available.

05.3. Additional information. [Optional]

Please find attached Ardian’s Responsible Investment Policy which provides details for ESG integration for Infrastructure funds at each stage of the investment process.


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