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Colonial First State Global Asset Management (including First State Investments)

PRI reporting framework 2017

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Stakeholder engagement

INF 19. Proportion of stakeholders that were engaged with on ESG issues

19.1. Indicate which stakeholders your organisation, and/or operators, engaged with on ESG issues in relation to your infrastructure assets during the reporting year and what proportion of your investments they apply to.

Stakeholders engaged

Percentage of infrastructure assets these apply to

 (in terms of number of infrastructure assets)

Percentage of infrastructure assets these apply to

 (in terms of number of infrastructure assets)

          Supply chain contractors & adjacent businesses
        

Percentage of infrastructure assets these apply to

 (in terms of number of infrastructure assets)

          Government (non-regulatory arms) & Customers
        

Percentage of infrastructure assets these apply to

 (in terms of number of infrastructure assets)

19.2. Describe your approach to stakeholder engagements in relation to your infrastructure assets.

Each portfolio company generally has dedicated resources that engage with stakeholders on ESG issues and it is in almost all instances incorporated into line management key performance indicators. For example, CEO's of investment companies often present to community groups and engage directly with regulators and politicians on ESG issues. Many of our investee companies operate within a proscribed regulatory environment and as such, there are also dedicated staff for engagement with relevant regulators.

In many instances our portfolio companies have formal community engagement forums set up that provide communities with an opportunity to communicate directly with the upper management of the company about concerns they may have on the operation of our assets. These engagement forums are either set up through open invitation or via formal regulator appointment mechanisms.  One recent example is a multi-million dollar project at one of our airport businesses that is in the midst of major development.  The project will involve detailed airspace design and noise modelling, including forecast noise modelling with growth in flights over the very long term. Stakeholder engagement will include the preparation of a multi-platform interactive noise model and engagement tools such as displays, experience centre, printed media and social media.  The stakeholder engagement will not just be implemented during the development phase but after opening and during regular operations. 

We are also a member of, or engaged in, a number of forums that bring us in contact with various stakeholders in our investment space. This includes the Investor Group on Climate Change and the Long Term Infrastructure Investors Association.  


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