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3i Group plc

PRI reporting framework 2018

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework

Describe how you address ESG issues for internally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Infrastructure

3i's Infrastructure business follows the same approach to Responsible Investment and managing ESG issues as the Private Equity business. Please refer to the Private Equity module for further details.

There is one exception to this. In 2013, 3i took over management responsibility for two portfolios of Public Private Partnership ("PPP") investments from Barclays Bank plc.  A different approach is taken to portfolio monitoring of these investments due to the large number of PPP projects (over 100) and the fact that many of the underlying projects are very similar in nature (e.g. school buildings, hospitals, roads etc.)  Portfolio monitoring is therefore carried out at a portfolio level rather than on an individual project-by-project basis.  ESG issues across the PPP portfolio are reviewed and summarised on a quarterly basis, and any more significant issues are monitored in more detail on an asset by asset basis.

New PPP investments follow the procedures set out in the Private Equity module.

The effective implementation of the 3i RI Policy by the Infrastructure business is monitored internally by the 3i Group Risk Committee, and is subject to review by 3i's Internal Audit team.

16.2. Additional information [Optional].


SG 17. ESG issues for externally managed assets not reported in framework (Not Applicable)


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