Selection of third-party operators depends on the nature of the investment. In instances where we are responsible for the development and formation of a new project, we will have direct responsibility for the engagement of third party operators. In such circumstances we have direct control over the appointment, the contractual structure and establishment of the monitoring framework for the third party operator. In instances where we acquire an existing business, with an existing operating structure, we ensure that the corporate policies of the investee company are in accord with our fund policies, and we seek to ensure management comply with such policies through our governing role with the investee company. In such instances, we expand and improved ESG programs, when and where necessary.

Operating & regulatory framework - organizational experience and expertise, corporate policies, environmental policies, accreditation with industry bodies, operational record against national and international standards of practice, employment policies, suitably licensed to operate 

Reporting framework - e.g. environmental performance standards, occupational health and safety reporting (such as contractor near misses and LTIs), governance framework for the operator 

Performance objectives - e.g. contractual terms which penalize poor environmental performance