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INFRAVIA CAPITAL PARTNERS

PRI reporting framework 2019

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Outputs and outcomes

INF 17. ESG issues affected financial/ESG performance

17.1. Indicate whether your organisation measures how your approach to responsible investment in Infrastructure investments has affected financial and/or ESG performance.

Describe the impact on:
Impact
Funds' ESG performance

17.2. Describe how you are able to determine these outcomes.

InfraVia Capital Partners does not measure on a rolling basis how ESG issues affect financial performance of its assets. However InfraVia Capital Partners is well aware that safety accidents, poor maintenance, or environmental pollution, social strikes, governance matters, can detrimentally impact the financial performance of an asset and the fund. Any of these kind of incidents can be directly assessed by InfraVia Capital Partners through financial models. In 2018 InfraVia Capital Partners signed a partnership with Sirsa, a company specialized in ESG data monitoring through a digital reporting platform. All portfolio companies have answered a questionnaire of over hundred data points, allowing to collect, compare, monitor, analyze and consolidate extra-financial information across the portfolio. Example of measured ESG criteria are : (i) Number of Full-Time Equivalents, (ii) Number of accidents, (iii) Clean energy produced, (iv) Gender equality, (v) formalisation of code of ethics, (vi) activities in high risk countries, (vii) bribery and money laundering prevention procedures, (viii) data protection compliance, (ix) environmental risk assessment, (x) hazardous waste treatment, ….


INF 18. Examples of ESG issues that affected your infrastructure investments

18.1. Provide examples of ESG issues that affected your infrastructure investments during the reporting year.

ESG issue
          Maintenance
        
Types of infrastructure affected
          Example 1 : Motorway section between Munich and Augsburg (Germany). Example 2 : Electricity distribution company in Finland.
        
Impact (or potential impact) on investment

Example 1 : The maintenance of the A8 highway is one of the key monitoring matters that concentrate more than 50% of the company resources.

Example 2 : Development of efficient maintenance program on the electricity grid is providing strong reliability and customer satisfaction.

Activities undertaken to influence the investment and the outcomes

Example 1 : ESG are systematically address in the maintenance program, such as noise reduction, road surfacing, water treatment, employment, and training.

Example 2 : Special focus of safety and quality performed in 2018. Safety first “gets us home safe today and everyday”.

ESG issue
          Energy Efficiency
        
Types of infrastructure affected
          Datacenters projects
        
Impact (or potential impact) on investment

Cost and operational efficiency implication. Development of state-of-the-art energy efficiency with good PUE (ratio of total amount of energy used by a computer datacenter facility to the energy delivered to computing equipment). PUE is a measure of how efficiently a computer datacenter uses energy.

Activities undertaken to influence the investment and the outcomes

Research and development program in place, part of which aims at continuous research and improvements in energy consumption.

ESG issue
          Social : equal opportunities management
        
Types of infrastructure affected
          Hospital
        
Impact (or potential impact) on investment

Promotion of equal treatment and respect of staff, which include a code of conduct policy, equal opportunities in employment policy and preventing & dealing with bullying & harassment at work policy.

Activities undertaken to influence the investment and the outcomes

The company offers extensive learning and development opportunities for its staff. It offers tailored, action-oriented programs for managers to complete as they develop in their roles and career. These include Managing People Program, Leadership in Action, High Potentials Program. Regular interactive in-service education sessions are provided for all staff as part of a strong program of educational support across all functions aligned with individual developmental goals and the organization’ priorities.

ESG issue
          Quality of care
        
Types of infrastructure affected
          Nursing Homes
        
Impact (or potential impact) on investment

With the support of its shareholders, the company has set an even more ambitious target for itself : it aims not only to become the biggest, but also to become widely regarded as the best in terms of quality of care.

Activities undertaken to influence the investment and the outcomes

Application of the Donabedian model, which is a framework for evaluating quality of health care. The best way of measuring quality of care is to monitor the structures of care, the processes of care, and the outcomes of care. Structures relate to setting and context in which care is delivered. Processes are the interactions between care-givers and residents, ensuring that the company is compliant with evidence-based and best practices. Finally, outcomes of care refer to the impact of care on residents.

18.2. Additional information.


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