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INFRAVIA CAPITAL PARTNERS

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Infravia Capital Partners has developed an ESG sustainable development policy that has been specifically developed for the infrastructure sector. This policy is based on: (i) a Sustainable Development Charter; (ii) guidelines covering 8 main areas, including social inclusion, environmental impact, KYC, adoption of appropriate governance principles, social relations, health and safety, etc. This policy is deployed throughout the portfolio of companies and defines indicators to monitor performance.This approach is also consistent with the work carried out by OFI Asset Management, active in the field of social enterprise and a pioneer in SRI fund management initiatives. Since 2011, Infravia Capital Partners has dedicated resources, spread over its team, focusing on the implementation and monitoring of ESG. Infravia Capital Partners reports ESG in its Annual Reports, which includes a quantitative and qualitative evaluation of ESG policies for each portfolio company and for the management company.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Infravia Capital Partners Sustainable Charter

Sustainable development is at the core of Infravia Capital Partners activity : as an infrastructure fund management company, our mission is to address the needs of investors looking for regular and predictable financial returns over a long-term investment period. Infrastructure projects contribute to the economic development of local communities and generate local employment whilst taking environmental considerations into account. As investors in such projects, we are naturally led to act responsibly and to show commitment to the sustainable development principles.

Improving sustainable development practices reinforces long-term value creation : The infrastructure assets in which we invest have a lifetime spanning several decades. We believe that improving environmental, social and governance criteria addresses our sustainable development responsibilities at the same time as focusing on the risk profile and profitability of these assets.

1 - Following sound governance practices : A strict governance process is applied at both investment and management stages: Our investment decisions are initially made by an independent investment committee, seeking either internal or external specialist input on a case-by-case basis as required (sector-specific, financial, legal or industrial). As hands-on investors, we ensure that a suitable governance structure is in place, in line with the interests of the project and of our partners.

2 - Optimizing social impact and respecting human capital : As investors, we foster the development of local communities with regard to both public and private counterparties and human capital: We invest in essential infrastructure that contributes to the area’s socio-economic development programme and promotes local employment. Our projects comply with the 8 fundamental conventions drawn up by the International Labour Organisation (ILO).  We ensure that sound business practices are systematically applied (regulatory compliance to prevent conflicts of interest, corruption, money laundering, etc.) and that a constructive working relationship is established with all stakeholders involved in our projects.  We believe that all counterparties stand to gain from a private investment scheme, particularly when ensuring that costs and deadlines are met on construction sites and that maintenance standards are upheld.

3 - Taking care of the environment : Our environmental strategy is two-fold: control and reduce any costs to the environment; and promote high added-value environmental solutions. We strongly believe in reducing the environmental impact of the assets we finance (lowering CO2 emissions and other polluting substances in the air or water; mitigating any visual or sound pollution; optimizing energy or water consumption; preserving biodiversity). These efforts are coordinated at both construction and operation stages and in compliance with our counterparties’ own principles. We support the renewable energy production and distribution industries by financing these sectors, using these energy sources in our own projects, and by fostering energy savings.

Implementation of the Charter : the Charter applies broadly across our investment process, committing us to our sustainable development responsibilities and ensuring that we address these environmental, social and governance matters throughout the lifecycle of our investments. The Charter applies to the analysis of investments, the management of assets, and the reporting to investors, shareholders and stakeholders.

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Due to its regulated status, the Manager is subject to specific rules in relation to conflict of interest management and in this regard, maintains procedures in order to identify and manage them should they arise. Rules applicable to most frequent conflict of interests will be described in the Constitutive Documents of the Fund. Such rules include the following (i) Co-investment alongside affiliated funds and/or affiliated enterprises, and (ii) Terms and conditions for the sale or acquisition of interests from or to affiliated enterprise.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within portfolio companies.

04.2. Describe your process on managing incidents

Incidents reports provided at portfolio board level on a case-by-case basis.


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