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EIG Global Energy Partners

PRI reporting framework 2019

You are in Direct – Private Equity » Pre-investment (selection)

Pre-investment (selection)

PE 05. Incorporating ESG issues when selecting investments

05.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

05.2. Describe your organisation's approach to incorporating ESG issues in private equity investment selection.

 

Pre-Investment ESG Diligence

  • EIG investment professionals focus specifically on ESG issues when conducting transaction diligence for covered Funds
  • EIG engages external advisors, as appropriate, to assist in performing due diligence on social, governance and environmental issues
  • ESG Committee may identify further areas where additional diligence is warranted prior to presentation to the Investment Committee or prior to signing/closing the investment and will identify material ESG issues to the Investment Committee
  • For each new investment, an ESG Report is prepared and presented to Investment Committee
  • Upstream transactions take APG “Guidelines on Unconventional Gas Operations” into consideration

05.3. Additional information. [Optional]


PE 06. Types of ESG information considered in investment selection

06.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

06.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.

In addition to the already thorough diligence conducted by our investment teams to assess the economic suitability of a potential investment, our investment professionals also, in tandem, will conduct ESG-specific diligence to assess non-strictly financial considerations relating to sustainable development, environmental stewardship, social equity and corporate governance. The basis for EIG's ESG diligence process is a series of checklists, drawing on guidance from development finance institutions, non-governmental organizations and investment industry groups. Further, in connection with the due diligence process, EIG would also typically engage legal counsel and specialist consultants where appropriate.

The deal team, typically working with outside consultants, will prepare a draft ESG memorandum for submission to the ESG Committee. The ESG process typically takes place in advance of formal Investment Committee consideration and any ESG issue identified as part of the ESG Committee review is escalated to the Investment Committee for consideration as part of the final Investment Recommendation.


PE 07. Encouraging improvements in investees (Private)


PE 08. ESG issues impact in selection process (Private)


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