To oversee both the corporate and investment-related initiatives, EIG has constituted an ESG Committee. The ESG Committee reviews ESG diligence on each new investment, reviews escalated ESG issues, and may identify further areas where additional diligence is warranted prior to presentation to the Investment Committee or prior to signing/closing the investment.
The formal ESG policy is well integrated within EIG’s investment process. Investment professionals concentrate on key areas when conducting due diligence on transactions, and consider the UN PRI focus areas.
EIG investment professionals are expected to focus specifically on ESG issues when conducting transaction diligence. In order to assist the transaction teams with identifying issues that should be explored as part of this diligence process, the ESG Committee has devised a series of topical diligence checklists for each Environmental, Social, and Governance issues. As appropriate, outside consultants are employed to assist with diligencing environmental and social issues.
Further to conducting ESG diligence, all EIG investment professionals, together the CEO/Chairman of the Investment Committee, President, COO, and CFO undertake a quarterly asset‐by‐asset review of all current investments in the EIG portfolio. During each quarterly review, quantitative and qualitative information specific to each investment, inclusive of ESG issues and updates, are reviewed and discussed.