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EIG Global Energy 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.

EIG is committed to ensuring that its investments are made in a manner that considers ethical and social integrity and promotes sound environmental management practices.

EIG conducts ESG-specific diligence to assess considerations relating to sustainable development, environment stewardship, social equity and corporate governance. Each investment recommendation includes a section specifically addressing the ESG risks and mitigation measures identified during diligence and deemed by the ESG Committee to be relevant. EIG’s formal ESG policy is well integrated within EIG’s investment process. Investment professionals concentrate on key areas when conducting due diligence and consider the UN PRI focus areas.

Additionally, and as applicable, EIG considers ESG in its closing process.  For example, obtaining representations and warranties serve as an important supplement to our ESG diligence.

After an investment is made, covenants may require (i) periodic reporting on select ESG metrics, (ii) notification by portfolio companies on the occurrence of events that implicate ESG concerns. Additionally, quarterly asset-by-asset reviews are conducted by investment professionals and senior management with specific reference to ESG issues. Further, EIG seeks to maintain board of director seats / board observation rights which allow EIG to monitor, initiate, and participate in ESG discussions at the portfolio company level.

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]

EIG is committed to promoting sustainable practices in its own affairs as well as through the investments that are made by the funds EIG manages. EIG first adopted responsible investment guidelines in 2010. Since then, EIG has enhanced and broadened its focus on ESG issues associated with its investments.

EIG conducts ESG-specific diligence to assess financial considerations relating to sustainable development, environment stewardship, social equity and corporate governance. For each new prospective investment, the investment recommendation will include a section specifically addressing the ESG risks and mitigation measures identified during the diligence process and deemed by the ESG Committee to be relevant to the investment committee. EIG has a formal ESG policy, that 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.

In addition to pre-investment ESG due diligence, and as applicable, EIG considers ESG in its closing process.  For example, obtaining representations and warranties in our investment documents serve as an important supplement to our ESG diligence practices.

After an investment is made, covenants in our investment documents may require (i) periodic (both quarterly and annual) reporting on select ESG metrics, and/or (ii) notification by portfolio companies on the occurrence of specific events that implicate ESG concerns. Additionally, quarterly asset-by-asset reviews are conducted by EIG investment professionals and senior management with specific reference to ESG incidents or issues. Further, EIG seeks to maintain board of director seats and/or board observation rights which allow EIG to monitor, initiate, and participate in ESG discussions at the portfolio company level.

01.6. Additional information [Optional].

          
        
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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.

URL/Attachment

URL/Attachment

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.

As a registered investment adviser, EIG is a fiduciary to its advisory clients and owes a fiduciary duty to each advisory client of the firm. EIG maintains a Code of Ethics policy, which protects the interests of each of its clients and places the client's interests first and foremost in each and every situation. EIG adheres to Section 206 of the Advisers Act which establishes federal fiduciary standards to govern the conduct of investment advisers. Further, EIG has Advisory Committees, which are Fund specific bodies that meet at least annually and serve in a consultative capacity on various Fund matters including, most notably, consideration of transactions and events that may be deemed to present a potential conflict of interest between a Fund and the General Partner and its affiliates including other Funds. The Committee typically is comprised of a representative of the General Partner and a majority of Limited Partners who are not affiliated to the General Partner of the Fund and are selected as representatives of the Limited Partners of the Fund.

 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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