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Macquarie Asset Management

PRI reporting framework 2019

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Infrastructure Monitoring and Operations

INF 12. Proportion of assets with ESG performance targets

12.1. Indicate the proportion of infrastructure assets for which your organisation and/or operators included ESG performance in investment monitoring during the reporting year.

 (in terms of number of infrastructure assets)

12.2. Indicate ESG issues for which your organisation, and/or operators, typically sets and monitors targets (KPIs or similar) and provide examples per issue.

List up to three example targets per issue

          Compliance with applicable regulations
        
          
        
          
        

List up to three example targets per issue

          Health and safety
        
          
        
          
        

List up to three example targets per issue

          Executive and board remuneration
        
          
        
          
        

12.3. Additional information. [Optional]

Each portfolio company is expected to monitor its compliance with key ESG requirements, metrics and KPIs relevant for the specific business, sector and jurisdiction, resolving identified issues on a timely basis. It is also expected to report at least annually to its board and shareholders on developments.

MIRA as a fund or asset manager also seeks to ensure:

  • immediate reporting of any serious health, safety and environmental incidents to the portfolio company CEO and board, and to MIRA’s asset management and risk teams; and
  • quarterly reporting and monitoring of general health, safety and environmental performance.

INF 13. Proportion of portfolio companies with ESG/sustainability policy

13.1. Indicate whether you track the proportion of your infrastructure investees that have an ESG/sustainability-related policy (or similar guidelines).

13.2. Indicate the proportion of your infrastructure investees that have an ESG/sustainability-related policy (or similar guidelines).

(in terms of number of infrastructure investees)

13.3. Describe how your organisation, and/or your operators, contribute to the infrastructure investees’ management of ESG issues. [Optional]

Senior MIRA employees are appointed as non-executive directors to the boards of the portfolio companies in which MIRA-managed funds invest. They aim to ensure that each portfolio company establishes and maintains its own risk management framework, which incorporates ESG issues and supporting policies and procedures.

The adopted framework must, at a minimum, be adequate to ensure compliance with relevant regulation and standards in the country and industry in which the portfolio company operates. It should support the business to achieve and promote ESG management practices and be appropriate to the level of ESG risk in that business.

Each portfolio company is expected to monitor its compliance with key ESG requirements, metrics and KPIs relevant for the specific business, sector and jurisdiction, resolving identified issues on a timely basis. It is also expected to report at least annually to its board and shareholders on developments.

MIRA, as a fund or asset manager also seeks to ensure:

  • immediate reporting of any serious health, safety and environmental incidents to the portfolio company CEO and board, and to MIRA’s asset management and risk teams; and
  • quarterly reporting and monitoring of general health, safety and environmental performance.

INF 14. Type and frequency of reports received from investees (Private)


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