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Ainda, Energia & Infraestructura

PRI reporting framework 2020

You are in Direct - Infrastructure » Selection, appointment and monitoring of third-party infrastructure operators

Selection, appointment and monitoring of third-party infrastructure operators

INF 10. ESG issues in selection, appointment and monitoring of third-party operators

10.1. Indicate if your organisation includes ESG issues in your selection, appointment and/or monitoring of third-party operators.

10.2. Indicate your organisation includes ESG issues in your selection, appointment and/or monitoring of third-party operators.

10.3. Provide a brief description of your organisation’s selection, appointment and monitoring of third-party operators. [Optional]

As part of our internal policies, Ainda hires a third-party to perform an intelligence market analysis (including but not limited to a Know-Your-Customer or “KYC” analysis) with the purpose of identifying any potential conflicts with regards to bribery and mismanagement of ESG risks, among others. This is performed for potential equity partners (both on an individual or enterprise level) and operators. Ainda is very selective with this criterion, in order to have the best partners and operators in the market.

In addition, Ainda requires all third-party operators to explicitly include the evaluation and attention of ESG issues in their processes. Ainda also includes best efforts from both parties in the contract to comply with UNPRI principles. We also require that the operators include talented staff to manage and mitigate risks related to environmental, social and governance issues.     

Ainda also ensures that the SPV or equivalent figure is properly staffed with the necessary resources to monitor ESG risks and opportunities in line with recommendations provided by the external auditor.

10.4. Describe how your third-party operators contribute to the management of ESG issues for your infrastructure investments. [Optional]

In the case of the highway asset we are currently invested in northern Mexico, our partner and project operator is PINFRA, the largest private highway operator in the country. Therefore, their management is experienced in identifying and mitigating ESG risks. For example:

Social

  • PINFRA has relevant experience in managing community relations. In our project they are currently recycling construction materials to rehabilitate local roads for the benefit of adjacent communities

  • Average employee compensations are 350% above the minimum wage.

Environmental

  • PINFRA has implemented a GHG emission measurement system that is allowing the company to meet carbon emission reduction goals.
  • The design of toll plazas includes water recycling systems.
  • PINFRA is reforesting 124 hectares in the region.
  • Since the asset is somewhat exposed to hurricanes, a so-called “culvert design” has enhanced their capacity to increase project resilience to this risk.

Governance

  • The O&M and SHA contracts include commitments to implement PRI and to continuously monitor and measure ESG risks and opportunities.
  • Ainda also has a robust corporate governance structure (minority rights, reserved matters, etc..) in the SPV that prevents bribery risks and conflicts of interest.

 


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