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Ainda, Energia & Infraestructura

PRI reporting framework 2020

You are in Direct - Infrastructure » Post-investment (monitoring and active ownership)

Post-investment (monitoring and active ownership)

Overview

INF 11. ESG issues in post-investment activities

11.1. Indicate whether your organisation and/or operators consider ESG issues in post-investment activities relating to your infrastructure assets.

11.2. Indicate how your organisation, and/or operators, considers ESG issues in the following post-investment activities relating to your infrastructure assets.

11.3. Describe how your organisation, and/or operators, considers ESG issues in post-investment activities related to your infrastructure investments. [Optional]

As previously mentioned, Ainda and PINFRA undertake the following actions in its AUM in northern Mexico:

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.

Ainda has a hands-on approach in the assets that we manage. Therefore, we actively participate in the SPV's board meetings and, as part of our commitment with PRI, we push the RI agenda of the SPV in which we are currently invested. Among the actions we are taking as board members is the recommendation that the SPV develops capabilities to focus primarily on following-up the ESG actions and goals previously mentioned. This team must have a performance evaluation and incentive system based on ESG issues.


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

          Greenhouse gas emissions
        
          Number of reforested hectares
        
          Liters of water reused
        

List up to three example targets per issue

          Number of new jobs created
        
          Number of business in the rights of way created
        
          Kilometers of local roads new or restored
        

List up to three example targets per issue

          Percentage of RI goals achieved
        
          Number of staff dedicated to ESG issues
        
          ESG meetings per year
        

12.3. Additional information. [Optional]


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]

Our organization is engaged in the management of the invested assets by actively participating in Board meetings with voting rights and promoting the systematic monitoring of ESG issues.

For example, in the case of the highway asset we have in northern Mexico, ESG issues and related actions are reviewed at the quarterly Board meetings.


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


Infrastructure Maintenance

INF 15. Proportion of maintenance projects where ESG issues were considered

15.1. Indicate the proportion of active infrastructure maintenance projects where ESG issues have been considered.

(in terms of number of active maintenance projects)

15.2. Describe your approach to ESG considerations for infrastructure maintenance projects. [Optional]

Our investment policy do not include infrastructure maintenance projects.


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