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Ainda, Energia & Infraestructura

PRI reporting framework 2020

You are in Direct - Infrastructure » Pre-Investment (Selection)

Pre-Investment (Selection)

INF 05. Incorporating ESG issues when selecting investments

05.1. Indicate if your organisation typically incorporates ESG issues when selecting infrastructure investments.

05.2. Describe your organisation`s approach to incorporating ESG issues in infrastructure investment selection.

We consider ESG issues when first reviewing potential opportunities. The results of these analyses are assessed by our Committees in order to select opportunities with the best risk-return profile.

Investment strategy:

2. Analysis

  • Careful due diligence of the potential partner in the project by choosing companies with the highest performance and ethics standards in the industry.
  • Analysis of corporate governance structure in the SPV in order to avoid potential conflicts of interest and KYC risks
  • Assessment and mitigation of potential environmental and social risks, such as hurricanes, floods, earthquakes, social outbreaks and blockage of toll plazas, among others
  • Hire a third-party study for ESG risks and opportunities assessment
  • Internal and third-party review of applicable environmental and social permits
  • Use of GRESB standards and metrics to evaluate ESG risks

INF 06. ESG advice and research when selecting investments (Private)

INF 07. Examples of ESG issues in investment selection process

07.1. Indicate which E, S and/or G issues are typically considered by your organisation in the investment selection process and list up to three typical examples per issue.

ESG issues

List up to three typical examples of environmental issues

          Risks related to climate disasters, i.e., huricanes, earthquakes, floods
          Red flags for environmental permit issuance
          Water scarcity and water contamination

List up to three typical examples of social issues

          Opposition to rights-of-way acquisition for linear energy and infrastructure projects (for example, toll-roads, transmission lines, pipelines, etc).
          Blockages of toll plazas in toll roads.
          land use requirements

List up to three typical examples of governance issues

          Possible conflicts of interest with stakeholders
          Alignment of stakeholders interests
          Participation of independent institutions to help resolve conflicts

07.2. Additional information. [Optional]

INF 08. Types of ESG information considered in investment selection (Private)

INF 09. ESG issues impact in selection process (Private)