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Ashmore Group plc

PRI reporting framework 2020

Export Public Responses

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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.

With regard to prospective investments, every investment has to go through: (i) Eligibility assessment based on an exclusion list; (ii) Categorisation and Screening according to environmental, social and governance impact using the International Finance Corporation IFC criteria (A, B, C type of impact); (iii) E&S due diligence process, based on local ESG regulation and IFC Performance Standards.

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

          Natural Resources: Compliance with the environmental permits and the emission limits to operate (environmental licence, water use, air emissions, hazardous waste registry, discharge permit).
          Biodiversity and ecosystem services: Environmental impact assessment should validate that, strategic ecosystems, critical habitats, endangered species and ecosystem services are not impacted.
          Contingency preparedness and risk assessment: Company is fully prepared in case of an environmental contingency and has the capacity to respond in a timely manner.

List up to three typical examples of social issues

          Labour: the prospect company must be aligned in terms of labour conditions, such as no discrimination, no child labour, forced labour, gender equality and others.
          Community Impact: The impact on the communities must be assessed, and the mitigation, corrective or compensation measures must be in place or planned.
          Grievance Mechanisms: External stakeholders must be able to approach the company with suggestions, questions and complaints.

List up to three typical examples of governance issues

          Fraud: Due diligence processes assess counterparties. Transparency in the provision of information is required.
          Processes: Code of Ethics, Conflict of Interest Policy, Data Protection Policy, Anti-money Laundering & Combating of Financing of Terrorism (AML, CFT) Procedures.
          Internal and External audit reports are reviewed for each investment.

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)