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EIG Global Energy Partners

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

          Overseas Private Investment Corporation
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Participated in stakeholder review and commentary on OPIC’s revised responsible investment policies.


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          We believe it is important to remain part of the broader ESG dialogue. EIG is committed to
dedicating human resources to participate opportunistically in networks and conferences in
order to stay at the forefront of emerging ESG issues and to support collective initiatives, as appropriate.
        

Frequency of contribution

Description

          In 2017, EIG contributed to the Environmental Defense Fund (EDF) / PRI’s “Investor’s Guide to Methane: Engaging with Oil and Gas Companies to Manage a Rising Risk”. Through this Guide, the EDF and PRI provide “constructive tools for investors to engage with oil and gas companies on methane reporting and mitigation, to engage with senior management in constructive dialogue, and to identify concrete actions to improve methane performance”.
Additionally, EIG’s ESG Committee has been in active dialogue with the EDF to learn best practices for emissions measurement and reduction. EIG is taking proactive steps to understand new investment and existing portfolio companies’ methane emissions and practices, and in 2019, EIG began requiring all upstream companies to complete methane emissions questionnaires to in order to track emissions from EIG portfolio companies. Based on these discussions with and information from portfolio companies, EIG plans to assess overall portfolio risk to (i) reputation (ii)  basin or state-specific regulatory requirements and (i) economics. EIG aims to lead and leverage its reputation and network amongst upstream and midstream capital provider peers to create or participate in a coalition by which methane emission best practices become standardized.  EIG has met with two leading private equity firms to discuss coalition or partnership efforts, and is currently collaborating with partners to host a Methane Emissions Summit in the coming months in which best practices and new technologies are shared across private equity firms, upstream/midstream operators, and technology or service companies.
        

Frequency of contribution

Description

          Our incorporation of ESG into the investment process has resulted in EIG being able to, in part, impose improved controls and processes at the portfolio company level.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]


SG 11. Dialogue with public policy makers or standard setters (Not Completed)


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