In addition to the already thorough diligence conducted by our investment teams to assess the economic suitability of a potential investment, our investment professionals also, in tandem, will conduct ESG-specific diligence to assess non-strictly financial considerations relating to sustainable development, environmental stewardship, social equity and corporate governance. The basis for EIG's ESG diligence process is a series of checklists, drawing on guidance from development finance institutions, non-governmental organizations and investment industry groups. Further, in connection with the due diligence process, EIG would also typically engage legal counsel and specialist consultants where appropriate.
The deal team, typically working with outside consultants, will prepare a draft ESG memorandum for submission to the ESG Committee. The ESG process typically takes place in advance of formal Investment Committee consideration and any ESG issue identified as part of the ESG Committee review is escalated to the Investment Committee for consideration as part of the final Investment Recommendation.