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EIG Global Energy Partners

PRI reporting framework 2020

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

          See Additional Information 07.4
        

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

To oversee both the corporate and investment-related initiatives, EIG has constituted an ESG Committee. The ESG Committee reviews ESG diligence on each new investment, reviews escalated ESG issues, and may identify further areas where additional diligence is warranted prior to presentation to the Investment Committee or prior to signing/closing the investment.

The formal ESG policy is well integrated within EIG’s investment process. Investment professionals concentrate on key areas when conducting due diligence on transactions, and consider the UN PRI focus areas.

EIG investment professionals are expected to focus specifically on ESG issues when conducting transaction diligence. In order to assist the transaction teams with identifying issues that should be explored as part of this diligence process, the ESG Committee has devised a series of topical diligence checklists for each Environmental, Social, and Governance issues. As appropriate, outside consultants are employed to assist with diligencing environmental and social issues.

Further to conducting ESG diligence, all EIG investment professionals, together the CEO/Chairman of the Investment Committee, President, COO, and CFO undertake a quarterly asset‐by‐asset review of all current investments in the EIG portfolio. During each quarterly review, quantitative and qualitative information specific to each investment, inclusive of ESG issues and updates, are reviewed and discussed.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

0 Number

07.4. Additional information. [Optional]

ESG Committee members include EIG’s: Senior Vice President/Engineering; Managing Director/Power and Renewables; Senior Vice President/Capital Development; Managing Director/Head of Oil & Gas and Senior Vice President/Associate General Counsel.

Additionally, EIG is in process of hiring a senior ESG Director.


SG 07 CC. Climate-issues roles and responsibilities (Private)


SG 08. RI in performance management, reward and/or personal development (Private)


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