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Foresight Group LLP

PRI reporting framework 2020

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Infrastructure Monitoring and Operations

INF 12. Proportion of assets with ESG performance targets

12.1. Indicate the proportion of infrastructure assets for which your organisation and/or operators included ESG performance in investment monitoring during the reporting year.

 (in terms of number of infrastructure assets)

12.2. Indicate ESG issues for which your organisation, and/or operators, typically sets and monitors targets (KPIs or similar) and provide examples per issue.

List up to three example targets per issue

          Plant emissions in relation to environmental permits, including COX and NOX
        
          Reduction in waste diverted to landfill, measured in tonnes of waste
        
          CO2 emissions saved by an individual asset or across a portfolio
        

List up to three example targets per issue

          Job creation – measured in full time employment
        
          Quality of local environment – preserving or improving quality
        
          Odour complaints from local communities – proactively responding and reducing odour impact
        

List up to three example targets per issue

          Anti-Money Laundering and Anti-Bribery and Corruption checks conducted
        
          Non-discrimination policies in place
        
          Board representation – enforcing responsible ownership and management
        

12.3. Additional information. [Optional]


INF 13. Proportion of portfolio companies with ESG/sustainability policy

13.1. Indicate whether you track the proportion of your infrastructure investees that have an ESG/sustainability-related policy (or similar guidelines).

13.2. Indicate the proportion of your infrastructure investees that have an ESG/sustainability-related policy (or similar guidelines).

(in terms of number of infrastructure investees)

13.3. Describe how your organisation, and/or your operators, contribute to the infrastructure investees’ management of ESG issues. [Optional]

Foresight contributes to the Management of ESG issues within investee companies through two primary means:

Board representation.  Foresight normally has an allocated seat on the board or in some cases has a carefully managed relationship with someone that is able to represent Foresight’s views in the decision making process. Such representation by Foresight is an essential part of being able to drive and effect change within an investee company, including maintaining a strong focus on ESG issues. Foresight ensures that it participates in all stipulated meetings and attempts to ensure that the Board acts as a cohesive unit. A track record of active asset ownership and management gives Foresight a high degree of credibility, which affords us considerable influence. We use this influence responsibly to focus the Board on its key roles, namely: setting the strategy for growth; creating value; ensuring consideration of ESG issues; managing risks; monitoring the business; safeguarding reputation. Foresight will always try and ensure that the Board has the correct composition, with a tailored mix of skills and experience to meet the needs of the company.

Active asset management.  Foresight’s approach to active asset management ensures there is a member of the Foresight team with direct responsibility for the management of day-to-day operations at the asset level, enabled by 24/7 real-time monitoring of operational performance.  As such, a key aspect of the portfolio management team’s responsibilities includes continuous monitoring of ESG issues, whilst simultaneously  ensuring the investee company is exploiting opportunities to apply ESG focused practices that may lead to enhanced operational performance.  Maintaining this approach across the broader infrastructure portfolio enables ESG best-practice and lessons identified to be shared easily between portfolio managers, enabling swifter implementation at the investee company level.  This can range from adaptation of policies and management systems, to the application of new operational procedures.

 


INF 14. Type and frequency of reports received from investees (Private)


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