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Foresight Group LLP

PRI reporting framework 2020

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Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Consideration of ESG factors lies at the heart of Foresight’s business and investment approach. We believe that acting conscientiously as a corporate entity and investing responsibly by seeking to achieve positive social and environmental outcomes are critical to Foresight’s long-term success and value creation in our investments. We formally integrate ESG and sustainability principles into our investment decision-making and investment management practices, ensuring that the investee companies, suppliers and business partners we work with are similarly supportive. For both the Private Equity and Infrastructure divisions, we adopt a framework based on five central themes:

Sustainable Development Contribution (Infrastructure) or Strategy and Awareness (PE)

Environment

Social

Governance

Third Party Interactions.

Foresight Capital Management’s funds will invest in shares of companies that are listed on regulated markets and provide a net social or environmental benefit, avoiding traditional energy companies and actively allocating capital to renewable energy companies. As we are often a significant shareholder in these companies, we see our engagement as a key part of our investment process and believe it will be instrumental in improving their ESG standards.  The level of engagement between Foresight and investee companies will vary depending on many factors including the size of the shareholding.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

  There are no exceptions to this approach and it is consistently applied across the board.

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

URL/Attachment

02.3. Additional information [Optional].

The Foresight Group website has recently been updated so that the Responsible Investment section is at its forefront. The website clearly sets out Foresight’s commitment to Responsible Investing with a group policy document setting out our overall approach, definitions, the role of the ESG/sustainability committee as well as the governance and processes needed to ensure that this commitment is embedded throughout the organisation. 

The website also includes an overview as to how the infrastructure and private equity teams incorporate ESG and sustainability related issues in their decision-making processes.

As a signatory to the Women in Finance Charter, the website also highlights our pledge to promoting gender diversity.


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

In addition to the corporate governance polices that meet all applicable laws and regulations, Foresight is an FCA registered body and has firm controls in place to ensure the fair treatment of its investors and funds. These controls ensure that when conflicts do arise there are policies in place to reflect our vision of good governance and to protect our long-standing reputation.. As mandated by its regulators, Foresight has in place appropriate internal policies and guidelines relating to anti-money laundering, anti-bribery and corruption. As the manager of publicly listed funds including Foresight Solar Fund Limited, JLEN and several Venture Capital Trusts, Foresight and the respective Boards of these listed companies work together to ensure that the principles of corporate governance as laid down by Stock Exchange rules are properly applied.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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