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Foresight Group LLP

PRI reporting framework 2020

Export Public Responses

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INF 03. Fund placement documents and RI

03.1. 最新のファンドの募集要項(私募覚書(PPM)または同様の文書)が組織の責任投資に触れているかどうかを記載してください。

03.2. ファンドの募集要項(私募覚書(PPM)または同様の文書)が組織の責任投資の以下の側面にどの程度触れているかを記載してください。

03.3. ファンドの募集要項(PPMまたは同様の文書)において、組織はインフラファンドの責任投資についてどのように触れているかを説明してください。 [任意]

As evidence of its commitment to sustainability, Foresight designates a specific section in its PPMs to describe its investment process and demonstrate its approach to ESG management. This approach is incorporated throughout all stages of an investment, spanning pre-investment due diligence, post-investment monitoring and investor reporting. This ensures a consistent methodology is adopted and implemented across all of Foresight’s investment activities.

As well as a general overview of the investment approach, the PPM provides more granular detail of at what stage and how sustainability considerations are evaluated. Foresight's potential investments are firstly screened by the investment team and assessed using a non-exhaustive appraisal criteria, which includes analysing the ESG characteristics of the asset. Relevant opportunities and risks are then presented to the Investment Committee for consideration. The outcome of this stage, if successful, is the issuance of an Initial Investment Approval and full due diligence is subsequently completed. Foresight's rigorous due diligence process includes analysis of key factors such as project contracts, planning permissions, environmental permits, feedstock and key contractor experience. Investments will only gain approval following a formal assessment by the Investment Committee, which considers whether these potential investments are consistent with the Fund's investment policy, comply with the allocation policy, are sufficiently ESG compliant, risks are appropriately mitigated and the returns properly reflect the risk profile of the asset.

Once integrated into the portfolio, assets are actively managed. Foresight continually seeks opportunities to enhance sustainability practices, as well as identifying and mitigating any potentially negative sustainability impacts. Formal Investment Committee meetings are held on a monthly basis for portfolio monitoring purposes or, if required, more frequently for investment decisions. Informal discussions take place frequently between the Investment Team and Investment Committee members throughout the investment process and post-investment. The Investment Committee seeks to ensure that high quality assets, counterparties and equipment are involved, with the objective to meet return expectations whilst ensuring appropriate portfolio diversification and risk management/ESG compliance is achieved.

INF 04. Formal commitments to RI (Private)