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Ninety One

PRI reporting framework 2020

Export Public Responses

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Pre-Investment (Selection)

INF 05. Incorporating ESG issues when selecting investments

05.1. Indicate if your organisation typically incorporates ESG issues when selecting infrastructure investments.

05.2. Describe your organisation`s approach to incorporating ESG issues in infrastructure investment selection.

Our ESG framework is implemented through the investment process in three distinct phases, the pre-Transaction, Transaction and post-Transaction stage. The pre-Transaction stage involves the initial screening for ESG risk categorisation, application of ESG toolkit and scoping of ESG issues. The Transaction stage refers to the period of the investment process which is characterised by the Fund - to - counterparty negotiation, due diligence, legal drafting of agreements and technical implementation of an investment. This stage also identifies and scopes potential ESG action areas and ESG action plans. Finally, the post-Transaction stage focuses on monitoring and reporting to the Ninety One investment committee as well as the client. The ESG team has full management of this process and applies it to all their investments.

INF 06. ESG advice and research when selecting investments

06.1. Indicate whether your organisation typically uses ESG advice and research sourced internally and/or externally when incorporating ESG issues into the infrastructure investment selection process.

          ESG Analyst
          Biodiversity specialist, Limnology and Oceanic Specialists, Primate specialists.

06.2. Additional information. [Optional]

IAM utilises different consultants based on the requirements of the risk profile.

INF 07. Examples of ESG issues in investment selection process

07.1. Indicate which E, S and/or G issues are typically considered by your organisation in the investment selection process and list up to three typical examples per issue.

ESG issues

List up to three typical examples of environmental issues

          Management of natural resources.
          Avoid or minimise adverse impacts on the environment by reducing pollution from project activities.
          Reduce degradation to project effected areas

List up to three typical examples of social issues

          Community support and development programmes
          Contribution to economic development
          Labour rights and child/forced labour

List up to three typical examples of governance issues

          Schedules of delegated authority is in place with a senior member of management having direct responsibility for ESG related issues.
          Board members meet regularly and provided with relevant information before the meeting, allowing them adequate preparation.
          The company complies with all disclosure requirements under applicable law, regulations and listing rules

07.2. Additional information. [Optional]

INF 08. Types of ESG information considered in investment selection

08.1. Indicate what type of ESG information your organisation typically considers during your infrastructure investment selection process.

08.2. Additional information.

INF 09. ESG issues impact in selection process

09.1. Indicate if ESG issues impacted your infrastructure investment selection processes during the reporting year.

          If mitigatable through targeted Action Plans then the deal will be put forward based on the strengths of mitigating risks and optimising opportunities

09.2. Indicate how ESG issues impacted your infrastructure investment deal structuring processes during the reporting year.

          were risks need to be fully understood prior to financial closure, project completion of disbursement these are written into the legal documents of deal structure

09.3. Additional information.