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Aether Investment Partners, LLC

PRI reporting framework 2020

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Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets (Not Applicable)


OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Farmland

Other (1)

Other (2)

`Other (1)` [as defined in OO 05]

          Energy-related investments (oil and gas, renewable energy, power, etc.).
        

`Other (2)` [as defined in OO 05]

          Mining and mining-related investments.
        
Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Forestry

Forestry - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Farmland

Farmland - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Other (1)

Other (1) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Other (2)

Other (2) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

Aether has incorporated reviews of environmental, social and governance factors in its due diligence activities since the time of its first investment in 2009.  In 2016, Aether formalized its approach by approving a formal ESG Policy.  Aether's ESG Policy & Procedures document describes the due diligence and monitoring activities Aether is expected to employ with respect to underlying investments.  It also describes the actions to be taken by Aether in the event that a violation is identified or suspected in the course of its monitoring activities.  

Aether's ESG Policy & Procedures covers four primary areas:  human rights, labor, environment and anti-corruption.  The ESG Policy & Procedures were developed primarily with reference to the United Nations Global Compact and its principles but was also informed by the United Nations Principles for Responsible Investment.  In general, Aether's ESG Policy & Procedures are designed to address the following with its partners: (i) review of their policies, (ii) review of the procedures to ensure compliance with their policies, (iii) review of their monitoring activies, and (iv) provide feedback to improve ESG-related policies and procedures wherever possible.

To ensure consistent application of its ESG Policy prior to investment, Aether requests copies of ESG policies and other related documentation, reviews those materials versus Aether's internal checklist to identify potential gaps in existing policies, conducts meetings to better understand ESG policies and to discuss procedures to implement those policies, frequently suggests improvements to existing policies and reviews revised policies to ensure that open items have been sufficiently addressed.  In some cases, Aether may also assist in the development of its partners' ESG policies.  To ensure proper monitoring post investment, Aether will generally ensure that the investment's governing documents require Aether's partners to provide sufficient reporting on a quarterly basis.  If ESG-related reporting obligations are not included in the investment's governing documents, Aether will typically request a side letter to ensure proper reporting.  Aether documents both positive and negative ESG-related items associated with underlying investments on a quarterly basis.

Aether's ESG Policy & Procedures are available upon request from Aether's investors or prospective investors.


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

Closing module

12.2. Additional information. [Optional]


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