Risks and opportunities are reviewed throughout gue diligence including based on the Fund's ESG due diligence questionnaire which is completed as a part of every new acquisition, in response to due diligence reports from third party advisors, and as the team prepares the Investment Committee ("IC") memo which will be presented to the Committee and independent board for approval. In addition, a cybersecurity due diligence and anti-corruption questionnaire are completed as part of each new acquisition.
Our investment process, including due diligence procedures and investment decision making, integrates ESG factors for analysis and consideration, including, as appropriate, governance framework, environmental impacts of and on the company, cybersecurity and data protection, health and safety, corruption, catastrophe resilience, climate risks and opportunities (physical and transition), supply chain management, stakeholder engagement and community impact reviews during preliminary screening and in-depth diligence. The process also includes a useful life vs physical life analysis. Identified risks and opportunities are incorporated into the IC Memo, discussed during IC meetings and then addressed in the underwriting and integration plans if an investment is undertaken.