We believe that ESG factors are relevant to the performance of specific infrastructure investments, in addition to their relevance to the effective functioning of markets and economic systems as a whole. More broadly, when ESG factors are considered and complement traditional fundamental analysis, they can contribute to the development of a more sustainable, stable and well-governed portfolio of infrastructure investments. As such, ESG assessment is important to the design and ongoing decision-making process for our infrastructure investments. Accordingly, we incorporate these factors into our investment and portfolio management processes (inclusive of maintenance projects that will take place throughout the year), including through consideration of appropriate ESG factors in contractor and other supply chain aspects of maintenance projects and applicable stakeholder engagement before and during projects. Some considerations in respect of maintenance projects include modern slavery statement, storm hardening, waste management, health & safety and habitat impact.