Infrastructure Pool (Externally Managed Investments)
LPPI invests in infrastructure on behalf of clients through a combination of externally and internally managed primary infrastructure funds, co-investments and directly owned infrastructure assets.
For externally managed assets, LPPI addresses ESG integration via our process for selecting, appointing and monitoring the managers we choose to work with us.
We set clear standards and ensure these are shared with prospective managers from the outset.
We ask managers to complete a detailed RI Due Diligence Questionnaire and follow-up their answers within a dialogue focussed on establishing/confirming their approach, arrangements, resourcing, capabilities and alignment with our beliefs and requirements.
Where managers are PRI signatories we review their latest Transparency Report and request their most recent Assessment Report.
Our investment management agreements identify our requirement for external managers to support the fulfillment of the commitments LPP has made as a PRI signatory.
Outcomes
We ensure all external managers can demonstrate a base level commitment to RI and ESG integration and have a clear understanding of the importance of this to LPP and our client funds.
We articulate our information requirements to all managers and also explain our priority issues to ensure they are aware of any key sensitivities.