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Antin Infrastructure Partners

PRI reporting framework 2020

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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.

During the due diligence process, an analysis is carried out by Antin’s ESG team to identify the ESG issues which are likely to have a material impact on the financial and operational performance of the target company. This analysis is based on our internal ESG materiality assessment framework, as well as various international standards such as the Sustainability Accounting Standards Board (SASB)’s Materiality Map – an interactive tool that identifies and compares ESG issues across different industries and sectors.

Due diligence is then performed by our ESG team, along with external consultants and lawyers where required, to identify specific business risks and opportunities, outstanding liabilities and compliance obligations associated with those issues. Results of that review are documented, shared with the Deal team and presented at Investment Committee meetings.

When relevant, operating and capital expenditures relating to ESG issues are included in the target company’s business plan (e.g. asset maintenance or upgrade to improve a company’s environmental or safety performance). Contingency planning is also performed and documented for potential future ESG risks.
 


INF 06. ESG advice and research when selecting investments (Private)


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

          Energy management
        
          Waste management
        
          Climate change
        

List up to three typical examples of social issues

          Employee health and safety
        
          Employee well-being and retention
        
          Community engagement
        

List up to three typical examples of governance issues

          Business ethics
        
          Data protection and privacy
        
          Responsible procurement
        

07.2. Additional information. [Optional]

We apply the concept of materiality when determining which ESG issues to address in our portfolio. This approach allows us to remain pragmatic and ensure that our ESG efforts are aligned with what matters the most to the business and stakeholders of our portfolio companies. The materiality of ESG issues in our portfolio is assessed based on our internal ESG materiality assessment framework, various international standards (e.g. SASB Materiality Map), discussions with portfolio company representatives and on-site ESG reviews.

Below are sample ESG issues that we assess in our portfolio and that are covered in our annual ESG survey:

ENVIRONMENT

Climate change

  • Greenhouse gas (GHG) emissions
  • Exposure to physical (e.g. physical impacts from changing climate change patterns) and transitional (e.g. policy, legal, technological, and market changes) climate change-related risks 

Resource efficiency

  • Energy management
  • Fuel management
  • Water management

Environmental pollution

  • Air pollution
  • Ecological impacts
  • Noise pollution
  • Waste management

SOCIAL 

Health and safety

  • Employee health and safety
  • Subcontractor health and safety
  • Customer health and safety 

Human capital management

  • Labour relations
  • Employee wellbeing and retention
  • Employee training and development

Community engagement

  • Impacts on local communities

GOVERNANCE

Ethics and governance

  • Compliance and governance issues
  • Bribery and corruption
  • Conflicts of interest

Data security

  • Cybersecurity
  • Personal data protection

Responsible sourcing

  • Supply chain ESG risks
  • Third-party ESG impacts (e.g. suppliers, subcontractors, etc.)

 


INF 08. Types of ESG information considered in investment selection (Private)


INF 09. ESG issues impact in selection process (Private)


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