This report shows public data only. Is this your organisation? If so, login here to view your full report.

Partners Group AG

PRI reporting framework 2020

Export Public Responses
Pdf-img

You are in Direct - Infrastructure » Post-investment (monitoring and active ownership)

Post-investment (monitoring and active ownership)

Overview

INF 11. ESG issues in post-investment activities

11.1. Indicate whether your organisation and/or operators consider ESG issues in post-investment activities relating to your infrastructure assets.

11.2. Indicate how your organisation, and/or operators, considers ESG issues in the following post-investment activities relating to your infrastructure assets.

11.3. Describe how your organisation, and/or operators, considers ESG issues in post-investment activities related to your infrastructure investments. [Optional]

Our Private Infrastructure Asset Management (PrIAM) team is responsible for devising practical ways to systematically identify and improve performance on material ESG factors for each of their assets. As they are responsible for delivering the business plan for their assets, they are best positioned both to identify the ESG factors that are truly core to the business, and to use their influence as board members to initiate meaningful change, always supported by the ESG team.

Partners Group developed and executed ESG "dashboards" for our lead infrastructure portfolio. The dashboard went beyond simply a data collection and publishing exercise, as they strengthened our intellectual input into, as well as our level of engagement with, our assets. We identified 12 key ESG metrics for infrastructure, used shading to define relative materiality for any particular asset, boxes around the cells to show where we worked to improve in the reporting year, as well as arrows to indicate whether we were actually successful in achieving our targets. Through interactive discussions with all stakeholders, we were able to refine the definition and measurement of key ESG metrics. While discussing certain metrics, our PG colleagues and portfolio company ESG counterparts immediately acknowledged the importance of particular ESG areas and committed to improve in the following year.


Infrastructure Monitoring and Operations

INF 12. Proportion of assets with ESG performance targets

12.1. Indicate the proportion of infrastructure assets for which your organisation and/or operators included ESG performance in investment monitoring during the reporting year.

 (in terms of number of infrastructure assets)

12.2. Indicate ESG issues for which your organisation, and/or operators, typically sets and monitors targets (KPIs or similar) and provide examples per issue.

List up to three example targets per issue

          Environmental compliance: Obtain approval for all relevant environmental permits and leverage industry studies/best practice to improve environmental performance of future projects.
        
          Conservation: Purchase and retire biodiversity credits to provide protected habitats
        
          Water management: Conduct water audit to understand and potentially reduce consumption
        

List up to three example targets per issue

          Health & Safety: Focus on health and safety performance by setting KPIs such as number of near misses and lost time incidents to make management accountable.
        
          Community engagement: Establish a formal community engagement policy and toolkit to improve community relations, prevent delays to new market entry and development.
        
          Contractor management: Evaluate how the operator manages the contractors and sub-contractors used at the asset and ensure proper policies are in place.
        

List up to three example targets per issue

          Cybersecurity: Engage external consultant to review cybersecurity management systems, identify and close major cybersecurity risks by strengthening control.
        
          Corporate governance: Establish an advisory board and build out board governance through the respective committees.
        
          ESG policy: Ensure all assets have board-approved ESG policies in place
        

12.3. Additional information. [Optional]


INF 13. Proportion of portfolio companies with ESG/sustainability policy

13.1. Indicate whether you track the proportion of your infrastructure investees that have an ESG/sustainability-related policy (or similar guidelines).

13.2. Indicate the proportion of your infrastructure investees that have an ESG/sustainability-related policy (or similar guidelines).

(in terms of number of infrastructure investees)

13.3. Describe how your organisation, and/or your operators, contribute to the infrastructure investees’ management of ESG issues. [Optional]

  • In 2019, 92% of our infrastructure investees maintained a formal policy on environmental management.

  • We engage with management to establish ESG engagements that target improvements in the management of ESG factors.

  • We hold on-site workshops, where we review the year's engagement, provide best practice examples from other portfolio assets.

  • We use of the maturity assessment to identify new areas of opportunity for risk mitigation and/or value creation.

  • In 2019, our Private Infrastructure Asset Management team drafted their 2020 performance plans, which include ensuring that 100% of Partners Group's majority-owned infrastructure assets have board-approved ESG policies in place. For assets where Partners Group lacks majority governance rights, we encourage the other shareholders and the Board to adopt similar ESG policies.


INF 14. Type and frequency of reports received from investees (Private)


Infrastructure Maintenance

INF 15. Proportion of maintenance projects where ESG issues were considered

15.1. Indicate the proportion of active infrastructure maintenance projects where ESG issues have been considered.

(in terms of number of active maintenance projects)

15.2. Describe your approach to ESG considerations for infrastructure maintenance projects. [Optional]

Our Private Infrastructure Asset Management (PrIAM) team is responsible for devising practical ways to systematically identify and improve performance on material ESG factors for each of their assets. During infrastructure maintenance, PrIAM works closely with respective infrastructure operators on the ground on aspects of the maintenance of our infrastructure assets, including ESG considerations. The operators we work with are typically experienced, well-established players in the field who have long-standing policies on environmental impact, community engagement, labor standards, bribery and corruption, etc. While maintaining an asset, there are typically also ongoing ESG initiatives, such as health & safety reviews. Negative incidents are reported back to PG according to the same incident reporting guidelines for all of our assets. 

Starting in 2019, we also require that ESG considerations are included in all third-party operator contract, to ensure that any operators we work with on maintenance projects maintain a certain standard of ESG performance.


Top