Partners Group applies a positive screen for investments that have a clear, positive impact on society or the environment and may qualify for our PG LIFE fund.
We exclude investments that have a clear, negative impact on society or the environment. Negative impact could occur due to core products and services or due to irresponsible business practices. For syndicated loans, given the limited amount of information available and the fast investment pace, we focus only on negative screening. Targets excluded from investment include any with exposure to EU, US, UN or other relevant sanctions regimes. With the launch of our climate change strategy, we also exclude a number of carbon-intensive activities from investments, such as coal-fired power plants, coal mines, tar sands, etc.
In addition, this year we developed and distributed to debt deal teams a sensitivity map, which identifies commonly-encountered ESG-sensitive products, services, or business models. The map identifies any products/services/business practices that are absolutely excluded from investment, as well as those that should be escalated to the ESG team for consideration. For investments that must be escalated, Partners Group applies a norms-based screening to determine whether a target operates at, below, or above industry standard, international guidelines, etc.