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BBGI Global Infrastructure S.A.

PRI reporting framework 2020

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

          Business Development Director
        

Other description (1)

          Asset Managers
        

Other description (2)

          Company Secretary
        

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

Supervisory Board

The Supervisory Board, consisting of independent Non-Executive Directors, review the Annual Report which includes BBGI's Responsible Investment disclosures prior to publication, and receive regular updates from the Management Board on portfolio performance.

Management Board

The Management Board, consisting of the Co-CEOs and CFO, all regularly receive reports from the Asset Managers as detailed elsewhere. Furthermore, they each sit on the Investment Committee which receives RI/ESG analysis on each potential investment from the Business Development team as part of investment papers for consideration and approval.

Twice a year, the Management Board receive formal ESG reports on each asset, and regularly reviews progress on existing initiatives.

Whilst no separate committee for ESG has been established, the Management Board take responsibility for development of ESG objectives, as well as promoting a culture throughout the organisation that strives to do more on ESG. As well as developing and improving both external and internal ESG communications, the Management Board monitor developments amongst its peers and in the market more generally, with a view to exploiting innovative solutions that can be implemented within the BBGI portfolio.

Furthermore, the CFO is involved in oversights and implementation of AML, counter-terrorism financing and tax policies.

ESG is a measured metric for CEO and CFO bonus targets.

Business Development Director

Members of the Business Development team, in particular the Business Development Director, ensure appropriate ESG reviews are included within all investment papers presented to the Investment Committee. Most information in these reviews is easily sourced; ESG assessments are often carried out by the client, being government or government-backed entities, and are often key drivers for the project, and generally made publicly known as part of any procurement documentation; additionally, with growing frequency lenders are expecting such information to support a particular asset and will conduct their own ESG due diligence; in some instances, specific ESG commitments are prescribed as part of the bid package by the client, such as a requirement for the project to employ local employees, involve youth in the project or use of a particular type of environmentally-friendly construction material.

Asset Managers

As part of their role, the Asset Managers seek to encourage Project entity subcontractors to develop, implement, and report on ESG initiatives. Most project companies have project-specific ESG policies.

In addition, formal six-monthly updates on ESG performance across all assets are submitted to the Management Board. Engagement on ESG by the subcontractors is stimulated through the completion of questionnaires, generally in consultation between the Asset Managers and the relevant subcontractor. Asset Managers regularly conduct site visits or meet with third party contractors to discuss asset performance. These discussions also include ESG aspects, which are subsequently reported back to the Management Board as part of monthly meetings.

External managers or service providers

External management service firms implement and follow BBGI policies at the specific project level.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

0 Number

07.4. Additional information. [Optional]


SG 07 CC. Climate-issues roles and responsibilities (Private)


SG 08. RI in performance management, reward and/or personal development (Private)


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