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British Columbia Public Service Pension Board of Trustees

PRI reporting framework 2020

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You are in Direct - Infrastructure » Pre-Investment (Selection)

投資前(投資対象の選択)

INF 05. Incorporating ESG issues when selecting investments

05.1. 組織がインフラ投資先を選択する際、通常、ESG問題を組み入れているかどうかを記載してください。

05.2. ESG問題をインフラ投資の選択に組み入れる際のアプローチを説明してください。

With respect to our investment agent, BCI's, large direct investments, they incorporate the following into their due diligence procedures pre-investment:

 

  • Review the particular investment opportunity against an ESG red flag checklist for specific concerns and work to 1) fully assess such investment opportunities through due diligence (sometimes with the help of external consultants); 2) assess the ESG risks these opportunities pose over both a short and long term basis; and 3) work to address the concerns through changes to the business, governance, price adjustments, etc.
  • Commission detailed environmental reviews prior to investing using a respected 3rd party advisor
  • Negotiate detailed shareholder arrangements that define 1) the responsibilities of the new company board; and 2) shareholder rights;
  • Review employment policies and practices, stakeholder engagement, and assess level of interaction with the communities in which they operate;
  • Conduct legal review of historic and current litigation;
  • Review relationship with regulatory bodies including negative rulings or fines levied;
  • Independent ESG risk review is conducted by the ESG Strategy and Risk team in BCI's Investment Strategy and Risk department. This risk review is provided to investment comittee alonside the investment memo.
  • Incorporate the results of the analysis above into BCI's pro-forma asset management plan including addressing areas identified as deficient.

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


INF 07. Examples of ESG issues in investment selection process

07.1. 組織の投資選定プロセスにおいてE / S / G問題の内どの問題が主として考慮されているかを明示するとともに、問題毎に典型的な例を3つまで挙げてください。

ESG問題

ESGの各問題について、典型的な例を3つまで挙げてください

          Compliance with environmental laws and regulations (e.g. leakage)
        
          Physical risks related to climate change
        
          Sustainability concerns for the business
        

ESGの各問題について、典型的な例を3つまで挙げてください

          Safety track record and future safety concerns
        
          Social license to operate and stakeholder perception of the business
        
          Labour management issues
        

ESGの各問題について、典型的な例を3つまで挙げてください

          Obtaining board representation and board observer status
        
          Composition of board committees and mandates (audit, HR, etc.)
        
          Board composition and turnover
        

07.2. 補足情報 [任意]

Conduct anti-bribery and anti-corruption assessment pre- and post-transaction.
 


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


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


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