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PRI reporting framework 2020

You are in Strategy and Governance » Investment policy


SG 01. RI policy and coverage


01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。


01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

In the investment process, the analysis consider the social, environmental, economic and, above all, corporate governance dimensions. In addition, it is also considered the risks associated with credibility and reputation. The ESG incorporation aproach is done both preventively and through monitoring. For this, we use an internal rating that is described in one of our risk policy which is attached to Infraprev's investment policy.

Also, we believe that transparency and values ​​associated with the best practices of corporate governance are fundamental concepts for the responsible management of investments and the fiduciary duty with Infraprev's beneficiaries.

The investment estrategy is built on the basis of the Asset Liability Management (ALM) model which considers the portfolio to be optimal against future commitments regarding the benefits of the participants.

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]


The investment policy and the ESG risk policy are approved by the Deliberative Council. The ESG guidelines / ranking are defined by the risk area, apart from the investment area.

01.6. 補足情報 [任意]


SG 01 CC. Climate risk

01.6 CC. 投資期間において特定され、組織の投資戦略・商品に組み込まれている気候関連のリスクおよび機会について記述してください。

組織が気候関連の移行リスク・物理的リスクおよび機会を特定するためのプロセスをまだ踏んでいない理由を説明してください。(500 語以内で自由に記載)

In recent years, Infraprev has been dedicated to improving processes specifically with a focus on governance improvements and mapping potential conflicts of interest. 

Regarding the risks and opportunities related to climate change, our organization, despite not having made a specific process on this issue, maps these practices through its external managers. During the selection process, when considering the ESG practices adopted by them, the way in which they assess climate risks and possible opportunities is observed.

In private equity funds, that include energy and forest assets, climate risks are mapped and monitored monthly and reported in a specific report.

01.8 CC. 組織はTCFDを公式に支持しますか?


As explained above, due to the fact that the focus of Infraprev in recent years has been primarily directed towards specific issues, there has not yet been an in-depth study on the recommendations of the TCFD.

01.9 CC. 重大な気候関連リスクおよび機会を特定・管理する組織全体の戦略がありますか?


There is no predicted deadline for this to occur. The first step is to have an internal study to see what would be the most appropriate way to implement this organization-wide strategy that manages climate-related risks and opportunities, considering the internal structure (size and tools to be used) of teams in Infraprev.

For now, in private equity funds, that invest in energy and forestry assets for example, climate risks are mapped and monitored monthly and reported in a specific report..


1.10 CC. TCFD開示を発表するために組織が使用する文書/通信を示してください。

SG 02. Publicly available RI policy or guidance documents


02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

02.3. 補足情報 [任意]

In addition, Infraprev has an ESG Risk criteria that supports the Investment Policy. They support the analysis and the monitoring process.

Infraprev's investment policy is only publicly available for participants.

SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

The Infraprev has two formal committees to advise (Risk Management Committee) and deliberate (Investment Management Committee) on the allocation of financial resources and the risks involved in this operation.Infraprev has a Statute and Code of Ethics that establish the roles and limits of competencies of board and staff.

Potencial conflicts of interest eventually can be submitted to this governance structures.

03.3. 補足情報 [任意]

SG 04. Identifying incidents occurring within portfolios

04.1. 組織では、投資先企業において発生するインシデントの特定と管理を行うプロセスを設定しているかどうか明示して下さい。

04.2. インシデントを管理するプロセスを説明して下さい

In the monitoring process when a event is identified, the Risk Management Committee points out risks involving the event, and the Investment Management Committee deliberates the next steps.