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PRI reporting framework 2020

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Outputs and outcomes

INF 17. ESG issues affected financial/ESG performance

17.1. Indicate whether your organisation measures how your approach to responsible investment in Infrastructure investments has affected financial and/or ESG performance.


INF 18. Examples of ESG issues that affected your infrastructure investments

18.1. Provide examples of ESG issues that affected your infrastructure investments during the reporting year.

ESG issue
          New Modern Slavery legislation
        
Types of infrastructure affected
          Sea port, terminal and logistics
        
Impact (or potential impact) on investment

Required the introduction of new policies and plans in place for managing supply chain issues in procurement -to ensure compliance with the Modern Slavey Act 2018

Activities undertaken to influence the investment and the outcomes

None in this respest - they are self-driven.

ESG issue
          Master planning
        
Types of infrastructure affected
          Airports
        
Impact (or potential impact) on investment

The inclusion of sustainable development and community consultation in master planning is critical to the long-term sustainability of the asset. Extensive consultation was undertaken by Adelaide Airport resulting in very positive outcomes through regular communication and engagement via the Airport's Consultative Committee.

Activities undertaken to influence the investment and the outcomes

By Board nominee

ESG issue
          Productivity Commission economic review
        
Types of infrastructure affected
          Airports
        
Impact (or potential impact) on investment

Australian airports were subject to a cyclical Productivity Commission review of economic regulation as well as a public campaign against the economics of Airports driven by Airlines for Australia and New Zealand which was a lobby group largely initiated by Qantas Airlines but also Virgin Australia, REX and Air New Zealand. The result of the review presented Australian airports in a positive light, with the approach to regulation found to be fit for purpose and benefiting passengers and the community. In AALs view, the ethical commercial practice and good corporate citizenship demonstrated by Australian airports and the positive community sentiment that this approach to business has developed, played a role in the outcome of this review.

Activities undertaken to influence the investment and the outcomes

By Board nominee

ESG issue
          Ocean channel widening
        
Types of infrastructure affected
          Port
        
Impact (or potential impact) on investment

Channel widening requires a number of approvals including environmental and development approval. There was potential for negative impact from dredge disposal and the possible spread of a virus affecting oysters. The project was successful and no negative outcomes were experience.

Activities undertaken to influence the investment and the outcomes

None

18.2. Additional information.


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