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CBUS Superannuation Fund

PRI reporting framework 2020

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Pre-Investment (Selection)

INF 05. Incorporating ESG issues when selecting investments

05.1. Indicate if your organisation typically incorporates ESG issues when selecting infrastructure investments.

05.2. Describe your organisation`s approach to incorporating ESG issues in infrastructure investment selection.

ESG issues are considered for materiality and relevance during due diligence. A comprehensive ESG checklist is used for initial screening of environmental, governance and social risk factors, including labour supply chains, health and safety and climate change. Cbus has also expanded the checklist to map a select number of Sustainable Development Goals where Cbus can potentially monitor impact. Key findings from this process are summarised in the investment papers for consideration.

In a recent example of a potential acquisition, it was found that flooding from sea level rise would have an immaterial impact on the asset which could be mitigated by the construction of sea walls. 

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

INF 07. Examples of ESG issues in investment selection process

07.1. Indicate which E, S and/or G issues are typically considered by your organisation in the investment selection process and list up to three typical examples per issue.

ESG issues

List up to three typical examples of environmental issues

          Greenhouse gas emissions
          Physical climate change impacts

List up to three typical examples of social issues

          Customer relations
          Workplace safety
          Community relations

List up to three typical examples of governance issues

          Board structure and skills
          Executive and board remuneration
          Business integrity

07.2. Additional information. [Optional]

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

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