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Fiera Capital Corporation

PRI reporting framework 2020

Export Public Responses

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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.

The following is a summary of the Manager's ESG implementation policies, which we seek to integrate throughout the investment cycle.

 Sourcing Phase

For any investment opportunity we look at, we conduct preliminary screening to confirm the opportunity does not involve potential ESG issues that could have significant implications from a financial, legal, ethical or reputational perspective.

Due-Diligence Phase

The investment team systematically carries out a comprehensive due diligence process for any investment opportunity we look at, which includes a review of ESG risks and value creation opportunities.

Our due diligence process will generally comprise two phases. Firstly, a preliminary phase will typically include a desktop review of ESG factors, discussions with the vendor of the asset and any management team, and where possible site visits to identify potential ESG risks and value creation opportunities. Secondly, when we form a stronger conviction regarding an opportunity, we conduct a detailed due diligence review of these material ESG issues with the assistance of advisors and experts where appropriate. 

Investment Decision

A summary of material ESG issues is required to be included in the investment memorandum submitted to the Investment Committee, which is ultimately responsible for recommending the approval of the transaction. The Investment Committee’s recommendation may be subject to conditions, including implementation of a corrective action plan or specific contractual provisions. 

 


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

          Contamination / environmental compliance – We examine environmental contamination or compliance issues with the support of third-party experts where applicable
        
          Generation/consumption/efficiency (conventional + renewables) – We examine energy efficiency as it is material to many energy and social infrastructure investments
        
          We are sensitive to the greenhouse emissions of its Portfolio Investments, and has made and will continue to make significant investments in renewable energy projects
        

List up to three typical examples of social issues

          Health and Safety – Our target investment countries usually have high standards with respect to health and safety.
        
          Responsible Citizenship – It is important that our partners will be reputable and responsible members of the communities and industries in which they live and operate.
        
          First Nations – We invest in geographies where the rights of first nations have generally been recognized by governments.
        

List up to three typical examples of governance issues

          Anti-corruption and Bribery – Local partners will go through extensive background checks
        
          Shareholder structure and rights
        
          Board structure and composition
        

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)


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