This report shows public data only. Is this your organisation? If so, login here to view your full report.

APG Asset Management

PRI reporting framework 2020

Export Public Responses

You are in Direct - Infrastructure » Post-investment (monitoring and active ownership)



INF 11. ESG issues in post-investment activities

11.1. 組織のインフラ資産の投資後の活動に関連して、組織や事業者がESG問題を考慮しているかどうかを明示してください。

11.2. 組織のインフラ資産の投資後の以下の活動に関連して、組織や事業者がESG問題をどのように考慮しているかを明示してください。

          ESG is integrated into our post-investment activities via the Annual (Manager) Review (review if ESG conditions were met) and ongoing engagement on ESG issues.

11.3. 組織のインフラ投資の投資後の活動において組織や事業者がESG問題をどのように考慮しているかを説明してください。 [任意]

ESG performance is fully integrated into the reporting cycle of our managers and incidents are reported to APG on an ongoing basis.

Monitoring will become more structured and consistent across the entire portfolio with the launch of GRESB Infrastructure, which is a tool for systematic assessment, objective scoring and peer benchmarking of the environmental, social and governance (ESG) performance of infrastructure investments.

GRESB Infrastructure was launched in 2016 and the tool acts as an ESG “one-stop” database that supports an informed dialogue with our infrastructure investments during ongoing monitoring and engagements.  As stated previously, in 2019 approximately 79% of the infrastructure assets under management participated in the GRESB Infrastructure assessment.  Most investee companies filled-in the Fund level assessment. However, we have decided to primarily focus on GRESB Infra Asset level assessments, as is evident by high percentage participation, as our investment approach is shifting towards direct investment.


INF 12. Proportion of assets with ESG performance targets

12.1. 報告年度のインフラ資産の中で、組織や事業者が投資のモニタリングにESG実績を組み入れた割合を記載してください。


12.2. 組織や事業者が通常目標(KPIなど)を設定し、さらにモニタリングしているESG問題を記載し、問題別に例を挙げてください。


          Relevant changes in environmental permits, feedback of the regulator
          Changes to Environmental Management Systems
          Environmental performance (for example incidents, energy use, emissions to air and/or water) / GRESB Infra Environment score


          Safety performance and incidents including follow-up
          Changes to employee policies and labour relations
          Results of relevant community engagement programs / GRESB Infra Social score


          Formal policy on sustainability in place
          GRESB Infra Governance score
          Implementation of whistleblower policy and risk reporting lines

12.3. 補足情報 [任意]

The above percentages are based on the NAV weighted portfolio that participates in the GRESB benchmark.

INF 13. Proportion of portfolio companies with ESG/sustainability policy

13.1. 組織がESG/サステナビリティに関連するポリシー(または同様のガイドライン)を有するインフラ投資先の割合を追跡しているかどうかを記載してください。

13.2. 組織がESG/サステナビリティに関連するポリシー(または同様のガイドライン)を有するインフラ投資先の割合を記載してください。


13.3. 組織や事業者がインフラ投資先のESG問題の管理にどのように貢献しているかを説明してください。 [任意]

We provide them with best practice guidelines (strong ESG policies) and engage with the management on an ongoing basis.

INF 14. Type and frequency of reports received from investees

14.1. インフラ投資先に請求するESG問題に関する報告書の種類および頻度、報告書を受領する頻度を記載してください。




          Through being on Boards of investment entities and/or in contact with dedicated managers, APG is updated on a regular basis about ESG issues.


14.2. 補足情報 [任意]


INF 15. Proportion of maintenance projects where ESG issues were considered

15.1. ESG問題が考慮されている実施中のインフラ保守整備プロジェクトの割合を示してください。


15.2. インフラ保守整備プロジェクトにESGを検討するアプローチを説明してください。[任意]

The approach is not different for new or existing projects. APG is normally not managing the assets and would commission a manager or operator.