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

Glennmont Partners

PRI reporting framework 2020

You are in Direct - Infrastructure » Fundraising of infrastructure funds

Fundraising of infrastructure funds

INF 03. Fund placement documents and RI

03.1. Indicate if your most recent fund placement documents (private placement memorandums (PPMs) or similar) refer to responsible investment aspects of your organisation.

03.2. Indicate how your fund placement documents (PPMs or similar) refer to the following responsible investment aspects of your organisation:

03.3. Describe how your organisation refers to responsible investment for infrastructure funds in fund placement documents (PPMs or similar). [Optional]

Glennmont's PPM for its latest Fund sets out the following, amongst other statements on responsilble investment:

"Fund III’s investments will seek to generate clean power and improve energy efficiency, lowering CO2 emissions and potentially reducing the pace of climate change. Social and economic development can be enhanced by investing in clean energy assets and projects that provide electricity and power to meet consumer demands."

"Glennmont’s Approach to Environmental, Social and Governance Processes (“ESG”). ESG initiatives are at the heart of Glennmont Partners’ investment process across the full cycle. During the pre-investment evaluation stage full environmental regulatory compliance assessments are performed. Post investment Glenmont actively manages for ESG factors by setting and monitoring health and safety standards and continuously managing the impact of its operations on the environment. The positive impact on the environment and the reduction of carbon emissions are measured and reported. Glennmont is also committed to the central role of its clean energy assets as an active member of local communities. Examples of Glennmont’s work in this respect include supporting a municipal building’s conversion to be carbon neutral in south Portugal, and school visits and museum funding in Italy. Glenmont’s engagement with ESG initiatives is also illustrated by its being a signatory, as an investment manager, of the United Nations Principles for Responsible Investment (PRI). Glennmont implements the Principles in its business model on a daily basis. For instance, the monitoring of health and safety and environmental standards is part of Glennmont’s incorporation of ESG issues into its ownership procedures while the investment into clean energy generation assets is part of the incorporation of ESG factors into investment analysis."

It also has subsections titled: 'Transition towards larger proportion of clean energy in Europe', 'Binding 2020/20 Roadmap – additional investment needed', 'The need to address climate change – Global Agenda', 'The need to address climate change – European Framework', 'Global economic growth and energy scarcity', and 'Environmental Benefits'.

INF 04. Formal commitments to RI (Private)