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

Alberta Investment Management Corporation

PRI reporting framework 2020

Export Public Responses

You are in Direct - Infrastructure » Pre-Investment (Selection)

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.

Initial Screening: During the preliminary screening process, potential infrastructure investments are screened for appropriate governance models, compliance with organization-wide exclusions and significant negative control rights. The AIMCo Infrastructure team duly considers environmental factors and any related environmental or social risks that may negatively impact future investment valuations.

Due Diligence: Due diligence advisors are engaged to review and report on potential infrastructure investments. ESG factors are usually covered in detailed due diligence work streams to help the investment deal team develop a clear understanding of potential ESG risks. Specifically, our investment team will retain environmental advisors, regulatory advisors, financial/accounting, legal advisors and our internal Responsible Investment team, and considers any ongoing stakeholder issues in its due diligence.

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

          Environmental impacts and remedies, such as pollution risks and decommissioning costs of certain projects
          Wind intensity or strong wind risks associated with alternative energy generation
          Earthquake risk

List up to three typical examples of social issues

          Worker safety policies and safety KPIs
          Community engagement, CSR and charity initiatives and relationships with First Nations or other indigenous peoples where applicable
          Due diligence on employee pension plans and relationships with labour unions

List up to three typical examples of governance issues

          Governance rights such as the number of board seats and shareholder information rights
          Minority shareholders’ rights; for example, voting rights and veto rights
          Company's relationships with other stakeholders, regulators and the management team

07.2. Additional information. [Optional]

Due diligence advisors are usually selected based on the nature of an asset with the capabilities to best identify its relevant ESG issues. 

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

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