Corporate & Social Responsibility

We take our corporate and social responsibility seriously

We are long term owners of assets and our prudent approach to investment and management of assets reflects a culture which permeates the Prudential Group.

Prudential Code of Business Conduct

Infracapital follows the Prudential Group Code of Business Conduct, which reflects the culture of corporate and social responsibility that permeates the organisation

The Prudential UK plc Board requires the highest possible standards of professional and ethical conduct of itself and from all employees. This Code of Conduct sets out the basic ethical standards that are required across the Group. Equivalent standards of conduct are expected from all agents and other persons acting on behalf of the Group. All employees and other persons acting on behalf of the Group are expected to treat compliance with this Code of Conduct as an important element of their relationship with the Group.

United Nations-backed Principles for Responsible Investment (PRI)

M&G Investment Management Limited is a signatory of United Nations-backed Principles for Responsible Investing (UNPRI)

The UNPRI Initiative is an international network of investors working together to put the six Principles for Responsible Investment into practice The principles reflect the increasing relevance of environmental, social and corporate governance issues to investment practises. Signatories publically commit to adopt these principles and incorporate sustainability issues into their investment decision making and ownership practices, helping better align investment activities with the broader interests of society with them. As a signatory, M&G Investment Management Limited is required to report annually on its adherence to these key investment and asset management principles.

Environmental, Social and Corporate Governance Responsibility

Infracapital are long term owners of assets and best practice governance is of upmost importance to the team

Infracapital incorporates Environmental, Social and Corporate Governance (“ESG”) issues into its investment decision making and ownership policies and expects investee companies to comply with all relevant laws and make appropriate ESG disclosures.

Sustainability is a key consideration at every stage of the investment lifecycle, and ESG issues are considered in detail throughout the acquisition process.

Post-acquisition, Infracapital continually monitors and reviews sustainability issues for all portfolio companies.

The Walker Guidelines

Sir David Walker’s Guidelines for Disclosure and Transparency in Private Equity were issued in November 2007 and recommended, along with several initiatives, greater overall transparency from private equity firms

The Walker Guidelines were formulated after extensive consultation with industry groups including private equity, accountancy and law firms, as well as limited partners. These guidelines are intended for voluntary adoption by private equity firms authorised by the Financial Conduct Authority (FCA) and by UK companies owned by private equity funds.

Infracapital accepts their importance and supports them.

Although the application of the guidelines was suggested for private equity funds rather than infrastructure funds, Infracapital recognises the legitimacy of increased transparency and, where possible and appropriate, attempts to adopt this for reporting to limited partners and for the valuation of investments.