Responsible investing

As long-term asset owners and stewards of client capital,
we focus on managing our assets responsibly

We believe that our systematic evaluation of material environmental,
social, and governance (“ESG”) factors improves our ability to
manage risk, protects the value of our investments and enhances our
long-term investment returns.

ESG considerations & focus areas

At CC&L Infrastructure, we consider a wide array of ESG factors throughout our investment
processes that may individually or in combination effect the risk and return profile of our investment.

Illustrative Considerations

Environmental Social Governance
  • Air pollution
  • Biodiversity and habitat
  • Energy
  • Greenhouse gas emissions (GHG)
  • Hazardous substances
  • Physical risk
  • Waste
  • Water
  • Employee engagement and diversity
  • Health and safety
  • Human rights
  • Indigenous relations
  • Stakeholder relations
  • Board/committee composition
  • Board ESG oversight
  • Business ethics
  • Cybersecurity and data protection
  • Executive compensation
  • Shareholder rights

Our Responsible Investment approach is centered around five focus areas which we consider to be
the most important to the success of our business and the most relevant from an ESG standpoint to our portfolio.
Below is a description of the five focus areas and how they support specific SDGs.

Focus area Description Applicable UN SDGs
1 – Asset resilience We identify and manage ESG risks and opportunities to improve asset resilience and reliability, now and in the future (e.g. environmental plans, ESG certifications, cybersecurity audits). SDG 9 - Industry, innovation and infrastructure SDG 11 - Sustainable cities and communities
2 – Climate & transition We invest in the clean energy transition and decarbonization,(e.g. clean energy generation, measurement and reduction of greenhouse gas emissions) SDG 7 - Affordable and clean energy SDG 13 - Climate action
3 – Shared value We develop mutually beneficial partnerships with our stakeholders (e.g. stakeholder engagement plans, collaboration with local First Nations groups, community support initiatives) SDG 8 - Decent work and economic growth SDG 10 - Reduced inequalities
4 – People focus We keep our people, and anyone involved in our assets, safe and create a supportive and respectful work environment (e.g. health & safety audits, employee training, DEI policy) SDG 3 - Good health and well-being SDG 8 - Decent work and economic growth
5 – Governing with integrity We operate with high ethical standards, establish good governance, and disclose our ESG performance transparently (e.g. governance policies, board representation, UNPRI reporting)

Responsible investment approach

We integrate material ESG factors in each aspect of our investment process.

Deal sourcing

When exploring new investments, we assess potential risks, opportunities, and effects of material ESG factors on the prospective investment. We also leverage relationships with partners with common ESG values to identify and source transactions.

CC&L Infrastructure does not exclude companies, sectors or asset types based on a particular activity or ESG exposure alone. We believe it is important to consider those factors within our overall investment process rather than unduly narrowing the universe of potential investments. Instead, the decision as to whether we pursue an investment is determined on a risk-adjusted basis following a holistic assessment of the individual opportunity.

Due diligence

We complete an assessment of ESG factors during due diligence, which enables our investment team to form a view on how they may affect the long-term performance and value of the asset. Material ESG factors are included in our analyses of investments, and our investment team ensures that we are adequately compensated for ESG risks and benefits.

Investment decisions

The Investment Committee is responsible for reviewing investment presentations and approving investment decisions. A summary of material ESG factors analyzed during due diligence is included in Investment Committee presentations.

Onboarding &
asset management

We seek to address material ESG factors by actively managing our assets and portfolio companies, and by partnering with like-minded investors.

Our asset management team is responsible for integrating ESG due diligence findings into asset onboarding. Furthermore, the asset management team monitors ongoing ESG performance across the portfolio. Our stewardship and engagement efforts include, but are not limited to, consultation with stakeholders, representation on the board of directors for our assets, and active dialogue with management teams to support continued improvement.

Responsible investing in action

North Island Hospitals Project
Engaging with local stakeholders to deliver
award-winning, sustainable infrastructure to
meet growing community needs.

Find out more

Southgate Solar Project
Focused on environmental stewardship
through sustainable vegetation management.
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Find out more

Regina Bypass Project
Putting safety first in the construction of
essential infrastructure that supports local
communities.

Find out more

Corporate Social Responsibility

We are committed to building strong and vibrant communities by supporting causes that are important to our clients, employees, partners, and stakeholders.

Diversity, Equity, Inclusion and Belonging

We support a team culture that promotes diversity and collaboration in orders to achieve collective success.

Associations

 

United Nations–backed Principles for Responsible Investment (UN PRI)

CC&L Infrastructure is a signatory to the United Nations Principles for Responsible Investment (UN PRI), formalizing our long standing commitment to integrate Responsible Investment considerations into our investment process.

CC&L Infrastructure
March 18th, 2022