As long-term asset owners and stewards of client capital,
CC&L Infrastructure Responsible
Investment Report – 2023
We believe Responsible Investment (RI) is integral to the long-term
success of our business, and manage our investments accordingly.
Learn more about our portfolio and our overall RI strategy
in our inaugural Responsible Investment report below.
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 |
|---|---|---|
|
|
|
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). |   |
| 2 – Climate & transition | We invest in the clean energy transition and decarbonization,(e.g. clean energy generation, measurement and reduction of greenhouse gas emissions) |   |
| 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) |   |
| 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) |  |
| 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.
Southgate Solar Project
Focused on environmental stewardship
through sustainable vegetation management.
Regina Bypass Project
Putting safety first in the construction of
essential infrastructure that supports local
communities.
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.
For additional information on Connor, Clark & Lunn Infrastructure Ltd., please contact:
Brent Wilkins
Senior Vice President,
Head of Institutional Sales, Canada
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CC&L Infrastructure
March 18th, 2022