19 September 2023
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
PANTHEON INFRASTRUCTURE PLC
Publication of Sustainability Report
Pantheon Infrastructure PLC ("PINT" or "the Company"), the listed global infrastructure fund, has published its inaugural Sustainability Report for 2022 (the "Report").
The Report is available to read and download from Reports and Publications on the Company's website: https://www.pantheoninfrastructure.com/investor-centre/reports-and-publications/
As an Article 8 fund and signatory to the Task Force on Climate-related Financial Disclosures ("TCFD"), PINT believes that sound ESG practices and sustainable operations are integral to building a resilient business that creates long-term value for shareholders and other stakeholders.
In this report, you will find disclosures for CO2 Scope 1 and 2 emissions, in addition to diversity & policy statistics and Sustainable Development Goal ("SDG") mapping of the underlying portfolio companies in PINT.
The Report also details PINT's approach to assessing ESG opportunities and risk, and includes an assessment of Sponsor-level and Portfolio Company-level factors in ongoing projects across its respective portfolio companies. It outlines the importance of breaking ESG down into its three components to set measurable and achievable targets for each. The approach is based around four key aspects:
● | Enhanced transparency through improved ESG practices |
● | Integration of ESG screening, due diligence and monitoring |
● | Consistent Sponsor, industry and investor engagement, which leads to improved ESG reporting |
● | Developing capabilities to offer solutions that meet investors' ESG and sustainability criteria |
In addition, the Report forecasts sector-specific transition opportunities and risks in line with PINT's current exposures. To compile this data, the Report assesses the potential positive and negative investment implications for various infrastructure sectors resulting from the transition to a lower carbon economy, using variables produced by the International Energy Agency ("IEA") that are considered most relevant to infrastructure and real assets.
Pantheon Ventures ("Pantheon"), the Company's investment manager, was one of the first private equity investors to sign up to the PRI in 2007 and has used these principles as a framework to develop its ESG policy across all its investment activities. Since becoming a signatory, Pantheon has remained highly engaged with the PRI and has been heavily focused on ESG adoption, both through its involvement with associates and industry bodies, and through its integration of ESG analysis into its investment process. Pantheon's most recent initiatives include:
● | In 2022 appointing a Global Head of ESG responsible for overseeing and developing the firm's ESG strategy and range of initiatives; |
● | Becoming members of the Initiative Climate International ("ICI"), a global community of private market investors which seeks to improving the industry's understanding and management of the risks and opportunities associated with climate change. Pantheon joined in 2022; |
● | Developing an ESG screening process and 'scorecard' to enhance the due diligence process designed to identify the material ESG risk of an investment. It incorporates work on climate risk and other ESG considerations, including ESG reporting, country risk, reputational risk, and biodiversity risk; and |
● | In July 2023, PINT formally established an ESG Committee to oversee its ESG and Sustainability Policy |
Richard Sem, Partner at Pantheon, PINT's investment manager, commented: "Integrating ESG considerations into the selection and monitoring of infrastructure assets is central to PINT's business model, and we are pleased to publish a report that captures this ethos. Infrastructure, and the role private capital plays in financing its development, is expected to play a central role in the transition to a low carbon global economy. The IEA estimates that approximately 70% of clean energy investment will need to come from investors rather than government funding. To this end, PINT remains confident in not only the ESG initiatives of our current portfolio companies, but also our ability to identify attractive investment opportunities that can provide strong returns for our shareholders and exhibit positive ESG ratings."
Ends
For further information, contact:
Pantheon Ventures (UK) LLP Investment Manager
Richard Sem, Partner Alex Denny, Managing Director Ben Perkins, Principal Harriet Alexander, Vice President
| +44 (0) 20 3356 1800
|
Investec Bank plc Corporate Broker
Tom Skinner (Corporate Broking) Lucy Lewis, Denis Flanagan (Corporate Finance)
| +44 (0) 20 7597 4000
|
TB Cardew Public relations advisor
Ed Orlebar Tania Wild Henry Crane
| +44 (0) 20 7930 0777
+44 (0)7738 724 630 +44 (0)7425 536 903 +44 (0)7918 207157
|
Notes to editors
Pantheon Infrastructure PLC (PINT)
Pantheon Infrastructure PLC is a closed-ended investment company and an approved UK Investment Trust, listed on the Premium Segment of the London Stock Exchange's Main Market. Its Ordinary Shares trade under the ticker 'PINT'. The independent Board of Directors of PINT have appointed Pantheon, one of the leading private markets investment managers globally, as investment manager. PINT aims to provide exposure to a global, diversified portfolio of high-quality infrastructure assets through building a portfolio of direct co-investments in infrastructure assets with strong defensive characteristics, typically benefitting from contracted cash flows, inflation protection and conservative leverage profiles.
Further details can be found at www.pantheoninfrastructure.com.
LEI 213800CKJXQX64XMRK69
Pantheon
Pantheon is a leading global private markets specialist with dedicated strategies across private equity, real assets and private credit, with 40 years' experience sourcing and executing investment opportunities on behalf of clients. Pantheon manages or advises on US$93.4 billion of assets (as at 31 March 2023) and employs more than 460 staff, including around 140 investment professionals, across offices in London, San Francisco, New York, Chicago, Hong Kong, Seoul, Bogotá, Tokyo, Dublin, Berlin and a presence in Tel Aviv.
Further details can be found at www.pantheon.com.
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