REG - Pantheon Infrastrct. - Publication of Sustainability Report

Pantheon InfrastructureAnnouncement

19/09/2023 18:15

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RNS Number : 9792M  Pantheon Infrastructure PLC  19 September 2023

19 September 2023

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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/
(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                       +44 (0) 20 3356 1800

 Investment Manager                               pint@pantheon.com (mailto:pint@pantheon.com)

 Richard Sem, Partner

 Alex Denny, Managing Director

 Ben Perkins, Principal

 Harriet Alexander, Vice President

 Investec Bank plc                                +44 (0) 20 7597 4000

 Corporate Broker

 Tom Skinner (Corporate Broking)

 Lucy Lewis, Denis Flanagan (Corporate Finance)

 TB Cardew                                        +44 (0) 20 7930 0777

 Public relations advisor                         pint@tbcardew.com (mailto:pint@tbcardew.com)

 Ed Orlebar                                       +44 (0)7738 724 630

 Tania Wild                                       +44 (0)7425 536 903

 Henry Crane                                      +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
(http://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 (http://www.pantheon.com/) .

 

 

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