TIDMPINT
RNS Number : 9792M
Pantheon Infrastructure PLC
19 September 2023
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
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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 +44 (0) 20 3356 1800
Investment Manager pint@pantheon.com
Richard Sem, Partner
Alex Denny, Managing Director
Ben Perkins, Principal
Harriet Alexander, Vice President
Investec Bank plc
Corporate Broker
Tom Skinner (Corporate Broking)
Lucy Lewis, Denis Flanagan (Corporate
Finance) +44 (0) 20 7597 4000
TB Cardew +44 (0) 20 7930 0777
Public relations advisor 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
.
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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