ICG’s Infrastructure Equity fund has established a reporting framework for its portfolio companies, incorporating environmental, social and governance (ESG) and impact performance.
The direct contribution of the assets’ core activities to the relevant United Nations sustainable development goals (SDGs) are assessed, monitored (and quantified) annually using key metrics.
In 2021, we distributed our first Annual ESG Report on the Infrastructure Equity strategy.
In recognition of its comprehensive sustainability framework and impact reporting, ICG’s infrastructure equity was shortlisted for the 2020 PRI award in the ‘ESG Incorporation Initiative of the Year’ category.
Positive outcomes across ICG’s infrastructure equity investments
We designed a tailored Sustainability Framework for our Infrastructure Equity investments, drawing on the Global Impact Investing Network’s IRIS+ taxonomy, to identify, assess, monitor and, where possible, quantify the direct contribution of portfolio companies’ core activities to relevant SDGs.
Below are some examples of the impacts achieved across the portfolio in 2020:
Energy and carbon
729GWh of renewable energy generated, equivalent to the annual electricity needs of 330,000 people
243,877 tonnes of CO2e avoided
Sustainable development goals
- SDG 7 (Affordable and Clean Energy)
Energy, water and communications
221MW installed renewable energy capacity mostly in France and other international operations
27 million m3 of water saved across 1.6 million households through smart metering
Over 80,000 households and businesses provided with fibre connection
4,075km of fibre network deployed and operated (75% in rural areas)
Sustainable development goals
- SDG 9 (Industry, Innovation and Infrastructure)
- SDG 11 (Sustainable Cities and Communities)
- SDG 12 (Responsible Consumption and Production)
Employment
135 net jobs created
Over 1,100 people employed, 35% of which identify as female
Sustainable development goals
- SDG 5 (Gender Equality)
- SDG 8 (Decent Work and Economic Growth)
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