AIP’s 2020 ESG Annual Report
AIP RECOGNISED AS A #1 LEADER WITHIN ESG
AIP is pleased to share the results of the 2020 GRESB Infrastructure Fund Assessment. Within the management component, AIP is ranked #1 out of 118 infrastructure funds globally. The management component of the GRESB Fund Assessment objectively measures ESG performance at AIP Management, including ESG integration in the investment process and overall ESG management within AIP. The management component is structured into five ESG aspects including leadership, policies, reporting, risk management, and stakeholder management. AIP received a best-in-class score of 30/30 in the management assessment, above its peers across all five aspects.
“Responsible investing has been an integral part of AIP’s way of working since the very beginning. The results of the 2020 GRESB assessment validates our approach and confirms our dedication to ESG”, says Kasper Hansen, Managing Partner at AIP Management.
The GRESB fund assessment is made up of two components: The management component (30%) and the performance component (70%). The latter measures ESG performance at individual asset level in the funds managed by AIP. The assets in the latest AIP fund scored very well. However, for the assets in the legacy AIP funds, the asset operator decided not to participate in the assessment this year, thereby lowering the performance score for the legacy funds and for AIP Management as a whole.
“With the 2020 GRESB assessment, AIP Management has emerged as a leader within ESG due diligence and ESG management. The performance score for our legacy funds, however, show that we still have some way to go in persuading our partners to follow our lead and join the platform. We are confident that the 2021 assessment will show progress in this regard”, says Nadia D’Ippolito, Senior Manager and ESG responsible at AIP Management.
GRESB is a mission-driven and investor-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to the capital markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world. In 2020 alone, more than 1,200 real estate portfolios reported to GRESB covering more than 96,000 assets. The coverage for infrastructure includes more than 540 infrastructure portfolios and assets. Combined, the reported assets represent US $5.3 trillion AUM. The data is used by more than 100 institutional and financial investors to monitor investments across portfolios and navigate the strategic choices needed for the industry to transition to a more sustainable future.
About ESG at AIP Management
Responsible investing has been an integral part of AIP’s investment strategy and way of working since its foundation in 2012. Born out of its investors’ long-standing commitment to reduce the environmental impact of its investments, AIP has consistently had an active approach to responsible investing and Environmental, Social, and Governance (ESG) matters.
Since the establishment as an independent investment manager in 2018, AIP has re-confirmed its commitments to the UN Global Compact and the UN Principles of Responsible Investment (UN PRI) that have been guiding principles for its investment work since the very beginning. In 2019, AIP decided to become a GRESB Infrastructure member to enhance the transparency in ESG information and ESG reporting towards its investors. Throughout 2019, AIP further enhanced the role of ESG as an expanded due diligence risk assessment was implemented for all new investments, in close cooperation with our dedicated ESG advisory partner, Klinkby Enge.
Please visit the AIP ESG website for more information.
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