About us

Corporate responsibility

The Board’s aim is to invest responsibly. The Board is responsible for the definition and implementation of the Company’s corporate responsibility policy, however in practice it relies heavily on the relevant policies and procedures put in place by 3i Group that apply to the Investment Adviser and, consequently, to the Company.

For more information on 3i Group’s corporate responsibility policies, please refer to its website. The Board believes that these policies meet the Company’s objectives in this area.

As an investment company with no employees, governed by a non-executive Board of Directors, 3i Infrastructure has no material direct impact on the environment.

Responsible Investment policy

3i Group is a signatory to the UN Principles for Responsible Investment (“RI”) and has embedded RI policies in its investment and asset management processes. The Investment Adviser’s philosophy on RI can be summarised as follows:

  • The effective assessment and management of environmental, social, business integrity and corporate governance matters has a positive effect on the value of portfolio companies, and hence on 3i Infrastructure;
  • Compliance with local laws and regulations may not be enough to meet global expectations, deliver value and enhance its reputation and licence to operate; and
  • It is vital that the Investment Adviser seeks to identify all material environmental, social and governance (“ESG”) risks and opportunities through its due diligence and effectively manages them during the period of the Company’s investment.

The Investment Adviser’s RI policy makes clear that it aims to use its influence to promote a commitment in portfolio companies to:

  • Comply, as a minimum, with applicable local and international laws
  • Mitigate adverse environmental and social impacts and enhance positive effects on the environment, workers and relevant stakeholders
  • Uphold high standards of business integrity and good corporate governance.

The main features of the policy include:

  • Clear statements of the commitment to mitigate adverse environmental and social impacts and uphold high standards of business integrity and good corporate governance
  • An exclusion list of businesses and activities in which investment is precluded
  • A referral list of businesses and activities which may be particularly sensitive and may require additional scrutiny
  • A set of minimum ESG standards that portfolio companies should meet, either at the time of investment or within a reasonable period thereafter.

 

Bribery Act

The Company does not offer, pay or accept bribes and is committed to working only with third parties whose standards of business integrity are substantively consistent with its own. The Company also expects the businesses it invests in to commit to avoiding corruption in all its forms and to comply with anti-bribery, anti-fraud and anti-money laundering laws applicable to them. The Company has an anti-bribery policy and is fully compliant with the provisions of the UK Bribery Act.

Environment

As an investment company with no employees, governed by a non-executive Board of Directors, 3i Infrastructure plc itself has no material direct impact on the environment. Its carbon emissions are negligible, and limited to Board members’ travel to and from Jersey to attend Board meetings.

Procurement

3i Infrastructure has developed policies and procedures in relation to the procurement of services received from third-party providers. As far as possible, the Company will work only with suppliers who support its aim to source products and services responsibly. 3i Infrastructure aims to have a collaborative relationship with its service providers and, wherever possible, will work with them when problems or issues arise to help them meet its requirements.

Prompt Payment Code

3i Group performs most payment and treasury functions for the Company and is a signatory to the Prompt Payment Code. The Code encourages and promotes best practice between organisations and their suppliers. Signatories to the Code commit to paying their suppliers within clearly defined terms, and to ensuring there is a proper process for dealing with any issues that may arise.

Modern Slavery Act

The Board is committed to investing responsibly and notes the statement made by 3i Group plc under Section 54 of the Modern Slavery Act 2015 (“MSA”), which applies to the Company’s Investment Adviser. The Company itself is not subject to the MSA as it is a Jersey company.

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