GIP considers corporate governance and corporate social responsibility (CSR) in every investment decision that we make. We recognize the link between sustainable and legally compliant business operations and a strong bottom line.
Along with a thorough evaluation of corporate governance and CSR, our diligence activities include reviewing the compliance status of each investment target as it relates to applicable environmental, health and safety (EHS) regulations and industrial best practices.
At a very early stage, our EHS team is involved in evaluating how a potential investment addresses EHS matters. This review continues throughout our investment process. We perform a comprehensive audit of EHS practices and regulatory results and once our ownership period begins, GIP implements any measures necessary to insure that the portfolio company’s EHS practices are in compliance with our standards. We then perform periodic follow up reviews to assure continuous improvement. Our objective is to integrate EHS best practices into every one of our companies. A crucial component of this diligence is to monitor key elements of EHS, including:
GIP seeks to maintain compliance with all applicable EHS laws and industry standards, and identifies and implements best practices across all portfolio companies. Our overarching goal is to send our employees home safely every day.
To implement our EHS policies across all GIP portfolio companies, we have established a uniform group of metrics to track performance. Additionally, we conduct regular reviews of portfolio company EHS performance and develop performance improvement plans where necessary. To drive our CSR and EHS policies and performance, GIP has an experienced in-house team that evaluates and monitors the labor and environmental practices of both the portfolio companies we own and those in which we are considering making an investment. GIP is one of the very few infrastructure fund managers with this type of dedicated EHS team.
GIP’s EHS leader has more than 30 years of government and industry EHS experience and has received awards in both government and private sector roles for his outstanding achievement in the EHS area.
GIP strives to be fully transparent with all of our stakeholders, including government agencies, local communities, customers, employees and of course, our investors. We communicate with our investors frequently, and we voluntarily comply with the British Private Equity and Venture Capital Association’s (BVCA) Guidelines for Disclosure and Transparency in Private Equity (the "Walker Guidelines").