Our commitment to environmental sustainability, social responsibility, and corporate governance enables great stewardship across our firm, for our stakeholders, and the communities we work in, creating the foundation for better-informed decisions for the long-term horizon.
We are signatories of the United Nations-supported Principles of Responsible Investment (PRI) and we integrate ESG principles into all stages of our investment process.
Minimize our investments’ environmental impact and support the global energy transition
Amplify the health, safety and well-being of our employees and our communities
Uphold strong governance principles and ethical conduct
To integrate ESG assessment into our investment process including origination, investment due diligence, approval, asset management, and disposition.
To quantify the risk and return impact of ESG factors, where possible.
To monitor and improve our ESG performance in our asset management activities.
To report and be accountable on ESG-related matters to our investors and stakeholders.
To promote responsible investment principles to our employees, partners, service providers, and investors.
SDGs – We have aligned our material topics to the UNs’ 17 Sustainable Development Goals (SDGs). The SDGs, also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet and ensure that by 2030 all people enjoy peace and prosperity.
Fengate is pleased to announce that we became a Taskforce on Nature-related Financial Disclosures (TNFD) Forum Member in 2023. Our goal is to work alongside the TNFD to embed nature-related risks and opportunities into our firm’s strategic planning, operations, risk management processes and asset management activities to create long-term sustainable value.
Fengate supports the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD) and is continuing to understand and address potential climate risks that Fengate may be exposed to through ongoing physical and transition risk assessments. Fengate is pleased to share its inaugural firmwide TCFD report enclosed in this 2023 ESG Report.
Fengate is a proud signatory of the Institutional Limited Partners Association (ILPA) Diversity in Action initiative. The ILPA Diversity in Action initiative brings together limited partners (LP) and general partners (GP) who share a commitment to advancing diversity, equity, and inclusion in the private equity industry.
In 2022, Fengate became a member of the Global Real Estate Sustainability Benchmark (GRESB), an investor-driven organization that assesses the sustainability performance of real estate portfolios and assets. FCIF began its submissions to GRESB in 2022 for its grace period, while Development Fund III began its submission in 2023 for its grace period. In 2023, FCIF formally participated in GRESB with scores to be released in late 2024.
Fengate Infrastructure Fund IV (“Fund IV”) is Sustainable Finance Disclosure Regulations (SFDR) Article 8 compliant. Fund IV promotes environmental and social characteristics but does not include the objective of sustainable investment.
As a signatory of the UNPRI, Fengate has committed to upholding its principles in our firm’s activities. Fengate professionals across the organization work together to integrate the principles throughout the full investment life cycle. Fengate is committed to applying the six principles of the UNPRI:
- We will incorporate ESG factors into investment analysis and decision-making processes.
- We will be active owners and incorporate ESG factors into our ownership policies and practices.
- We will seek appropriate disclosure on ESG factors by the entities in which we invest.
- We will promote acceptance and implementation of the Principles within the investment industry.
- We will work together to enhance our effectiveness in implementing the Principles.
- We will report on our activities and progress towards implementing the Principles.
