Sustainability updates
BBGI ACHIEVES HIGH RATINGS OF 5/5 STARS (POLICY GOVERNANCE AND STRATEGY), 5/5 STARS (DIRECT INFRASTRUCTURE) AND 4/5 STARS (CONFIDENCE BUILDING MEASURES) IN LATEST UN PRI ASSESSMENT
BBGI is pleased to have been awarded the highest rating of 5 stars in the United Nations Principles for Responsible Investment (PRI) 2024 assessment for the Policy, Governance & Strategy and Infrastructure modules. The five stars rating reflects BBGI’s continued focus on integrating ESG considerations into all aspects of our investment lifecycle. Additionally, we secured a strong 4-star rating for Confidence Building Measures.
As a PRI signatory since 2019, BBGI remains a long-term steward of critical social infrastructure, integrating ESG principles into every phase of our investment process. We align our management approach with key UN Sustainable Development Goals (SDGs) to generate both financial and social value.
We are pleased to publish BBGI’s fourth standalone annual Sustainability Report. Our 2023 Sustainability Report provides detailed information on the progress we have made during 2023 and showcases the achievements delivered by BBGI and at our Portfolio Companies. The Report focuses on our most material sustainability topics, an approach we developed based on stakeholder engagement and double-materiality assessment. It also aims to complement the Task Force on Climate-Related Financial Disclosures (‘TCFD’) reporting, by disclosing our climate metrics and scenario analysis. It demonstrates the implementation of our commitment to the UN Principles for Responsible Investment (‘PRI’), Net Zero Asset Managers Initiative (‘NZAM’) and presents certain metrics disclosed in our SFDR Principal Adverse Impact Statement. Several elements of this Sustainability Report have been independently calculated or reviewed by external parties. An independent external assurer undertook a limited assurance on 'Selected GHG Financed Emissions' information for the period 1 January to 31 December 2022 and 2023. This information includes the reporting of GHG emissions across Scope 1, Scope 2, and material Scope 3 emissions of BBGI’s apportioned financed investments, in accordance with the relevant GHG Protocol and PCAF Guidance.
We invite you to read our 2023 Sustainability Report here. We are pleased to present the latest social and environmental initiatives across our portfolio through detailed case studies here.
BBGI ACHIEVES HIGH RATINGS AGAIN OF 5/5 STARS (POLICY GOVERNANCE AND STRATEGY), 5/5 STARS (DIRECT INFRASTRUCTURE) AND 4/5 STARS (CONFIDENCE BUILDING MEASURES) IN LATEST UN PRI ASSESSMENT
BBGI is pleased to have been awarded the highest rating of 5 stars in the United Nations Principles for Responsible Investment (PRI) 2023 assessment for the Policy, Governance & Strategy and Infrastructure modules. The five stars rating reflects BBGI’s continued focus on integrating ESG considerations into all aspects of our investment lifecycle. BBGI has also been awarded a high rating of 4 stars for the Confidence building measures module.
BBGI has been a signatory to the PRI since 2019 and remains a long-term custodian and responsible hands-on steward of critical social infrastructure.
We align our active management approach to focused UN Sustainable Goals (SDGs) and ESG principles which are integrated into our investment and operating model. This strong ESG approach serves to strengthen the financial and non-financial returns our portfolio generates for all stakeholders.
As socially beneficial investment under SFDR’s Article 8, we monitor and report social and environmental impact effectively, and incentivise strong ESG performance by directly linking results to executive compensation.
We are pleased to publish BBGI’s third standalone annual ESG Report. Our 2022 ESG Report provides detailed information on the progress we have made during 2022 and showcases the achievements delivered at our Portfolio Companies. The Report focuses on our most material ESG topics, an approach we developed based on stakeholder engagement and materiality assessment. It also aims to complement the Task Force on Climate-Related Financial Disclosures (‘TCFD’) reporting, included in our 2022 Annual Report, by disclosing our climate metrics and scenario analysis. Please read our 2022 ESG Report here.
Duncan Ball and Frank Schramm, Co-CEOs of BBGI, said:
“As the Co-CEOs of our social infrastructure investment company, we are proud to share our latest ESG Report with you. As stewards of important social infrastructure investments, we continue to evolve our reporting and monitoring of our ESG performance, with ESG integrated into our business model. We aim to make a positive impact on society and the environment through our portfolio of social infrastructure investments. This Report highlights our progress and achievements, and supports transparent communication to all our stakeholders.
We are grateful for the hard work and dedication of our teams in progressing our ESG initiatives. Our commitment to ESG is shared by all staff. We would like to thank all our stakeholders, including our investors, our public sector clients, our subcontractors and management service providers for their continued support and engagement.
We are confident that by continuing to prioritise ESG considerations we can make a meaningful difference in the world, while delivering strong financial returns for our investors.”
ISS ESG AWARDS BBGI A VERY STRONG ESG RATING OF B-, PLACING BBGI IN THE HIGHEST DECILE RANK 1 (TOP 10%) VERSUS OUR INDUSTRY PEERS, WITH “VERY HIGH” TRANSPARENCY LEVEL AND “PRIME” STATUS
BBGI Global Infrastructure S.A. (LSE ticker: BBGI) is pleased to announce that we were awarded a very high ESG rating in the latest ISS ESG Corporate Rating Report, March 2023. Our rating of B- places BBGI in the highest decile rank 1 (top 10%) versus our industry peer group.
ISS ESG also acknowledge BBGI for our “Very High” Transparency Level and we were awarded “Prime” Status, which means that BBGI fulfils ISS ESG's demanding requirements regarding sustainability performance in our sector.
BBGI’s very strong ESG rating was driven by a wide variety of strengths noted by ISS ESG, including BBGI’s sustainable investment criteria and responsible ownership activities, transparency on portfolio companies, environmental management, social and product responsibility, corporate governance and business ethics, and eco-efficiency.
Duncan Ball and Frank Schramm, Co-CEOs of BBGI, commented:
"We are pleased with the very high rating BBGI has been awarded by ISS ESG, ranking us in the top 10% of our industry peer group and with a “Very High” transparency level, recognising our very strong ESG approach and commitment.
As a steward of critical social infrastructure, ESG is embedded in our DNA and we remain committed to continuing to further strengthen our ESG approach and credentials, delivering critical social infrastructure for healthier, safer and more connected societies whilst creating sustainable value for all stakeholders.”
ISS ESG is the responsible investment arm of Institutional Shareholder Services group of companies (ISS), which empowers investors and companies to build for long-term and sustainable growth by providing high-quality data, analytics, and insight.
The ESG Corporate Rating provides relevant and forward-looking environmental, social and governance (ESG) and performance assessments. Drawing on an overall pool of about 700 standard and industry-specific indicators, ISS ESG applies approximately 100 environmental, social and governance-related indicators per rating. The Decile Rank indicates in which decile (tenth part of total) the individual Corporate Rating ranks within its industry from 1 (best – rating is in the first decile within its industry) to 10 (lowest – rating is in the tenth decile within its industry).
BBGI ACHIEVES HIGH RATINGS AGAIN OF 5/5 STARS (INVESTMENT & STEWARDSHIP POLICY) AND 4/5 STARS (DIRECT INFRASTRUCTURE) IN LATEST PRINCIPLES FOR RESPONSIBLE INVESTMENT ASSESSMENT
Acting sustainably and responsibly is fundamental to our ability to deliver long-term positive value and impact for all our stakeholders
BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure investment company, is pleased to announce that the Company has achieved the highest rating of 5 Stars (Investment & Stewardship Policy category, score: 98/100) and achieved 4 Stars (Direct Infrastructure category, score: 89/100) in the latest Principles for Responsible Investment (PRI) assessment.
BBGI has been a signatory to the PRI since 2019 and remains a long-term custodian and responsible hands-on steward of critical social infrastructure.
We align our active management approach to six focused UN Sustainable Goals (SDGs) and ESG principles which are integrated into our investment and operating model. This strong ESG approach serves to strengthen the financial and non-financial returns our portfolio generates for all stakeholders.
As socially beneficial investment under SFDR’s Article 8, we monitor and report social and environmental impact effectively, and incentivise strong ESG performance by directly linking results to executive compensation.
Please read BBGI’s PRI Responsible Investor Report here.
Duncan Ball and Frank Schramm, Co-CEOs of BBGI, said:
"We are pleased with the high ratings BBGI has again achieved in the latest PRI assessment. These recognise that a strong ESG approach remains a core value for the company and is integral to the robust, resilient, and defensive nature of BBGI’s long-term investment and proactive asset management strategies.
The ESG landscape continues to evolve and we remain committed to continuing to further strengthen our ESG approach and credentials. We will continue to seek to address both financial and non-financial risks to ensure BBGI’s sustainable, value-driven approach delivers long-term positive outcomes for society, the environment and all of our stakeholders."
The PRI, an independent body supported by the United Nations, is the world’s leading proponent of responsible investment, working to understand the investment implications of environmental, social and governance (ESG) factors, and to support its international network of investor signatories in incorporating ESG factors into their investment and ownership decisions.
BBGI VOLUNTARILY OPTED TO REPORT UNDER THE UN GLOBAL COMPACT ‘ENHANCED’ FRAMEWORK THIS YEAR
At BBGI, we are a proud Early Adopter of the United Nations Global Compact Communication on Progress. This is designed to add value and streamline sustainability reporting for all participating companies of the UN Global Compact. BBGI voluntarily opted to report under the ‘Enhanced’ framework this year, which will become mandatory as of 2023 for all signatories.
BBGI’s Early Adopter of the UN Global Compact Enhanced Communication on Progress is now publicly available on the UNGC’s website here.