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By accessing this website you are representing to International Public Partnerships Limited (the "Company") and its advisers that the applicable laws of your relevant jurisdiction allow you to access this website and the material contained herein and in particular that you are not: (i) a US Person (within the meaning of Regulation S under the US Securities Act of 1933, as amended the "Securities Act") and are not acting on behalf of a US Person, nor purchasing with a view to re-sale in the US or to or for the account of a US Person, and that you are not an employee benefit plan subject to the United States Employee Retirement Income Security Act of 1974 and the regulations promulgated thereunder (in each case as amended) ("ERISA") or similar US laws or an individual retirement account as defined in section 408 of the US Internal Revenue Code; or (ii) a resident of Australia, Canada, Japan, New Zealand, the Republic of South Africa, any EEA jurisdiction other than Ireland, Sweden or, to the extent that the necessary permissions have been granted, Denmark or a jurisdiction where the extension of availability of the materials to which you are seeking access would breach any applicable law or regulation, and that you will not: (i) offer, sell, renounce, transfer or deliver, directly or indirectly, Shares subscribed for by you in (A) the United States, or (B) Australia, Canada, Japan, New Zealand, the Republic of South Africa, any EEA jurisdiction other than Ireland, Sweden or, to the extent that the necessary permissions have been granted, Denmark, or in any jurisdiction in which such offers or sales are unlawful ("Excluded Territories") or to any US Person or resident of any Excluded Territories, or: (ii) release or otherwise forward, distribute or send any materials on this website in or into the United States or any Excluded Territories.

Shares offered by the Company have not been and will not be registered under the Securities Act or with any securities regulatory authority of any State or other jurisdiction of the United States and, subject to certain exceptions, may not be offered or sold within the United States or to, or for the account or benefit of, US Persons (within the meaning of Regulation S under the Securities Act). The Company has not been and will not be registered as an "investment company" under the United States Investment Company Act of 1940 and investors will not be entitled to the benefits of that Act. In addition, relevant clearances have not been, and will not be, obtained from the securities commission (or equivalent) of any province of any Excluded Territories and, accordingly, unless an exemption under any relevant legislation or regulations is applicable, none of the Shares may be offered, sold, renounced, transferred or delivered, directly or indirectly, in any Excluded Territories.

Unless expressly indicated otherwise on a particular document or section of this website, the contents of this website are not a UK financial promotion and none of the contents of this website constitute an invitation or inducement to engage in investment activity. If and to the extent that this website or any of its contents are deemed to be a financial promotion, the Company is relying on the exemption provided by Article 69 of the UK Financial Services and Markets Act 2000 (Financial Promotions) Order 2005/1529 in respect of section 21 of the UK Financial Services and Markets Act 2000. In particular, any information in respect of past performance (including without limitation past performance of the Company, its group, shares in the Company and/or the Company’s portfolio) cannot be relied upon as a guide to future performance. None of the contents of this website are intended to be nor may they be considered as an investment recommendation nor personal advice.

The Company is a closed ended listed investment company which is incorporated in Guernsey and is recognised as a third country self-managed AIF in very limited EEA jurisdictions under the EU Alternative Investment Fund Managers Directive and in the UK under the UK Alternative Investment Fund Managers Regulations 2013 (SI 2013/1773). The Ordinary Shares of the Company are excluded from the UK FCA restrictions on promotion that are applicable in the UK to non-mainstream investment products, due to its current investment company structure.

Alternative Investment Fund Managers Regulations 2013 (SI 2013/1773).  The Ordinary Shares of the Company are excluded from the UK FCA restrictions on promotion that are applicable in the UK to non-mainstream investment products, due to its current investment company structure.

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INPP invests responsibly with ESG fully integrated across the investment lifecycle and in line with the UN-backed Principles for Responsible Investment, the recommendations of the Task Force on Climate-related Financial Disclosures and the 2030 Agenda for Sustainable Development.

Consideration of ESG drivers is an important part of how the Company assesses the long-term viability of investments that it makes and its asset management strategies. ESG drivers are non-financial factors that can influence and be influenced by the Company’s business activities and include issues such as climate change, demographics, resources, technology and social values.

Consideration of ESG is important to the Company for the following key reasons:

  • ESG drivers present an opportunity for investment opportunities in new markets
  • Incorporating ESG into the Company’s management processes supports its high standards of financial rigour and requirements for long-term financial performance
  • By investing in infrastructure and associated businesses, the Company can meaningfully support sustainable development

INPP’s approach to sustainability and ESG integration is detailed within its sustainability report.

View our sustainability report

 

The Board has overall responsibility for ESG and ensuring it is fully integrated into all aspects of the investment strategy. To support it in this role, the Board established a new ESG Committee in March 2021. The ESG Committee provides a forum for discussion, support and challenge, with respect to ESG. This includes the policies adopted by the Company in relation to both investments and divestments and by its Investment Adviser as regards the Investment Manager’s asset management activities and reporting on such matters to the ESG Committee and Board. The ESG Committee meets quarterly and full Terms of Reference can be viewed here.

 

Integration of the Company's strategic sustainability objectives and the ESG drivers which inform investment decision making is an essential part of its investment process, as summarised below. 

To benchmark its ESG integration performance, the Company's Investment Adviser became a signatory of the PRI in August 2019. All the Company's investment-related activities by the Investment Adviser are in line with commitments to the Principles.

Reporting is compulsory for all PRI signatories. It is one of the explicit commitments that signatories make when signing the Principles. Upon joining the PRI, signatories have a one-year grace period whereby the first reporting cycle is voluntary. The Company's Investment Adviser decided to by-pass this grace period, and the Company is pleased to report that its Investment Adviser obtained an A+ ranking for both the Strategy and Governance and the Infrastructure modules in 2020.

The Company believes that investing in infrastructure that supports a sustainable, prosperous, equitable and resilient society will maintain robust financial performance for its shareholders. It is supportive of the 2030 Agenda for Sustainable Development adopted by the UN Member States in 2015. Alongside the research of its investment adviser into emerging trends and technologies, the Company draws on the SDGs to help guide its approach to sustainability.

By investing in the ‘right type’ of infrastructure, the Company believes its investments can significantly support the targets set out by the SDGs. For each investment sector, the Company has identified which SDGs its investments are positively impacting. The principal SDGs supported by the Company’s investments are set out below.

 

Climate change presents both transitional and physical risks to the Company's investments. As such, it continues to be a high priority for the Company. The Company has aligned its investment activity with the objectives of the Paris Agreement and it has resolved to align with the recommendations of the TCFD. During 2020, the Company's Investment Adviser commissioned an external third party to review the Company's current practices and make recommendations as to how it can enhance its approach and disclosures according to the TCFD Guidelines. The Company is actively developing a carbon footprint across all its investments to establish a baseline and will be developing ways to enhance its consideration and disclosure of transition and physical risks of climate change.

 

Below are links to both the Company’s ESG Policy, Sustainability Report and the practices and statements that are published by Amber Infrastructure, the Company’s Investment Adviser, that inform our overall approach:

INPP Sustainability Report

Amber's ESG Policy 
Amber 2020 PRI Transparency Report
Amber 2020 PRI Assessment Report
 

In addition, the Company has published the following disclosure on its approach to the Covid-19 pandemic:
Covid-19 Disclosure