Basalt recognises environmental, social and governance (ESG) principles and seeks to consider these at all stages of the investment life-cycle (acquisition/management/disposal). Basalt understands the impact that ESG has on the long term performance of portfolio investments and fundamentally integrates effective research, analysis and valuation of ESG issues into investment decisions.

Basalt is a signatory of the Principles for Responsible Investment (PRI) and subscribes to the international network of investors commitment of working together to put the principles into practice;

• Incorporate a sustainable investment strategy in infrastructure assets and companies.
• Incorporate ESG issues into ownership policies and practices.
• Disclose on ESG issues by the entities in which we invest.
• Promote acceptance and implementation of the Principles within the investment industry.
• Work together to enhance our effectiveness in implementing the Principles.
• Report on our activities and progress towards implementing the Principles.

Basalt aims to define these commitments and apply rules of good governance, protect the environment, respect human capital, and respond to expectations of the community.

Basalt also supports the development of more climate-related disclosures through the Task Force on Climate-Related Financial Disclosures, which it is working to incorporate within its overall ESG strategy.

ESG policy available on request.