SIMCo announces improved UN Principles for Responsible Investing scores across all categories

Sequoia Investment Management Company (“SIMCo”), the specialist infrastructure debt investment management company, announces that it has improved its delivery against the UN’s Principles for Responsible Investing (“PRI”) in every category since its prior assessment in 2023. According to the PRI’s recent assessment report, SIMCo sits above the PRI medians for two of the three applicable modules.

These improvements reflect the impact of recently introduced processes and initiatives SIMCo is applying, including climate scenario analysis and enhanced reporting of emissions metrics. SIMCo also published a comprehensive, standalone Governance Policy covering its assessment of good governance at borrowers and covering one of the funds for which SIMCo is the Investment Adviser: Sequoia Economic Infrastructure Income Fund (“SEQI”), the UK’s largest listed credit fund. In addition, SIMCo has enhanced its engagement with investors on sustainability issues, including convening annual dedicated discussion forums for investors to engage and share insights with SIMCo and other investors on key ESG topics and provide feedback on SIMCo’s responsible investment processes.

Going forward, SIMCo will work to refine its emissions metrics disclosures and climate scenario analysis over the coming years to improve the robustness and decision-usefulness of the analysis, and we will also look to continue investor engagement in order to refine our proprietary ESG scoring methodology.

SIMCo became a signatory to the PRI in May 2019, committing the Group to incorporate ESG factors into investment analysis and decision-making processes, amongst other efforts. The SIMCo management team continue to identify areas for further improvements, particularly around its confidence building measures.

The Principles are applied at SIMCo’s funds and the funds to which the company is the Investment Adviser, including SEQI.

Randall Sandstrom, Director and CEO/CIO of SIMCo, commented: “Responsible investing is essential to our purpose. I am very pleased to see the progress we have made, across all categories, in our delivery against the UN’s PRI. This reflects SIMCo’s long-standing commitment to its award-winning sustainability and ESG strategy.

We will continue to work hard to refine and improve our strategy, to maintain our position as market leaders in terms of our sustainability commitments and their role in our investment process.”