This due diligence questionnaire (DDQ) has been developed to help investors better understand and evaluate investment managers’ approaches to responsible investment.
The questions in this DDQ are primarily tailored to investment managers who make direct investments in infrastructure, though the questions can be adapted for managers of forestry and farmland investments. When a question, or element of a question, is relevant to investors in forestry or farmland only, this is specified. There is a separate responsible investment DDQ for real estate investors.
The DDQ should not be considered in isolation, but rather used to support a wider information-gathering process. The PRI encourages investors to:
- consider what additional resources are available to enhance their understanding of investment managers’ answers, and
- engage with investment managers to seek additional information and clarification, where necessary.
To promote consistency, the DDQ is designed to complement the information gathered through the PRI’s Reporting Framework – particularly the infrastructure module – as well as investment disclosure standards and frameworks developed by external organisations. The DDQ will be updated periodically to align with future changes to the Reporting Framework.
We have previously published a DDQ on diversity, equity and inclusion (DEI). Investors are invited to supplement these infrastructure-related questions with those in the DEI DDQ.
Please contact [email protected] if you have questions or feedback regarding this DDQ.
The appendix lists where questions in this DDQ map, either fully or partially, to indicators within the PRI 2024 Reporting & Assessment Framework and the GRESB 2024 Assessment.
Some questions in the DDQ focus on an organisation’s overarching approach to responsible investment, while others apply at the fund level.
The DDQ provides guidance on the type of information each question is aiming to elicit. The PRI encourages investment managers to answer the question in a way that goes beyond these points.
Where relevant, we refer to the Reporting Framework glossary of key terms.
| Organisation-level responsible investment documents | Fund-level responsible investment documents |
|---|---|
|
☐ PRI transparency report ☐ Responsible investment policy ☐ Responsible investment reports ☐ Impact investing report (relevant for allocators to impact strategies) ☐ Code of conduct ☐ DEI policy ☐ Whistleblower policy ☐ Task Force on Climate-Related Financial Disclosures (TCFD) report ☐ Taskforce on Nature-related Financial Disclosures (TNFD) report |
☐ Examples of environmental, social and governance (ESG) disclosures from fund(s) / investment vehicle(s) that a manager currently and / or previously managed ☐ Any additional policies relating to ESG matters |
