27 Feb 2018
Platina Energy Partners is committed to investing in the renewable energy sector to generate the best, risk adjusted returns for its investors whilst ensuring that it conducts its business in a responsible manner and with integrity.
Platina Energy Partners has incorporated ESG issues into its energy investment, construction and operational activities as described below. Platina is able to incorporate specific ESG issues into bespoke portfolios for clients with particular requirements.
Platina is a member of the Institutional Investors Group on Climate Change
Platina adheres to the Equator Principals, which are a credit risk management framework for determining, assessing and managing environmental and social risks in project finance transactions. The Equator Principals have become the industry standard for environmental and social risk management and financial institutions refer to the Principles as good practise.
Platina is committed to the protection of the natural environment from activities arising from the construction and operation of its projects. Every effort is made to ensure that protective and preventative measures are in place, tailored to the requirements of each individual project activity, to maintain the site habitat and protect the surrounding environment.
When evaluating environmental issues, Platina takes into particular account the EC Habitats Directive and Birds Directive. These Directives form the basis of Europe’s nature conservation policy. The policy is built around two pillars: the Natura 2000 network of protected sites and the strict protection of nominated species. The directive protects over 1,000 animals and plant species and over 200 habitat types, including special types of forests, meadows and wetlands which are of European importance.
The Birds Directive is one of the most important, creating a comprehensive scheme for protected birds naturally occurring in the European Union. The directive recognises that habitat loss and degradation are the most serious threats to the conservation of wild birds and thus places great emphasis on the protection of habitats and migration paths.
Platina undertakes extensive due diligence to ensure that all its projects are in line with all European Habitat Directives and Bird Directives.
Platina takes full account of social interference issues and ensures that assessments are undertaken and submitted to the local authorities, highlighting any potential issues and presenting, at the same time, mitigation measures.
Platina recognises the importance of avoiding conflicts of interest and adheres to strict codes of confidentiality as well as being fully transparent in terms of its corporate governance policy.
Investment decisions for each of Platina’s funds are taken by the funds’ respective investment committee. An investor advisory board is also in place to advise on potential conflicts of interest.
Platina ensures that during the construction and operation phase of projects, responsible contractor policies are adhered to. Contractors can include construction contractors, electrical contractors, workers from manufacturers installing equipment and operations and management contractors. During the construction of its projects Platina engages regular Environmental and Health and Safety Audits to ensure full compliance and best practice.
Platina conducts its dealings with local authorities in a transparent manner, adhering to the rule of law and procedures of each jurisdiction.