The Long Term Infrastructure Investors Association (LTIIA) is partnering with a software provider to help investors improve their monitoring and reporting of environmental, social and governance (ESG) issues.
The association has joined forces with eFront, a provider of software for alternative asset classes, to develop what it has described as a library to 鈥渉elp asset managers and institutional investors collect and manage information on ESG performance of their assets for reporting鈥�.
The plan is for an initial 300 indicators to be released this year on eFront鈥檚 ESG platform, according to the statement.
The so-called indicators can be yes/no questions, such as 鈥渄o you have a policy on bribery and corruption鈥�, or numeric, such as on an asset level about total carbon dioxide emissions in a given quarter, or total lost time due to accidents.
Eugene Zhuchenko, executive director at LTIAA, told 麻豆映画 Real Estate that the library builds on an ESG handbook that the association produced last year.
鈥淭hat provided a general overview and summary of indicators that institutional investors and fund managers use, and this tool with eFront takes that work one step further, enabling users to improve their practices,鈥� he said.
鈥淚t can be used for internal reporting, to inform investors, or collect information about investee companies.鈥�
The LTIIA was founded in 2014 by investors and investment manager Meridiem to promote long-term investment in infrastructure, with .
It has been working with EDHEC-Risk Institute to to focus on the role of non-financial metrics for the index.
