Providence Infrastructure Fund

Product Name

Providence Infrastructure Fund

Issuer

Providence Asset Group

Category

Investment

Type

Fund or Trust

Target

Wholesale

Certified Since

2020

Asset Classes

Diversified / Multi-asset

Markets

Australia

Investment Approaches

Impact investing, Positive Screening

It Includes:

  • Riaa icons 32 Green property
  • Riaa icons 10 Renewable energy and energy efficiency
  • Riaa icons 15 Social and sustainable infrastructure

It has some level of screening for:

    It fully excludes:

    • Riaa icons 56 Animal cruelty
    • Riaa icons 36 Armaments
    • Riaa icons 33 Fossil fuels
    • Riaa icons 42 Gambling
    • Riaa icons 52 Human rights abuses
    • Riaa icons 38 Labour rights violations
    • Riaa icons 35 Tobacco

    Overview

    The Providence Infrastructure Fund provides investors with exposure to a diversified portfolio of infrastructure assets used in the generation, storage and delivery of renewable energy in Australia. We are an innovation led investment firm, financing and managing multiple assets in renewable energy, clean technology and eco-friendly real estate. Our collaboration with leading international research institutions, industry partners and government drives optimisation across the entire value chain of “green energy” design, constructions, project and asset management to deliver sustainable social, environmental and economic returns. Our core investment opportunity is through the Providence Infrastructure Fund.


    Description


    About Providence Asset Group

    Providence Asset Management Pty Ltd (Providence Asset Group, PAG) is an organisation that is focused on creating impact investments through commercialising technology for generating and storing electricity. The Providence Infrastructure Fund (PIF, Fund) makes direct investment in energy generation and storage infrastructure entities.

    Investment approach

    With a focus on clean technology, PAG is committed to investing in and developing cost-effective renewable technologies. The Fund seeks to provide investors with exposure to a diversified portfolio of infrastructure assets in Australia. PIF’s core investments are within the construction and management of renewable power generation assets including infrastructure assets, energy storage, supply mix agreements and artificial intelligence optimisation.

    The Fund’s investments will align with PAG’s long-term vision and strategy by satisfying three achievable fundamental benefits: 

    1. Economic – Providing its investors with sustainable dividend yields and capital returns that are comparable to non-renewable Australian infrastructure funds;

    2. Environmental – Helping Australia and the rest of the world reduce its reliance on fossil fuels and achieve a reduction in CO2 emissions to assist in combating climate change; and

    3. Social – Increasing investment and development in regional Australian communities to foster economic, environmental and social wellbeing.

    PIF may invest in developed infrastructure assets and/or greenfield sites and/or assets to be located on greenfield sites upon which infrastructure assets are proposed to be constructed.


    Clean and sustainable investing

    Energy underpins every aspect of modern life and has a direct link to the standard of living for all communities globally. As a result, PAG is acutely aware of the scale of impact that its investments can potentially have to the world and its people. 

    PAG is committed to making investments that are both ethical and have a positive social and environmental impact. As mentioned in the Fund’s Investment Approach above, the potential investee company must satisfy three fundamental benefits to society. 

    In order to filter and ensure PAG upholds its mission in ethical and sustainable investing, PAG’s strategies include:

    •           Negative screening – exclusion of companies that do not comply with specific social and environmental criteria;

    •           Positive screening – selection of companies that promote specific social and environmental criteria;

    •           Impact investing – investing into entities created with the intention to generate positive, measurable social and environmental impact; and

    •           Active ownership and influence – engaging with investee companies, business partners, industry partners and/or governments on various environmental, social or governance issues and exercising voting rights.

    The Fund and their investee companies are expected to conduct their business in a manner that recognises their inherent responsibility to employees and other stakeholders, as well as their obligations to their environment and society.

    How PAG meets investment mandates with positive SRI/ESG screens

    As PIF is focused on sustainable and renewable energy, PAG will actively invest in companies that are involved in any of the following activities:

    ·        Renewable and efficient energy;

    ·        Resource conservation; and

    ·        Green technology.

    PAG will avoid investments that harm people, animals, society and the environment. Specifically, the Fund will exclude investment in companies engaged in any of the following activities:

    ·       Fossil fuels;

    ·       Gambling;

    ·       Tobacco;

    ·       Armaments and militarism;

    ·       Nuclear and uranium-based energy;

    ·       Live animal export;

    ·       Old growth logging;

    ·       Animal cruelty;

    ·       Slave labour or other human rights abuse;

    ·       Corruption or bribery;

    ·       Intensive agriculture;

    ·       Environmental destruction;

    ·       Polluting and carbon intensive activities;

    ·       Social harm including detention centres; and

    ·       Harmful financing

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