Partners Group Holding AG

Partners Group drives ESG progress through a clear and dedicated governance structure [...] The Board of Directors is responsible for the Sustainability Strategy. • It oversees ESG and sustainability topics at portfolio and corporate level, and sets ESG targets. [...] • The Executive Team is responsible for implementing and driving the Sustainability Strategy. • It defines and controls sustainability-related roles and goals. • It mandates the Investment and Group Finance & Corporate Development teams to execute the Sustainability Strategy at portfolio and corporate level. [...] • The Investment Team works with boards of portfolio companies to develop their ESG strategies, and assists with strategy implementation and reporting needs. • The ESG & Sustainability Team develops operational governance and control frameworks, advises investment teams and portfolio companies on ESG initiatives, and drives progress. • The Group Finance & Corporate Development Team executes the Sustainability Strategy targets at corporate level, and drives sustainability initiatives throughout the firm. [...] At Partners Group, oversight of ESG & Sustainability lies with the most senior levels of our organization. The Board of Directors is responsible for the overall strategy and direction, at portfolio and corporate level. It also sets ESG targets. Implementation is then delegated to the Executive Team, led by the Co-Head Investments for portfolio-level and the CFO for corporate-level activities. The Executive Team mandates the Investment and Group Finance & Corporate Development teams to execute the Sustainability Strategy at portfolio and firm level, with oversight from the Chairman of Sustainability, who acts as a bridge between the Executive Team and the operational teams. To maintain high levels of risk management, value creation, and reporting standards across the platform, Partners Group's Sustainability governance and control framework integrates ESG into the investment process and our Enterprise Risk Management framework, and assures independent monitoring of risks.

The Board of Directors, together with the Executive Team, is responsible for Partners Group's Sustainability Strategy, including the Climate Change Strategy, for the firm and across its investment portfolio, with a focus on controlled investments. The Board approves the strategies and oversees their implementation, guides risk management policies and strategies, and reviews and approves the annual Corporate Sustainability Report and TCFD Report, which outline an overview of our progress on climate-related matters. The Board has mandated our Executive Chairman to oversee investment- and corporate-related ESG topics at Board level, including climate-related topics. [...] The Chairman of Sustainability advises and challenges on the execution of the Sustainability Strategy, collaborating both with the Executive and Operational teams. At portfolio level, the investment teams are responsible for the identification of climate-related risks/opportunities during the investment due diligence phase, and for the ongoing climate risk management during the ownership period of our controlled portfolio companies. Where climate risks are identified, the investment team works with the Board members and executives of controlled companies to mitigate these risks. The Investment teams are guided and supported by the ESG & Sustainability team.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Climate change is being acted on by the most significant governing bodies of our firm. To ensure proper oversight and implementation of our Climate Change Strategy, we have established clear governance structures and capacity building plans. The Board is responsible for the Sustainability Strategy of Partners Group as an organization and across its investment portfolio. Within the Executive Team, the CEO has assumed the responsibility of our ESG initiatives. ESG objectives are linked to a part of the compensation of the Executive Team. At investment portfolio level, the investment teams are responsible for the identification of climate-related risks and opportunities and the day-to-day management of climate risks during the investment due diligence phase, and for the ongoing climate risk management during the ownership period of our controlled portfolio companies. Where climate risks are identified, the investment teams works with the board members and executives of controlled companies to mitigate them. ESG responsibles are appointed at board, executive and operational level for companies where we hold a controlling stake to ensure proper implementation of ESG initiatives, including climate change related projects. As transformational investors, we aim to identify potential opportunities to actively and effectively reduce carbon emissions for our direct lead investments. For the development of such reduction strategies, we will prioritize direct private equity, infrastructure and real estate assets, for the mid-term.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes