This statement is made on behalf of Pensions Infrastructure Platform Limited and PiP Manager Limited (together “PiP”) pursuant to section 54 of the Modern Slavery Act 2015 and constitutes PiP’s Modern Slavery and Human Trafficking Statement for the financial year ending 31 December 2019.
PiP was founded by pension schemes, for pension schemes, to invest in a diverse range of long-term infrastructure projects in the UK.
Modern slavery is a crime and a violation of fundamental human rights. PiP adopts a zero-tolerance approach to modern slavery or human trafficking when operating our business, including the acquisition of investments by our funds and/or subsidiary companies.
Policies on Slavery and Human Trafficking
PiP takes its commitment to Environmental, Societal and Governance (“ESG”) issues very seriously, and we consider our existing ESG Policy to include modern slavery and human trafficking. ESG matters are monitored with formal reporting on a quarterly basis. PiP will not tolerate any matters which contravene our policy or our overall approach.
As a long-standing signatory to the UN Principles for Responsible Investment, PiP is committed to incorporating relevant ESG issues – including those relating to modern slavery – into our investment analysis, decision-making and ownership practices.
Whilst we believe that PiP faces a low risk of modern slavery or human trafficking in any part of our business, we remain alert to the fact that modern slavery is an issue that requires constant vigilance. Where any potential issues relating to modern slavery or human trafficking might be identified they will be reported and escalated to the Board of Directors to determine the appropriate course of action.