Better Health for All

3i Infrastructure PLC's portfolio companies demonstrate significant efforts in mitigating negative health externalities. Ionisos, a portfolio company, has committed to reducing its carbon emissions by 42% by 2030 from a 2021 baseline, planning to achieve this through improved electricity sourcing, reduced natural gas consumption, and the decommissioning of two smaller Ethylene Oxide sites.

Furthermore, investments in renewable energy platforms like Future Biogas, Valorem, and Infinis aim to reduce environmental pollution. For instance, Future Biogas supplies 100 GWh of renewable energy annually to AstraZeneca UK, displacing approximately 18,000 tCO2e per year. Other portfolio companies also show strong emissions reduction, with Joulz reducing emissions by up to 24%, Action achieving a 51% reduction in Scope 1 and 2 emissions, Belfast City Airport committing to a 42% reduction by 2030, BoConcept achieving a 52% reduction in Scope 1 emissions, and ten23 delivering a 57% reduction in Scope 1 and 2 emissions intensity. These actions contribute to significant positive health externalities through reduced pollution.

Fair Money & Economic Opportunity

3i Infrastructure PLC operates as an investment trust, investing in infrastructure assets like renewable energy and transportation

. Its business model does not involve providing direct financial services such as lending, deposits, or insurance to consumers or small and medium-sized enterprises. The 'Fair Money & Economic Opportunity' value and its associated KPIs are designed to assess direct financial service providers. While the company's investments may indirectly contribute to economic growth and job creation, benefiting underserved communities , this is not the direct provision of financial services that the KPIs measure. In October 2024, it received a binding offer of €309 million for its 33% stake in Valorem, a renewable energy developer , completed in January 2025 , generating a 21% IRR and a 3.6x money multiple . Consequently, the provided articles do not contain specific, concrete data points relevant to any of the KPIs under this value, leading to their omission.

Fair Pay & Worker Respect

For the fiscal year 2025, the company's voluntary employee turnover rate was 7.6%.

This rate was 6.0% in FY2024 and 9.5% in FY2023. The company had 223 employees as of 31 March 2025.

Fair Trade & Ethical Sourcing

3i Infrastructure PLC, through its portfolio companies, demonstrates commitment to ethical sourcing. Portfolio company MPM ensures all raw materials can be traced to source within four hours.

Action, another portfolio company, achieved 99% transparency for private label final producers in 2024 and aims for full value chain transparency by 2030. Both Action and MPM require all their suppliers to adhere to ethical sourcing policies or codes of conduct, which include minimum standards for forced labour, health and safety, pay, and working rights. Action also requires all factories in high-risk countries to undergo an annual social compliance audit, conducting 2,104 such assessments in 2023.

Honest & Fair Business

The Board consists of seven directors, with six considered independent, resulting in approximately 85.7% of board members being free from material conflicts of interest.

The company has an anti-bribery policy and is fully compliant with the UK Bribery Act, with updated Business Conduct and Anti-Money Laundering manuals approved by the Board in compliance with Jersey legislation. Internal Audit and Compliance teams perform regular reviews, with results reported quarterly to the Audit and Compliance Committee. A confidential and anonymous whistleblowing service is provided through EthicsPoint, an independent, external party, with a clear no-reprisal policy. No whistleblowing incidents were reported in the year to 31 March 2025 or 31 March 2024.

Kind to Animals

3I Infrastructure PLC is an investment trust and does not directly engage in activities such as product manufacturing, animal testing, or animal agriculture. Its Responsible Investment policy, last updated in July 2025, includes an exclusion list that prohibits investment in businesses engaged in animal testing for cosmetics.

Activities involving animal testing for food products, medical research, and other controversial testing are on a referral list, requiring additional scrutiny. While portfolio companies mention safeguarding biodiversity and managing natural resources, no measurable impact or specific conservation initiatives with metrics are provided. There is no evidence of animal welfare-specific supplier audits, R&D investment in animal-free alternatives, or public policy engagement on animal welfare.

No War, No Weapons

3i Infrastructure plc's Responsible Investment policy, updated in May 2024, explicitly excludes investments in arms manufacturing, military contracts, or conflict facilitation.

However, in 2013, the company acquired an 80% stake in the National Military Museum PPP project, which involves the design, construction, financing, and maintenance of a museum facility showcasing military hardware and hosting related events, indicating an ongoing association with defense-adjacent activities. The company's policy is to comply with all applicable UK and international sanctions. In response to the humanitarian crisis in Ukraine, 3i Group, the parent company, donated £1 million to UNICEF and Médecins Sans Frontières in 2022. 3i’s charitable giving for the year to 31 March 2025 totalled £1.2 million. While 73% of portfolio companies had a Human Rights policy in 2024, the company's next steps include working with portfolio companies to align with UNGP best practice in internal processes, suggesting current gaps in full alignment. The Investment Manager's RI policy includes an exclusion list for businesses and activities and a referral list for sensitive areas. Despite claims of no direct exposure to controversial weapons, the investment in a military museum suggests indirect ties. The Audit and Compliance Committee carries out an annual review of risk and internal control effectiveness. The company annually considers the whistleblowing policies of its service providers and underlying investment companies regarding improprieties, but no results are published for conflict-linked partners.

Planet-Friendly Business

3i Group's near-term science-based targets were validated by the SBTi in March 2024, including a Scope 3 target for 31% of its eligible portfolio by invested capital to set SBTi-validated targets by FY28.

The Investment Manager publishes TCFD reports in line with FCA requirements, indicating full adoption. Climate change scenario analysis was conducted in FY2024. , using multiple pathways including Orderly transition, Disorderly transition, Hot-house world, and a >4°C physical risk scenario. The company has identified the potential for stranded assets under orderly and disorderly transition scenarios. For 3i Group's own operations, approximately 85% of electricity consumption was sourced from renewables in FY2025.

Safe & Smart Tech

3i Infrastructure PLC has reported no known information security breaches over the past five years (up to October 2023)

and no cyber security incidents for the year ended March 31, 2024, despite being a high-value target. This is supported by a leading-edge security program that includes a robust fraud risk assessment, anti-fraud program, regular staff training, IT security tools, phishing and penetration testing, and a monthly Cyber Security Review Board. The company also reported no complaints from third parties or regulatory bodies concerning the use and disclosure of personal data for the fiscal year ending March 31, 2023, and independent reports identified no weaknesses in controls for its Registrar or areas of concern for Aztec in FY24. The company demonstrates strong regulatory compliance, being regulated by the Jersey Financial Services Commission, adhering to the AIC Code of Corporate Governance, and proactively providing tailored training to portfolio companies for CSRD alignment. Employee training includes mandatory cyber resilience e-learning and phishing simulations, and there is a continued program of phishing and penetration testing. The company encourages its portfolio companies to comply with applicable laws related to digital rights protection.

Zero Waste & Sustainable Products

Action, a portfolio company, has 100% recyclable private label packaging.

Weener Plastics developed a refill system for concentrated cleaning products that uses 75% less plastic, significantly improving material efficiency and reducing the packaging-to-product ratio. Evernex extends IT equipment life by up to 15 years. Multiple portfolio companies integrate circular design principles: Action develops circularity plans for every product category, Evernex offers a circular IT solution, and Weener Plastics uses a 'Design for Sustainability' strategy across all teams. Waste reduction initiatives include Evernex recycling over 500 tonnes of IT waste annually, and Attero and Herambiente recovering recyclable materials from waste. Action has a target to reduce the weight of primary packaging for its fixed assortment by 25% by 2025 from a 2019 baseline. MPM has formally integrated sustainability expectations, including environmental considerations, into its requirements for all suppliers.