CNS-Responsible-Investing 2024 - Flipbook - Page 18
RESPONSIBLE INVESTING
Listed Infrastructure
Strategy Overview
Cohen & Steers is one of the largest and most
experienced investors in listed infrastructure, with a
dedicated team managing infrastructure strategies
since 2004. Our approach combines top-down macro
insights with bottom-up company research to identify
businesses that own and operate essential public assets
such as utilities, transportation networks, and digital
infrastructure.
With a strong 20-year track record, we have delivered
consistent total returns while helping investors
manage volatility and in昀氀ation risk. Our investment
process targets long-term structural themes including
infrastructure modernization, decarbonization, and
digital transformation. Listed infrastructure also o昀昀ers
a valuable complement to private markets by providing
liquid access to assets and sectors that are often less
accessible to private investors. We aim to harness the full
potential of infrastructure investing to deliver attractive
returns and long-term portfolio resilience.
Our ESG Integration Approach
Across our Listed Infrastructure platform, we assess
and integrate material ESG factors using a consistent,
research-driven process tailored to the unique
characteristics of each subsector. Analysts identify key
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COHEN & STEERS | RESPONSIBLE INVESTING
ESG issues based on industry knowledge, company
disclosures, and third-party data sources, determining the
relevance and contribution of each issue to a company’s
overall ESG pro昀椀le.
We assign ESG scores to each company in our investable
universe, applying an internal scoring scale that
re昀氀ects both absolute assessments, as well as peerrelative analysis; and incorporates both proprietary
fundamental research and external inputs such as MSCI
and Bloomberg datasets. Scores are reviewed regularly
and adjusted as needed to re昀氀ect additional disclosure
highlighting evolving risks and opportunities.
Information and datasets driving these scores are used
to inform our investment analysis across strategies.
The underlying ESG inputs support adjustments to key
昀椀nancial drivers such as cash 昀氀ow, liabilities, or revenue
assumptions, allowing for a nuanced understanding of
long-term risks and opportunities.
Through engagement, we discuss responsible investment
policies that support long-term shareholder value. We
maintain regular dialogue with company management
teams, track progress on responsible investing initiatives,
participate in shareholder resolutions and proxy voting.
We also collaborate with industry organizations to
support best practices across the infrastructure sector.
