APKA Infrastructure Investor Responsible Investment Due Diligence Questionnaire DDQ has been developed to help project promoters understand and evaluate infrastructure investment investor's approaches to integrating material environmental, social and governance (ESG) factors into their investment practices, and to understand where responsibility for doing so lies within the investment Project Management Office PMO of the borrower's organization. APKA additional aim is to encourage a globally consistent approach to due diligence and ESG disclosure by infrastructure managers. DDQ is divided into four sections, covering promoters’ project:
■ General approach towards responsible investment;
■ Responsible investment processes before investing;
■ Post-investment responsible investment processes;
■ Disclosure practices with regards to their responsible investment processes.
All investors have different philosophies, drivers and liabilities which shape their decision-making processes. Infrastructure funds, sectors and assets also vary greatly. Convergence between infrastructure investors and promoters on ESG management and disclosure is therefore best achieved through validation and verification of compliance parameters. APKA DDQ provides a baseline list of questions that investors can ask promoters in the investment due diligence or pre-commitment phase to suit their broader objectives and their strategy, size, experience and resources. APKA DDQ streamlines industry practices and curbs the proliferation of abnormally diverse approaches which could ultimately become counterproductive for both investors and the investee.