Our Commitment to Sustainability

Sustainability is more than integrating “ESG” factors – it is about embedding sustainable and responsible thinking into each business and investment decision.

Our sustainability approach has three objectives – enhancing performance, delivering impact, and driving engagement. We achieve these objectives by enhancing the risk-return profile of our investments, delivering and demonstrating objectively measurable greenhouse gas emission reductions, and by engaging with portfolio companies, clients, business partners, and other stakeholders to drive positive and impactful outcomes.

READ OUR SUSTAINABILITY REPORT

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Performance

As an investment manager, our fiduciary duty to our clients is paramount. Environmental, social, and governance-related (“ESG”) analyses are a fundamental part of investment assessment, risk management, and active value creation and hence required for delivering attractive risk-adjusted returns. Accordingly, ESG assessments are systematically integrated across our investment strategies.

Our efforts are rated annually by the UN Principles for Responsible Investment (UNPRI). We received the best possible 5-star rating in all categories and performed well above the industry average across the board.

READ OUR UN PRI TRANSPARENCY REPORT

Impact

Each of our investments measurably contributes to climate change mitigation. We report to our clients potential avoided emissions of our investments based on a detailed and externally verified methodology.

However, our investments contribute beyond reducing greenhouse gas emissions. By advancing the development of more decentralised, efficient and flexible energy systems, they also increase energy security and affordability for nations and consumers, which in turn benefits overall economic and social development.

3.6million

tonnes of CO2 avoided
as of year-end 2023

20.3million

tonnes of CO2 avoided
over technology lifetime (est.) as of year-end 2023

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Supporting the UN Sustainable Development Goals

While we support all United Nations Sustainable Development Goals (SDGs), our intentions are focused on measurably contributing to goals 7, 9, 13, and 17.

Engagement

Our clients entrust us with their capital and expect us to act in their best interest. Actively engaging with our portfolio companies and partners is essential to fulfil that duty. Without diligent oversight and engagement, ESG risks could escalate and detrimental practices persist. This could negatively impact stakeholders, erode value and returns, and diminish trust. Our task is to ensure assets are managed with a keen eye on sustainable and responsible practices and to safeguard against the adverse effects of neglecting ESG considerations.

In addition to our proactive ownership approach, we dedicate efforts towards the promotion of good ESG practices with our clients and the broader industry through knowledge sharing and advocacy.