As presented subsequently, these changes have facilitated the company’s growth, with investor commitments up 62% and deployed capital seeing a 63% increase since the change in management in January 2020. For investor commitments, this increase was accompanied by a steady rise in the average ticket size and an expansion into new markets both in terms of investor type and geography. A similar dynamic has unfolded for investments, with the footprint now covering five continents. However, as Jan Krüger, the recently appointed Chairman pointed out, it will not stop there. Enabling further growth over the next five years, in close cooperation with the management and focussing on aligned partnership, will be a key focus for him.
Driving forward the net-zero transition
The participants then turned their attention to a topic at the core of SUSI Partners’ purpose: sustainability and supporting the global efforts towards achieving net zero greenhouse gas emissions. Pointing to countless “net zero” and “carbon neutral” commitments made in recent years, SUSI Partners’ sustainable investing specialist Raphaela Schmid noted that these deserve critical scrutiny. With unclear language, deficient greenhouse gas measuring and accounting standards, and significant data gaps expected to persist for some time, the financial sector still has many challenges to overcome in creating comparable and consistent greenhouse gas reporting methods.
Calling for actions rather than commitments, she then sketched out SUSI’s methodology for calculating greenhouse gas emissions and emphasised the importance of the Greenhouse Gas Protocol’s Scope 3, Category 15, which relates to “Financed Emissions” for asset owners and typically represents more than 99% of total emissions in the financial sector. She concluded by highlighting the need for a concerted effort among financial institutions in improving reporting standards to ultimately accelerate the redirection of capital towards solutions that are compatible with a net-zero future.