Our commitment to sustainability

For us, sustainability is all about ensuring long-term viability and value creation. This applies to our investments and our company as a whole – all to create long-lasting economic, environmental and social benefits. We firmly believe that embedding environmental, social and corporate governance (ESG) standards across our business operations and investment activities creates sustainable value for all of our stakeholders – from clients and their beneficiaries to employees, business partners and the communities in which we operate. Our investment focus on CO2 emissions savings is matched by our corporate efforts to achieve climate neutrality at the operational level.

Sustainability Report 2022

Sustainable Investing

Sustainable Investing Policy

We are convinced that the incorporation of sustainability principles into our investment activities leads to a more balanced risk-return profile for our investors, ultimately securing their beneficiaries’ prosperity for the long term. Our investment strategies and mandates ensure that CO2 emissions are reduced, that no other social or environmental objectives are unnecessarily harmed, and that all companies in which investments are made follow good governance practices.

Our frameworks entail a rigorous screening and due diligence process applicable to all our funds to ensure a consistent and transparent approach to ESG integration. Furthermore, active ownership and regular reporting are maintained to continuously improve and report on the acquired assets’ environmental, social, and financial performance.

We view ESG analysis as a fundamental part of investment risk management and potential value creation. Accordingly, sustainability assessments are systematically embedded across our investment and asset management processes.

Our approach focuses on the following pillars:

Focus on CO2 savings

Our company was founded in 2009 with the mission to fight climate change by furthering the transition of the energy sector – the main driver of CO2 emissions and, consequently, global warming. Our longstanding commitment to this cause is based on the firm understanding that limiting the rise in global temperature to a minimum requires a significant reduction in CO2 emissions towards net-zero over the coming years.

As an investment manager dedicated to investing in sustainable energy infrastructure, we direct institutional capital towards projects that produce clean energy, increase energy efficiency and enable clean energy use. We track the emissions avoided at asset and fund level and work together with an external expert to quantify CO2 savings in accordance with the World Resources Institute’s Greenhouse Gas Protocol, as well as the recommendations by the Partnership for Carbon Accounting Financials.

Our investment focus on emissions savings is matched by our corporate efforts towards climate neutrality at the operational level. While we continuously look for ways to reduce our corporate footprint, we contribute to projects aimed at reducing greenhouse gas emissions to offset operational emissions we are unable to avoid.

3.4m tonnes of CO2 avoided
as of year-end 2022
22.2m tonnes of CO2 avoided
over technology lifetime (est.)

Supporting the SDGs

Due to our mission and investment focus, we specifically support the United Nations Sustainable Development Goals (SDGs) on affordable and clean energy; industry, innovation and infrastructure; and climate action.

At the same time, we work towards achieving the broader SDG ambitions through our business activities and operations. Based on an analysis of the 169 underlying targets, we are identifying those areas where we believe we can make a positive impact by 2030 and will map our progress against those as part of regular internal reviews and reportings.