Sustainability
Responsible investing has been an integral part of our investment strategy and way of working since the beginning.
Originally established as PKA-AIP in 2012 we have a long-standing commitment to reduce the environmental impact of our investments. This makes our approach to responsible investing and to ESG thorough, consistent, and active.
Sustainability is a key part of the investment process where initial screening and 3rd party due diligence ensure, that we engage only in investments aligned with our responsible investment policy. We continue the focus on sustainability, being pioneers in sustainability data collection with a solid reporting foundation, enabling high transparency towards our investors.
ESG is an integrated part of how we invest and manage assets
Screening
To assess decarbonisation fundamentals
ESG
analysis
To identify
initial risks and mitigation
ESG due
diligence
To identify all ESG risks and mitigation actions
Negotiations
Including ESG issues and requirements
Asset
management
Follow up on ESG risks and opportunities
our approach
In pursuit of our targets, we have conducted a double materiality assessment
We deliver significant impact and contribution to the sustainable transformation
25,424 GWh
renewable energy
GENERATED per year
10 million
Tons Of c02 emissions avoided per year
5.9 million
households powered
by green electricity
In relation to social sustainability, we focus on health & safety, human rights and diversity, equality & inclusion. Lastly, we remain highly dedicated to ethical business conduct.
Since we were established as an independent investment manager in 2018, we have reaffirmed our commitments on several international sustainability standards and principles. Today, we are a signatory of the United Nations Principles of Responsible Investment and UN Global Compact, a supporter of the Task Force on Climate-Related Financial Disclosures, and a member of the Institutional Investors Group on Climate Change, through whom we have also made a Net Zero commitment.
Commitments and standards:
We also support the UN Sustainable Development Goals, focusing on the following 6 goals:
Sustainability related disclosures
SFDR article 3 of Regulation (EU) 2019/2088
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Our ESG Policy and Responsible Investment Policy integrate sustainability risks into our investment process and operations, including our sustainability due diligence framework. Through our sustainability due diligence framework, we identify and prioritise principal adverse impacts on sustainability factors, as well as assess sustainability risks on financial returns.
SFDR article 4 of Regulation (EU) 2019/2088
In accordance with article 4, financial market participants – including alternative investment fund managers with less than 500 employees – can choose whether to consider principal adverse impact of its investment decisions on sustainability factors.
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Although not being legally required to do so, we have decided to consider principal adverse impact of investment decisions on sustainability factors across all managed funds. Please refer to our Principal adverse impact statement for a description on how we consider this matter.
SFDR article 5 of Regulation (EU) 2019/2088
Financial market participants – including alternative investment fund managers – must include information on how those policies are consistent with the integration of sustainability risks in their remuneration policies, as well as make that information public on their websites.
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We have both a remuneration policy and a diversity policy. The policies have been designed to align the personal objectives of our employees, considering our risk profile, values and long-term interests and funds managed by us, and to ensure that all relevant factors are considered when we hire, evaluate, and promote our employees.
As part of the semi-annual performance review, we have a specific focus on compliance with ESG policies and procedures and with our values and principles. This way, we emphasise the importance of these matters and support good corporate governance as well as sustained and long-term value creation for our investors.
To further strengthen the setup and overall alignment of interests, we also have an external remuneration policy. It outlines the principles on how to handle investments with respect to aligning remuneration of the executives of the investment target company or portfolio companies with performance, the long-term strategy, and the sustainable business goals of the investments.
We continue our work to ensure that the remuneration policies support our efforts to integrate sustainability risks in all relevant processes.
SFDR Article 10 of Regulation (EU) 2019/2088
Article 10 sets out a transparency requirement for the promotion of environmental or social characteristics on websites.
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Our Infrastructure II promotes environmental and social characteristics and thereby classifies as an Article 8 product under the SFDR. The disclosures under Article 10 can be found here with information on how those characteristics are met, as well as the information on methodologies used to assess, measure, and monitor the environmental or social characteristics.