Energy Infrastructure Partners AG
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:11.9 million tonnes of CO2 equivalent (approx. 94% of assets)
Renewable Energy Share:72%
Carbon Intensity:97 tonnes of CO2 equivalent per euro million revenue
ESG Focus Areas
- Climate Change
- Biodiversity
- Community Impact
- Supply Chain Sustainability
- Labor Standards
- Governance
- Indigenous Rights
Environmental Achievements
- 4.3 million tonnes of avoided carbon dioxide emissions, a 44% increase from 2022
- 1 GW additional renewable generation capacity installed, an 8% increase from 2022
- 14% increase in electricity produced compared with 2022, almost exclusively from renewable sources
- 25 TWh total renewable energy generation
- 72% renewable energy share across assets managed by EIP
Social Achievements
- Launched a pilot biodiversity project at an onshore wind farm in Sweden
- Reached amicable agreements with two affected Sami groups in Norway regarding wind farm operations
- Supported a portfolio company to enhance its ESG management systems
- Over 12,700 FTEs jobs created/sustained
Governance Achievements
- Provided limited assurance to investors on the SFDR disclosures
- Enhanced in-house ESG due diligence and monitoring processes
- Developed the entire team’s sustainability capabilities
- Implemented a new dedicated whistleblowing policy and anonymized whistleblowing tool
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050 (mentioned as a goal for a client's portfolio)
Medium-term Goals:
- Explore further integration of climate risks at the portfolio level
- Enhance ESG disclosures considering additional reporting frameworks
Short-term Goals:
- Adapt ESG management system to upcoming regulations
- Collaborate further with portfolio companies on ESG matters
- Increase ESG trainings for investors
Environmental Challenges
- Sticky inflation
- Supply chain disruptions
- Prevailing economic uncertainty
- ESG disillusionment
- Data quality and availability for ESG reporting
- Balancing renewable energy development with environmental protection
- Managing risks linked to supply chains (human rights violations, labor conditions)
- Managing climate-related physical and transition risks
Mitigation Strategies
- Enhanced in-house ESG due diligence and monitoring processes
- Developed the entire team’s sustainability capabilities
- Improved ESG data collection systems
- Collaborated with portfolio companies and industrial partners on ESG action plans
- Implemented robust water management measures in CSP plants
- Engaged in mediation to resolve conflicts with Sami communities in Norway
- Developed alternative sourcing strategies (implied)
Supply Chain Management
Supplier Audits: 90% of portfolio companies are covered by a Supplier Code of Conduct
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Drought affecting hydropower
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Investment in renewable energy infrastructure
Reporting Standards
Frameworks Used: GRI Standards, ASIP’s ESG Reporting Standard, UN PRI, SFDR
Third-party Assurance: Limited assurance on SFDR disclosures (voluntary)
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 9 (Industry, innovation and infrastructure)
- Goal 13 (Climate action)
Investments in renewable energy generation, transmission networks, and storage infrastructure