Climate Change Data

Obligo Investment Management AS

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:14 099 054 tons of CO2e (OGI2); 10 922 tons of CO2e (ONCIF)
Total Energy Consumption:17 143 kWh (Obligo Office)
Waste Generated:260 kg (Obligo Office)

ESG Focus Areas

  • Climate Change
  • Renewable Energy
  • Energy Storage & Distribution
  • Electrification of Transport
  • Carbon Capture Utilization and Storage
  • Social Responsibility
  • Governance

Environmental Achievements

  • Total waste decreased by 920 kg
  • Sorting rate of waste decreased by 34.6%
  • Energy use decreased by 0.3% per m2
  • Kilometers driven decreased by 50%
  • Flights in the Nordics decreased by 62.5%
  • Emissions from flights decreased by 6.7 tons CO2e
  • Obligo became Eco-Lighthouse certified

Social Achievements

  • Obligo joined the UN Global Compact and committed to the Ten Principles
  • Obligo became the first Norwegian AIFM signatory of the UN PRI in 2016
  • Updated Obligo’s responsible investment and ESG policy

Governance Achievements

  • Updated Obligo’s responsible investment and ESG policy to incorporate recent developments in our ESG processes
  • High rank on the Principles for Responsible Investment (PRI) evaluation

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Targeting a capacity of 645 MW and an annual power production of 309 GWh in Norway and 150 MW installed capacity in the Netherlands with an annual power production of 156 GWh (Energeia)
  • Targeting an installed capacity of 2000 MWp by the end of 2030 (Solgrid)
Short-term Goals:
  • Build about ten large charging stations for fast charging by 2025

Environmental Challenges

  • Data gaps in GHG emission figures for two portfolio companies
  • Challenges in calculating energy consumption data for portfolio companies in shared offices
  • Long lead times for project approval and construction delays impacting the speed of electrification of company fleets
Mitigation Strategies
  • Working to improve the quality of data by carrying out workshops with the management team and implementing processes
  • Working to implement climate reporting for all portfolio companies
  • Quickly rectified the use of non-electric trucks at the construction of the first charging station of FastCharge’s network

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Policy & legal, technology, reputation, and market risk
Opportunities
  • Investments aligned with the transition to a net-zero economy

Reporting Standards

Frameworks Used: UN PRI, EU Taxonomy, SFDR Article 9, TCFD, IRIS+ Core Metrics Set, OECD Guidelines for Multinational Enterprises, UN Guiding Principles on Business and Human Rights

Certifications: Eco Lighthouse

UN Sustainable Development Goals

  • 7
  • 8
  • 9
  • 11
  • 13

Investments are aligned with the UN SDGs most aligned with our investment themes, knowledge, and focus areas.