Asper Investment Management
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:15 tCO2e (Scope 1 and 2)
Scope 1 Emissions:0
Scope 2 Emissions:0
Scope 3 Emissions:1418
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Responsible Investment
Environmental Achievements
- Invested €268m in newly built sustainable real assets, reaching a total of €1.7bn.
- Launched 263MW of new projects in construction, expected to avoid 7,880 kt of CO2 emissions over their lifetime.
- 94% of heat and steam deliveries from sustainable sources.
- 100% share of certified biomass consumed.
- 660,633 tons of CO2 emissions avoided in 2021.
- Asper's own operations CO2 emissions fell by 12%.
Social Achievements
- Developed and executed Good Neighbor plans at all operational projects.
- Provided €418,902 funds for community projects and organized 26 community events.
- Increased gender diversity in the investment team to 23%.
- 8 wellbeing trainings/initiatives implemented.
- Upgraded employee wellbeing benefits.
Governance Achievements
- Established a new vehicle, Iona, for greenfield onshore wind investments in the UK.
- Improved scores on PRI and GRESB benchmarks.
- Joined TCFD and PCAF initiative.
- Developed Principal Adverse Impacts Statement.
- Upgraded data requests to collect data on principle adverse indicators.
- Developed a tool to assess Taxonomy alignment of each new investment.
Climate Goals & Targets
Long-term Goals:
- Net-Zero emissions by 2030 or sooner.
Medium-term Goals:
- Continuing reporting in line with SFDR requirements and EU and UK Taxonomy Regulation.
- Developing thought leadership and methodology to address the urgency of measuring and reporting ESG additionality of greenfield project construction.
- Developing hybrid working model, supporting work-life balance.
Short-term Goals:
- Kickstarting a biodiversity assessment at one of our platforms.
- Further implement the TCFD recommendations.
- Focus on increasing awareness of Diversity and Inclusion and stakeholder management topics.
Environmental Challenges
- COVID-19 pandemic restrictions impacting community events and travel.
- Measuring and reporting ESG additionality of greenfield project construction.
Mitigation Strategies
- Leveraging technology and designing new management processes to maintain team connection.
- Developing a methodology to address the urgency of measuring and reporting ESG additionality.
Supply Chain Management
Supplier Audits: 100% key suppliers screened on ESG
Responsible Procurement
- ESG screening of suppliers.
Climate-Related Risks & Opportunities
Opportunities
- Investment in renewable energy.
Reporting Standards
Frameworks Used: IIRC, TCFD, PCAF, GRI, SFDR, EU Taxonomy
UN Sustainable Development Goals
- SDG 7
- SDG 9
- SDG 5
Investments in renewable energy, sustainable infrastructure, and promotion of diversity and inclusion.
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1456 tCO2e (Scope 1,2,3)
Scope 1 Emissions:0 tCO2e
Scope 2 Emissions:0 tCO2e
Scope 3 Emissions:1393.7 tCO2e
ESG Focus Areas
- Climate Change
- Biodiversity
- Health & Safety
- Community Engagement
- Diversity & Inclusion
- Ethical Business Practices
- Additionality in Renewable Energy
Environmental Achievements
- Avoided 23,075 kt CO2 emissions through newly built or upgraded assets
- 100% of projects have Good Neighbor plans
- Improved NOx emissions in heating units by efficiency measures
- 94% heat and steam deliveries from sustainable sources
- Launched a biodiversity project (Nature+Energy) in Ireland to maximize positive impact of wind farms
Social Achievements
- Provided €467,472 for community projects
- Organized 79 community events
- 100% of platforms held at least 2 community events
- Improved gender diversity in the investment team to 34%
- 100% of suppliers certified or screened
- Achieved an 81-point employee Net Promoter Score (NPS)
Governance Achievements
- Raised £220m (c. €250m) for Duke, a new vehicle for greenfield sustainable district heating network investments in the UK
- Launched 229MW of new projects expected to avoid 7,996,000 tons of CO2 emissions over their lifetime
- Improved PRI and GRESB benchmark scores
- Joined TCFD and PCAF initiatives
- Won two ESG awards at the Private Equity Wire’s European ESG AAA Awards
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2040 or sooner
Medium-term Goals:
- Stay compliant with SFDR and EU Taxonomy requirements
- Increase recognition of ESG additionality of greenfield projects
Short-term Goals:
- Continue biodiversity assessment in Ireland
- Implement decarbonization plans and TCFD recommendations
Environmental Challenges
- Supply chain disruptions (implied due to pandemic constraints)
- Challenges in accurately reflecting additionality in current carbon reporting standards
- Slight increase in CO2 emissions due to resumed business travel after pandemic
Mitigation Strategies
- Prioritized community engagement after pandemic constraints
- Developed a thorough methodology to better measure GHG impact and additionality of greenfield development
- Implemented a Travel & Expense Policy to stimulate more sustainable travel options
Supply Chain Management
Supplier Audits: 100% of suppliers certified or screened
Responsible Procurement
- Stringent onboarding criteria focused on labor practices and value chain emissions
Climate-Related Risks & Opportunities
Opportunities
- Investment in greenfield sustainable infrastructure
Reporting Standards
Frameworks Used: IIRC, TCFD, SFDR, EU Taxonomy, PCAF
Certifications: ISO 45001 (Vasa Vind)
Awards & Recognition
- Best Infrastructure Fund
- ESG fund of the Year (Private Equity Wire’s European ESG AAA Awards)