CapMan Infra achieves two five-star GRESB ratings, improves asset-level scores across the board
CapMan Infra’s first fund achieved top scores and the highest possible rating of five stars in GRESB’s annual ESG assessment, placing it in the top quartile among GRESB benchmarks. Infra’s second fund participated in the assessment separately for operational and pre-operational assets, receiving a five-star rating in the pre-operational assets ranking and a three-star rating in the operational assets ranking.
GRESB assesses and compares the ESG performance of real assets globally and has become the go-to benchmark for asset managers and investors when it comes to ESG performance of different funds and portfolio companies.
The CapMan Nordic Infrastructure I (CMNI I) fund participated in the GRESB assessment for the fourth year in a row. This year’s review awarded the fund with a score of 94 out of 100, an improvement of 2 points from last year, achieving a five-star rating.
The fund saw an overall improvement in asset scores as compared to the previous year, all assets scoring above 90 points. The biggest improver, and highest scoring asset of the fund was Koiviston Auto, Finland’s leading bus operator, which achieved a score of 93, an eleven-point increase as compared to last year. This improvement was largely driven by enhanced ESG risk assessments and more comprehensive environmental KPI reporting, particularly in air pollution.
CapMan Nordic Infrastructure II (CMNI II) participated in the GRESB assessment across two categories, operational and pre-operational assets. This year marks the first time GRESB has assessed pre-operational assets using its Infrastructure Development Asset Assessment1.
In the category for pre-operational assets the fund achieved a five-star rating with a score of 89 out of 100, driven by first-year participant Skarta Energy’s score of 84 points out of 100. Skarta Energy is a developer of renewable energy projects, demonstrating strong performance in implementing ESG policies and reporting practices.
In the category for operational assets, the fund achieved a three-star rating and score of 88 out of 100. This strong performance was supported by first-year participant Napier, an aquaculture support vessel company, which achieved the highest first-year asset-level GRESB score received so far at CapMan Infra with 89 points out of 100. Napier’s success was driven by its commitment to embedding ESG into its operations, including implementing robust policies and procedures and setting clear ESG objectives.
“We are thrilled to have achieved such excellent GRESB results this year including two five-star ratings. Our achievements are a testament to our commitment to systematically develop the sustainability performance of our assets and our ambition to be a leader in this field. We are proud of the results in all our assets which demonstrate the effectiveness of our approach and the strong collaboration we have built with our portfolio companies,” says Ville Poukka, Managing Partner at CapMan Infra.
The GRESB assessment reflects performance during 2023.
1. Infrastructure Development Asset Assessment: https://www.gresb.com/nl-en/infrastructure-development-asset-assessment/
For more information, please contact:
Ville Poukka, Managing Partner, CapMan Infra, tel. +358 50 572 9120
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.8 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com
About GRESB
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 170 institutional and financial investors to inform decision-making. GRESB standards are governed by the independent, not-for-profit GRESB Foundation, while ESG assessments are managed by GRESB BV, a benefit corporation. For more information, visit GRESB.com.
