Our sustainability strategy and targets for 2022

Our sustainability strategy centres around our role as an active owner. We make an impact through our ability to influence decision-making and activities across the CapMan Group and portfolio companies and assets. We steer our investments towards clear sustainability targets. We strive to find opportunities that mitigate societal and environmental challenges.

Three tracks define our environmental, social and governance approach and focus. We focus on the topics with the most material impact in terms of development and ability to influence. We also monitor other areas that are of relevance for some of our portfolio companies and real estate through established processes and ESG KPIs.

Environment

We drive climate action based in science & promote life cycle stewardship

We want to help our companies, assets and ultimately our stakeholders transition towards a carbon-neutral society through positioning our portfolio companies and assets on a path towards net-zero GHG emissions. To achieve this, we have committed to the Science Based Targets initiative (SBTi). We commit to and set SBTs as a private assets firm and thereby place our investments on a scientifically verified path towards net-zero greenhouse gas emissions. SBTs are short and long-term GHG emissions reduction targets that are informed by independent climate science, ensuring that a company’s emissions are in line with the Paris Agreement 1.5 degree C scenario. The plan is validated by the SBTi and provides a step-by-step process for how to reach the targets.

Longer term, we are looking into how to systematically include life cycle analysis throughout CapMan and our portfolio companies and properties and to adopt a circular economy approach. This will promote the use of resources in our activities effectively and for as long as possible, ultimately saving both scarce resources as well as operational inputs.

Environmental targets for 2022

CapMan targets

  • Commit to 1.5 degree C aligned Science Based Targets, followed by a net-zero commitment

CapMan investments targets

  • Commit to 1.5 degree aligned C Science Based Targets, followed by a net-zero commitment

Social

We create strong and equitable businesses & provide meaningful work

We want to be part of building companies to be proud of, that employees are proud to work for and that customers want to frequent and promote. We also want our  real estate to attract high-quality tenants. We believe that this creates value in the companies and makes the assets more valuable for future owners as well. To this end, we monitor employee satisfaction.

Social targets for 2022

CapMan targets

  • Employee satisfaction eNPS survey above 40
  • Create policy & process for diversity and inclusion

CapMan investments targets

  • Employee satisfaction surveyed above 3.5 out of 5 (for PE and Infra)

Governance

We are diverse, transparent & accountable for our actions

Creating a diverse and inclusive business broadens our competence. It ensures that we, in addition to our portfolio companies, do not miss out on valuable opportunities. Different backgrounds contribute to more diverse insights around aspirations and priorities to be considered. It makes more voices in the organisation heard. We focus especially on diversity within decision-makers both at CapMan and in our portfolio companies, and in the adequacy of training and development opportunities throughout the CapMan organisation.

We also seek to integrate sustainability objectives into executive remuneration for all companies where CapMan has board representation. This ensures that decision-makers are incentivised to act in a manner that prioritises ESG matters and helps us meet sustainability targets.

Governance targets for 2022

CapMan targets

  • Develop employee remuneration to include ESG targets
  • Develop a process to reach equal gender representation in the management group, at partner level and throughout the organisation

CapMan investments targets

  • Appoint max 70% of any gender to boards & management teams
  • Sustainability objectives integrated into executive remuneration in all new majority owned companies within a year of acquisition

(for PE and Infra)

What is Science Based Targets initiative?

The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature. The SBTi drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets. SBT shows companies how much and how quickly they need to reduce their greenhouse gas (GHG) emissions to prevent the worst effects of climate change. The initiative mobilizes industry leaders and companies to set net-zero targets in line with curbing global warming to 1.5 °C on average, which is widely recognised as the limit at which the effects on the global climate are still on a sustainable level.

Read more about the SBT initiative