CapMan, the Helsinki-based company with a prominent real estate division, has published its sustainability report for 2021/2022.
The listed group, which has €4.7 bn of AUM across different asset classes and employs around 180 people, said in a statement it was dedicated to setting ‘science-based targets to reduce greenhouse gas emissions in line with the Paris Agreement'.
But the report goes much further, detailing gender equality targets. For example, its fifth Sustainable Development Goal is to ensure a maximum of 70% of any gender serves on the board of directors in 2022.
Among green aspirations is the 11th goal, which is to improve on 15% of properties having sustainability certification by gross area.
The company stated: ‘This past year, we have made significant advances in terms of updating processes for the integration of sustainability in decision-making, unified the collection of sustainability data to serve as a foundation for decision-making as well as continued to develop our approach to sustainable investing. We have also significantly increased and developed our internal resources and competence to make sure that our own company and our investments are ready for the requirements of tomorrow.’
Six advisers used
CapMan told PropertyEU it had used Normative for the GHG emissions assessment of most buyout portfolio companies and some portfolio companies have used Gaia Consulting due to a prior relationship. Ramboll has provided GHG emissions, energy consumption and water consumption assessment for most real estate funds. Sweco has assessed GHG emissions of the Infrastructure fund (in addition to KPMG assessing the largest portfolio company Norled’s ESG disclosures). Upright Project has assessed ESG metrics for the growth portfolio companies.
‘The reason for using different service providers is differences in the fund’s investment strategies and the variance in portfolio companies and assets,’ said a spokesperson.
