Luxembourg-based investment manager Corestate Capital has published its first sustainability report, covering environmental performance, social affairs and corporate governance, as part of its commitment to more responsible business practices.
The company has committed itself to reducing CO2 emissions per m2 by at least 20% over the next five years across its assets under management, which have a total value of €26 bn. It has set similar targets for water and waste consumption and aims to increase energy efficiency by 30%.
Corestate said investment based on a comprehensive ESG strategy has become essential for institutional investors such as pension funds or insurers. It signed the UN Principles for Responsible Investment (UNPRI Charter) in February this year and is applying the INREV reporting standard to its own fund products.
The company is also automating its processes and implementing digitalisation, such as allowing customers to invest directly in individual products via a portal accessed through its website.
'With our transparent and comprehensive sustainability strategy, we are setting new industry standards in the area of ESG,' said CEO Lars Schnidrig. 'This is not an end in itself, but is due to the increasing demands of our stakeholders - above all our customers.
'Clear ESG criteria have now been implemented in our investment decisions, asset management and product reporting. We have thus consistently focused on sustainability within the Group and qualified ourselves as a reliable partner for our clients in this area as well.'
