Vision We want to utilise and harness the opportunities offered by nature's infinite resources.
Despite falling emissions, the energy sector still accounts for the largest share of CO₂ emissions worldwide.³ And with the increase in e-mobility, information and communication technologies, the demand for energy will increase even further in the future.
However, this also offers valuable opportunities – because a sustainable energy industry can effectively save CO₂. Every kilowatt hour of renewable electricity produced with the help of wind, water and sun that is fed into the electricity grid replaces one kilowatt hour of electricity from fossil fuels due to the feed-in priority.
This results in numerous benefits for the energy industry. It reduces dependence on imported energy sources, ensuring lower energy prices⁴ in the long term and at the same time helps to reduce CO₂ emissions.
This is exactly where klimaVest comes in: with currently more than 44 assets in 6 EU countries⁵, the impact fund is actively influencing the European real economy and thus promoting the expansion of renewable energies – for a sustainable and valuable energy transition in the long term.
The most important questions about the klimaVest vision
What is an impact fund and how does klimaVest meet the definition?
An impact fund is a sustainable investment product that focuses on the definition and fulfilment of specific and measurable sustainability objectives in addition to a financial return. Impact funds select companies and projects for their portfolio that have been proven to bring about positive changes.
The klimaVest impact fund’s portfolio currently consists of more than 44 solar parks and wind farms, which contribute to the generation of renewable energy in 6 EU countries. With the help of these assets, the fund has an impact on specific sustainability objectives. This means that around 1,000 GWh of clean electricity will be produced each year with a reduction of 250,000 tonnes of CO₂ (target value; not guaranteed). As an impact fund, klimaVest thus actively contributes to reducing carbon emissions and driving forward the expansion of renewable energies.
What does sustainable investment mean for klimaVest?
In order to put the link between sustainability and economic profitability into practice, klimaVest focuses on three cornerstones of sustainable investment:
- Relation to the real economy:
In order to promote real economic activities that contribute to the energy transition, klimaVest invests primarily in specific wind and solar power projects. Climate change is caused by CO₂ and other greenhouse gases in the atmosphere, which in turn increase the greenhouse effect.
Physical assets in the area of renewable energies for impact investments are particularly suitable for solving these problems. Specific projects such as wind farms or solar parks actively contribute to climate change mitigation: thanks to the statutory feed-in priority of renewable electricity, they have a direct impact on the energy mix and at the same time save considerable amounts of CO₂.
Unlike passive funds that specialise in exchange-traded securities, klimaVest is therefore an active fund with a focus on physical assets that make a contribution to the energy transition. - Positive objectives:
As an impact fund, klimaVest aims to achieve a positive impact of the investments made at the environmental and social level. The European Union has formulated specific objectives for this in the context of the EU Taxonomy.
It includes, among other things, climate change mitigation, the transition to a circular economy and the preservation of biodiversity and ecosystems. Climate protection is a guiding principle for klimaVest. - Transparency:
klimaVest presents the avoided CO₂ emissions of the portfolio and reports on other sustainability aspects of the fund in the half-yearly and annual reports. These include, for example, the “Do No Significant Harm” principle and social and governance reviews that must be carried out by the respective investments of the fund.
What contribution does an investment in klimaVest make to the energy transition?
klimaVest’s portfolio currently consists of 44 solar parks and wind farms for the generation of renewable energy. The fund thus actively promotes the expansion of renewable energies. With the increasing expansion and the legally regulated feed-in priority, conventional electricity from fossil fuels, which is often associated with high CO₂ emissions, can be constantly pushed back. klimaVest thus makes an active contribution to the sustainable transformation of the European energy industry and thus also to climate change mitigation.
In addition to the expansion of renewable energies, klimaVest also pursues specific sustainability goals, such as the active saving of CO₂: The avoided emissions are calculated using the Clean Development Mechanism (CDM) and communicated transparently. As the production of renewable electricity also generates greenhouse gases, these emissions are added.
With klimaVest’s CO₂ calculator, you can estimate your personal CO₂ footprint and in the second section, estimate the targeted CO₂ avoidance of klimaVest's assets.
How do you measure the sustainability of an asset?
Please follow this link: How can investors understand CO₂e avoidance and how to measure it?
¹Source: https://eur-lex.europa.eu/resource.html?uri=cellar:b828d165-1c22-11ea-8c1f-01aa75ed71a1.0021.02/DOC_1&format=PDF
²Source: https://de.statista.com/statistik/daten/studie/236300/umfrage/bargeld-und-sichteinlagen-der-privaten-haushalte-in-deutschland/
³Source: https://de.statista.com/infografik/26886/stromgestehungskosten-fuer-erneuerbare-energien-und-konventionelle-kraftwerke-in-deutschland/
⁴Source: https://de.statista.com/infografik/26886/stromgestehungskosten-fuer-erneuerbare-energien-und-konventionelle-kraftwerke-in-deutschland/
⁵ The transfer of benefits and burdens for the five Swedish photovoltaic project developments of Helios Nordic Energy has not yet taken place.