NextEnergy Solar Fund has published its second annual sustainability and ESG report.
The report covers the three pillars that comprise the firm’s approach to sustainability and ESG – biodiversity, climate change and human rights. It also details the development of its proprietary approach to biodiversity, the strengthening of the board’s governance and oversight of ESG, the advancement of ESG standards, and enhancement of disclosure and reporting frameworks. Highlights include:
• Over the year, NESF has taken significant steps to promote natural capital and biodiversity conservation best practice across its own portfolio and published thought leadership pieces encouraging others to follow its lead
• NESF (through its Investment Manager, NextEnergy Capital) has played a leading role within the industry, such as the Solar Stewardship Initiative and active involvement in Solar Energy UK
• Through its donation to the NextEnergy Foundation during the year, NESF has made an important contribution towards alleviating poverty in parts of Africa through increasing access to renewable energy, as well as supporting sustainable recovery activities in Ukraine.
Josephine Bush, Chair of the NESF Board ESG Committee says, “We are delighted to publish this report looking at the extensive action NESF has taken to deliver on its current ESG priorities, and the strategic review being undertaken to ensure that our overall approach reflects the changing expectations of society and investors. We are committed to ensuring that our approach to ESG is best-in-class and reflects evolving international Sustainability and ESG standards. We look forward to building on our progress in the period and presenting the outcome of our strategic review in due course.”