SFDR Article 8 Sustainability Related Disclosures
Summary
Reinova Energy Transition Fund I (RETF I) promotes environmental and social characteristics through investments in energy transition sectors, with a strategy of building and transforming companies to support decarbonization and sustainability.
Reinova Energy Transition Fund I (RETF I) promotes environmental and social characteristics through investments in energy transition sectors, with a strategy of building and transforming companies to support decarbonization and sustainability.
Sustainable Investment Objective
The Fund does not have sustainable investment as its sole objective but commits to a minimum of 80% sustainable investments, mainly focused on environmental objectives.
The Fund does not have sustainable investment as its sole objective but commits to a minimum of 80% sustainable investments, mainly focused on environmental objectives.
Characteristics Promoted by the Fund
Environmental: Supports the reduction of greenhouse gas emissions through deployment of clean electricity, decarbonization of industry and the built environment, promotion of clean fuels, and development of other sustainable solutions. Focus on critical infrastructure that enables the energy transition. Promotes carbon reduction initiatives and the achievement of avoided emissions.
Social: Promotes implementation of occupational health and safety standards and by tracking accidents, injuries, and fatalities; strengthens business resilience; and delivers benefits to local communities. Excludes companies linked to controversial weapons, tobacco, or violations of United Nations Global Compact (UNGC)/Organisation for Economic Co-operation and Development (OECD) guidelines.
Environmental: Supports the reduction of greenhouse gas emissions through deployment of clean electricity, decarbonization of industry and the built environment, promotion of clean fuels, and development of other sustainable solutions. Focus on critical infrastructure that enables the energy transition. Promotes carbon reduction initiatives and the achievement of avoided emissions.
Social: Promotes implementation of occupational health and safety standards and by tracking accidents, injuries, and fatalities; strengthens business resilience; and delivers benefits to local communities. Excludes companies linked to controversial weapons, tobacco, or violations of United Nations Global Compact (UNGC)/Organisation for Economic Co-operation and Development (OECD) guidelines.
Investment Strategy
The Fund invests in four target sectors: clean electricity, decarbonization of industrial/built environment, clean fuels, and other sustainability solutions. Focuses on critical infrastructure enablers of the energy transition. Creates value by building new platform companies, transforming existing businesses, and supporting their transition to lower-carbon operations and sustainable practices. Seeks to deliver attractive returns by investing for value, actively driving value creation and being disciplined about capital return once business plans are validated.
Proportion of Investments
Minimum 80% sustainable investments.
Monitoring of Characteristics
Progress is tracked annually through quantitative and qualitative indicators, including:
Alignment with UN Sustainable Development Goals (SDGs) 7, 9, 11, and 13.
SFDR Principal Adverse Impact (PAI) indicators such as absolute and intensity-based GHG emissions, breaches of UNGC/OECD principles, and share of companies without carbon reduction initiatives
Carbon reduction programs at portfolio companies.
Health & safety metrics measured by lost workdays, injuries, accidents, fatalities, or illness.
Methodologies
Reinova combines quantitative metrics (e.g., GHG emissions, avoided emissions, safety statistics) and qualitative assessments (e.g., governance, community impacts). The Fund applies a holistic sustainability due diligence process, with risk assessment tailored by sector, size, and business model. Uses the “do no significant harm” principle (DNSH) to ensure each investment complies with environmental, safety, and governance requirements. Post-investment, sustainability objectives are embedded into company-level value creation plans, and company monitoring and reporting. Exclusionary criteria further ensure adherence to responsible business conduct.
Data Sources
Primarily self-reported data from portfolio companies, collected during due diligence and as part of company reporting processes thereafter.
Limitations
Coverage and quality vary due to stage of development of the underlying company and reliance on self-reported data. In some cases it may be possible to achieve complete data coverage.
Due Diligence
Holistic sustainability due diligence process; responsible business risk assessment tailored to each investment; DNSH assessment before and after investment.
Engagement
Use of PAI indicators to identify and address negative impacts; engagement with portfolio companies for improvements; sustainability objectives integrated into ongoing monitoring.
Reference Benchmark
None designated.