NextEnergy Capital Achieves Top 5 Star UN PRI Rating
London, 2 December 2024 –NextEnergy Capital is delighted to announce that it has been awarded the top 5-star rating for its second consecutive year in all applicable modules of the UN PRI’s 2024 Benchmark Assessment. A five-star rating, the highest possible score, is awarded to those signatories that demonstrate leading practices within the responsible investment industry.
This top-rank rating demonstrates NEC’s commitment to continuously evolving and strengthening its approach to sustainability, and to reporting transparently on it. The rating captures the hard work undertaken by NextEnergy Group’s dedicated ESG team to begin implementing the Group’s new Sustainability Strategy and supporting Framework this year.
NEC continues to ensure that ESG factors are fully integrated across the whole investment process. This rigorous and ambitious approach has been recognised as exemplary by investors in NEC’s funds. The ESG team continues to work closely with all teams across NextEnergy Group to minimise and mitigate risks, identify opportunities, and ensure that our activities support global sustainable development goals.
The UN PRI is the world’s leading proponent of responsible investment, of which NEC has been a signatory since 2016. It promotes the incorporation of ESG considerations into investment practices through Six Principles, designed to help investors to create a more sustainable global financial system. Every year, PRI signatories are required to report on their responsible investment activities, after which an annual assessment is undertaken.
NEC’s Transparency Report is publicly available, as are all of NEC’s historical UN PRI reports: https://www.nextenergycapital.com/sustainability/transparency-and-reporting/group-level-reporting/pri-reports/.
Michael Bonte-Friedheim, Founder & CEO, NextEnergy Group commented:
“These two consecutive years with a 5-star score in all modules are testament to our firm’s continued work to lead efforts towards a more responsible and sustainable future. I am proud of the ESG team’s efforts, and am looking forward to the developments in 2025 as we strengthen the collaboration with our stakeholders and teams to build on the implementation of our new Sustainability Strategy.”
Giulia Guidi, Head of ESG, NextEnergy Group, commented:
“I am delighted that NEC has again been awarded the top five-star rating from the UN PRI for the 2024 Benchmark Assessment. NEC outperformed the PRI median in all three reporting categories, which is a tremendous achievement. Our score of 100% in the Confidence Building Measures Module is particularly testament to our commitment to good governance and transparency. I have no doubt that NEC’s ESG work will continue to benefit from the synergies between NextEnergy Group’s companies, which ensures that we remain ahead of the game in the pursuit of a common mission.”