Sustainable Investing

NEXTENERGY GROUP SUSTAINABILITY FRAMEWORK

OUR MISSION IS TO CONTRIBUTE TO A MORE SUSTAINABLE FUTURE BY LEADING THE TRANSITION TO CLEAN ENERGY GENERATION

NextEnergy Group is committed to leading the transition to clean energy generation in a responsible manner. Our Sustainability Strategy sets out our commitment to ensuring that our sustainability and ESG priorities are fully integrated in our development, investment, asset management activities. It provides the impetus for us to continue to proactively identify areas to effect positive change for people and planet.

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Climate Change
Tackling climate change is an integral part of our mission and our core business.
Climate Position Statement
Human Rights
Our commitment to respecting human rights is guided by the United Nations Universal Declaration of Human Rights.
Human Rights Position Statement
Nature
For us, solar presents a key opportunity to restore and increase biodiversity and natural ecosystems.
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SUSTAINABLE INVESTMENT POLICY

As a company, we are committed to managing our investments in a responsible manner, and this approach is an intrinsic part of how we make investment decisions. This includes the objective to align 100% of our investments with the Equator Principles and the IFC Performance Standards, where applicable. Full details of all of our principles can be found in our Sustainable Investment Policy.

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SUPPLY CHAIN

NextEnergy Capital is committed to identifying, assessing and managing ESG risks across its supply chain. In addition to undertaking due diligence on our suppliers, we expect them to abide by our Code of Conduct for Suppliers.

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ESG INTEGRATION

Our objective is to ensure that ESG factors are considered throughout the investment process for 100% of transactions, from potential Excluded Activities during the project selection phase, to initial screening and full due diligence during the pre-acquisition phase. ESG clauses are included in key contracts with our counterparties, including EPC and O&M Contractors, and an Action Plan to fill in any gaps between a project, its contractors and the standards which NextEnergy Capital seeks to uphold is agreed during the negotiation phase. Finally, during the ownership phase we ensure that the Action Plan is implemented, and that we report on our ESG performance.

PROJECT SELECTION

Only projects that pass our 'No Go' selection criteria are selected
ESG ASSESSMENT

Due diligence identifies discrepancies between the Seller/EPC/O&M's standards and NEC's
INVESTMENT NEGOTIATIONS

ESG clauses are incorporated into financial agreements and contracts
RISK MANAGEMENT

ESG clauses are incorporated into financial agreements and contracts
INVESTMENT DECISION

Documented ESG Memo to Investment Committee approving or declining
POST-ACQUISITION IMPLEMENTATION

Execution of Action Plans and definition of ESG KPIs at each asset
OPERATING PLANT MAINTENANCE

Implementation of ESG Action Plan and KPI's monitoring and reporting
INVESTMENT DIVESTITURE

Portfolio ESG reporting based on standard KPIs