Taaleri’s private equity funds focus on renewable energy and sustainable development. Our private equity funds create, for example, wind and solar power, bio-based products that replace fossil resources and affordable and energy-efficient rental homes.
Taaleri’s vision is to be a Nordic forerunner in alternative investments focusing on sustainability. Our purpose is driven by our desire to channel capital towards economically profitable undertakings that have a lasting positive impact on the environment and society. Experience has taught us that sustainability and profitability thrive side by side.
Taaleri Energia – impact through the replacement of fossil energy production
Taaleri Energia’s renewable energy-focused funds are classified as Article 9 financial products which make sustainable investments according to the EU’s Sustainable Finance Disclosure Regulation (SFDR). The funds’ sustainability goals are to replace fossil energy production and hence mitigate climate change by investing in wind and solar power projects and energy storage solutions.
Measured impact in 2022
- Taaleri’s renewable energy funds’ estimated realised emission reduction in 2022 was 597,816 tCO2e
- The renewable energy funds’ total combined energy production was 3,490 GWh
- All funded projects are committed to following good governance practices and minimum social safeguards (UNGP, UNGC, ILO, OECD)
Impact in practice: Taaleri SolarWind II
Taaleri SolarWind II finances approximately 1,111 MW of renewable energy capacity, which will offset more than 1,003,439 tonnes of CO2 annually over the 30+ year lifetime of the assets. Besides reducing greenhouse gas emissions, the fund also builds local infrastructure, employs local people, generates tax revenues and increases local energy security.
In autumn 2022, Taaleri SolarWind II fund won the Private Equity Wire ESG AAA European Award for Best ESG Fund: Energy Transition/Clean Energy. In addition, the fund was ranked among the top three in the ESG Fund of the Year category.
Taaleri Bioindustry – impact through the replacement of fossil and virgin raw materials and the promotion of circular economy
Bioindustry is part of a wider concept of bioeconomy. Bioindustry comprises several technologies that aim towards the resource-efficient utilisation of biomass, such as low-carbon energy production, products and materials with a high degree of processing, recycling, utilisation of waste and side streams and sustainable use of chemicals. Taaleri Bioindustry Fund I is classified as an Article 9 fund that makes sustainable investments under the EU Sustainable Finance Disclosure Regulation (SFDR). Taaleri’s Bioindustry business also includes projects such as the Fintoil tall oil refinery and the upcoming Joensuu Biocoal factory producing torrefied biomass.
Taaleri Bioindustry Fund I made its first investments in late 2022. The fund invests in state-of-the-art industrial-scale bioindustry plants with solutions that mitigate climate change, promote circular economy and replace fossil and virgin raw materials. The tall oil refinery utilises a by-product of the kraft pulping process to produce crude tall oil, which is used as a raw material for second-generation biofuels. Once completed, the Joensuu bioindustry plant will produce torrefied biomass that will replace fossil raw materials in industrial heat and energy production and help bind carbon in the soil as a fertiliser.
Bioindustry Fund I measured impact in 2022
- Carbon handprint 131.7 tCO2e
- Renewable and recycled raw materials: 93.9%
- 100% of investment targets are committed to following good governance practices and minimum social safeguards (UNGP, UNGC, ILO, OECD))
Taaleri Real Estate – impact through affordable and energy-efficient housing
Taaleri Real Estate funds make investments in built-to-rent residential properties, public properties, office premises and warehouse and logistics properties. Two of these are classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR). These Article 8 funds promote environmental and social sustainability characteristics, such as affordable, accessible, and energy-efficient housing.
During the projects’ construction phase, we take into account the sustainability and recyclability of building materials, among other things.
Measured impact in 2022
- Affordable rental apartments constructed: 758 (116 under construction) in Taaleri Rental Homes Fund
- Renewable energy produced: 598 MWh by the properties in Taaleri Housing Fund VIII and Taaleri Rental Homes Fund
- Energy-efficiency classification A: 100 % of properties constructed in Taaleri Housing Fund VIII
Impact in practice: Taaleri Housing Fund VIII
Taaleri Housing Fund VIII develops energy-efficient and high-quality rental apartments in the Helsinki Metropolitan Area, Tampere and Turku. The fund is classified as an Article 8 fund according to the EU SFDR. The fund pays attention to the energy efficiency of its assets along with other comprehensive sustainability criteria. The fund’s principal adverse impacts are regularly monitored, and project-specific plans are made to reduce the adverse impacts caused. The investment targets are also committed to Taaleri’s net zero targets.