UN Principles for responsible investment
We have already in 2010 signed the United Nations Principles for Responsible Investment (UNPRI) and are committed to taking into account the environmental, social and governance (ESG) implications in our investment activities.
In the 2020 PRI results, we received the highest possible grade A+ in the modules
- Strategy and Governance
and A scores in the following modules
- Listed Equity,
- Fixed Income – Corporate Financial,
- Fixed Income – Corporate Non-Financial,
- Listed Equity – Incorporation,
- Listed Equity – Active Ownership ja and
- Private Equity
PRI 2020 Assessment Report for Taaleri
UN Sustainable Development Goals
We also highlight the impacts of our operations through the UN Sustainable Development Goals (SDGs) and show the connection between our operations and broader global development. We have analysed the company’s direct and indirect impacts in the value chain and have identified areas where our impact is strongly linked with SDGs as well as areas whose promotion offers commercial opportunities. They include, e.g.:
SDG 7: Affordable and clean energy
Taaleri Energia pursues and develops energy infrastructure projects. We invest in renewable energy availability, and improving energy efficiency is an important factor in many of our investments. We participate in climate change mitigation by supporting the transition to fossil-free energy.
SDG 8 Decent work and economic growth
We enable increased productivity by implementing investments into innovative technologies. Among other things, we have established the world’s first private equity fund investing in the circular economy. We offer numerous investment opportunities and financial services supporting sustainable economic growth and creating employment in Finland and abroad. Through our Code of Conduct, we aim to ensure acceptable working conditions throughout our value chain, when possible, by requiring a safe working environment, by supporting employees’ rights, and by intervening in forced labour and child labour as well as in the operations of our partners if shortcomings are detected in their operations.
SDG 9: Industry, innovation and infrastructure
Our products and solutions help companies to grow and flourish through new opportunities for business development. We serve SMEs and we promote their business operations by improving the availability for financing. We offer financing services, such as guaranties that facilitate the development of critical infrastructure. In addition to supporting the growth of companies, we also serve people by bringing services close to them and offering opportunities for better income.
We understand that evolving legislation, climate change, and other factors can influence the long-term risk and return profile. We are continuously cultivating our operations by focusing on new opportunities. Our goal is to ensure that people, communities, the environment, and our assets are safe.
Net Zero Asset Managers initiative
We joined the Net Zero Asset Managers (NZAM) initiative in November 2021. As part of the initiative, Taaleri is committed to the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C. We are also committed to set interim targets by 2030, report on the progress yearly and work with investor networks, companies and our clients to support the goal. The scope of Taaleri’s commitment is the assets under management (AuM) in our Private Asset Management segment. We will disclose information on Taaleri’s own more exact climate targets and action plans.
We joined CDP signatories in 2017. CDP is an independent, non-profit organization that collects and distributes information on issues such as corporate emissions. We use the data we obtain through CDP to evaluate the carbon footprint of our investments.
We are a member of the Finland’s Sustainable Investment Forum (FINSIF) and participate in Finnish Business & Society (FIBS), a network of Finnish companies promoting socially and economically sustainable development.
Additionally, Taaleri’s aim is to comply with the Equator Principles in direct project financings that are related to Energia’s investments. The purpose of the Equator Principles is that all financial institutions can observe a management system that aligns with these principles and includes an internal minimum standard of due diligence and responsibility for project funding assessments. With the Equator Principles, the aim is to ensure that financed projects fulfil the criteria related to social and environmental standards.