clean energy installed, Enough electricity to power 65,768 UK households for a year


The following risks may be materially relevant but may not always be adequately captured by the summary risk indicator and may cause additional loss: Credit risk, Liquidity risk and Concentration risk. Sustainability risks may lead to a significant deterioration in the financial profile, profitability or reputation of an underlying investment and may therefore have a significant impact on its market price or liquidity. The environmental, social, and governance (“ESG”) considerations discussed herein may affect an investment team’s decision to invest in certain companies or industries from time to time. Results may differ from portfolios that do not apply similar ESG considerations to their investment process.
Climate change, global growth and society have already impacted, and will continue to impact, not only the world’s economic growth but also the lives of millions of people. Tackling climate change can be achived through a shift to a low-carbon economy.
clean energy installed, Enough electricity to power 65,768 UK households for a year
SFDR rated
Olympic swimming pools
(equivalent) of water treated
through projects
MetLife Investment Management |
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Silvercrest Investment Managers |
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Caixabank’s green-bond programme has helped to finance the construction of the Parc Éolien En Mer De Fécamp wind farm.
The project is France’s third offshore wind farm and will be located 13-22km off the north coast. Spread across 60km2 of shallow water, the farm will comprise 71 wind turbines. The project will add to France’s renewable-energy installed capacity, generating low-carbon electricity and helping to diversify from the country’s large nuclear fleet. This will contribute to the national target of having 32% of final energy consumption supplied by renewables by 20303.
Following discussions with the local fishing fleet, the turbines will be arranged in a location that limits the impact on fishing operations, as well as being away from main commercial shipping lanes. Additionally, during the construction phase, the project will create 1,400 jobs, while the operating phase will generate 100 permanent jobs, providing social as well as environmental benefits for local communities.
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1 Caixabank Green Bond Report 2021.
2 https://parc-eolien-en-mer-de-fecamp.fr/
3 London School of Economics (2020) France’s Integrated Energy and Climate Plan.
Available: https://climate-laws.org/geographies/france/policies/france-s-integratedenergy-and-climate-plan
BNP Paribas’ green-bond programme has supported the Viking Link, a new electricity interconnector between the UK and Denmark.
The new transmission cable will have a capacity of 1,400MW, enough to supply 1.4m households. The €2bn project is being developed by the UK’s National Grid in partnership with Denmark’s Energinet.
Alongside other international interconnectors, such as the North Sea Link, the Viking Link will enable more effective use of renewable energy, improved access to clean electricity, and potentially lower prices for consumers. As electricity grids shift from fossil fuels to intermittent renewables, increased interconnection will be critical for sustainability, security and reliability of energy supply. Since there is low correlation between wind-generation output in the UK and Denmark, the interconnector will mean that surplus energy can be utilised in either country.
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1 BNP Paribas 2021 Green Bond Reporting & Methodology Notes.
2 https://www.viking-link.com/
Improving clean water access and empowering women in India.
The Tamil Nadu Urban Flagship Investment Programme, India will improve the water supply, sewerage and drainage infrastructure in 10 cities across the Indian state of Tamil Nadu, where only 48% of households have access to piped water and 42% are served by a sewerage network.
The state is also one of the most vulnerable-to-drought regions in the world, so as well as being critical for human health and wellbeing this project is also building resilience to the impacts of global warming.
The Tamil Nadu Urban Flagship Investment Programme:
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Source: AIM, Global Climate Bond 2022 Impact Report. Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or securities. It should not be assumed that the recommendations made in the future will be profitable or will equal the performance of the securities discussed in this document.
Institutional Client Group |
Portfolio management |
Source: Silvercrest . as of 30 October 2024. Teams are subject to change.