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    CapMan Continues Sustainability Journey

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    Stockholm (NordSIP) – At the beginning of February, CapMan announced it was committing to the Science Based Targets initiative (SBTi), adopting, among others, greenhouse gas (GHG) emissions reduction plans to alignits portfolio companies and real estate investments with a path to net-zero emissions. The Nordic asset manager’s commitment to sustainability is reinforced by its continued investment in ESG human resources, as evidenced by recent senior appointments, including Anna Rannisto (Pictured) as ESG Manager at CapMan Real Estate.

    On the Path to Net-Zero

    CapMan commitment to net-zero emissions is underscored by four ESG investment targets and five ESG company targets. Environmentally, CapMan has decided to align both its operations as well as its investments with 1.5ºC path to net-zero GHG emissions. Socially, the asset manager has aimed for a Employee Net Promoter Score (eNPS) above 40 and committed to creating a policy & process for diversity and inclusion inhouse. For its investments, CapMan targets employee satisfaction surveyed above 3.5 out of 5 (for PE and Infra).

    - Partner Message -

    From a governance perspective, CapMan has adopted two inhouse goals and 2 investment targets. For itself, CapMan is committed to developing an employee remuneration system that includes ESG targets and to developing a process to reach equal gender representation in the management group, at partner level and throughout the organisation. Among its investments, CapMan is committing to a 70% cap on any gender regarding appointments to boards and management teams. It is also committing to the integration of sustainability objectives into executive remuneration in all new majority owned companies within a year of acquisition.

    “We are extremely proud that sustainability is centrally on the agenda across our investment strategies, portfolio companies and investors. We believe that strong ESG performance is reflected in strong financial performance, a link that is extensively supported by international research. As active owners, we can initiate change that results in collectively substantial climate action and improved diversity, thereby contributing positively to the Nordic region, and beyond. Our role and mandate as a private assets manager make us perfectly positioned to work together with all stakeholders in our portfolio companies and assets to seize opportunities, implement changes and make a difference for future generations,” says Joakim Frimodig, CapMan’s CEO.

    “Setting SBTs and getting them confirmed by the SBT Initiative is considered best practice. The short-term (around five years) and long-term (around 10 years) targets provide a clear guidance for us as investors to understand what we need to accomplish in order to reach net zero well ahead of EU’s 2050 target. By driving this initiative, we help our portfolio and ultimately our stakeholders transition towards a carbon neutral society through positioning our portfolio companies and assets firmly on track towards net-zero emissions,” says Anna Olsson, ESG Director at CapMan.

    “We want to be part of building companies that we are proud of and that employees are proud to work for. We set clear improvement targets to work towards and by linking sustainability targets to executive remuneration we put ESG on the agenda,” adds Olsson.

    New ESG Hires

    CapMan’s commitment to SBTis follows the recent announcement that CapMan Real Estate has appointed Anna Rannisto to a new role as ESG Manager at CapMan Real Estate. Rannisto will take the lead on CapMan Real Estate’s ESG actions including further business development and initiatives related to ESG and Sustainability. She will be based in Helsinki but work across all CapMan Real Estate’s Nordic offices and investment strategies.

    At the end of last year, CapMan Plc’s recruited ESG Director Anna Olsson. “Ms. Rannisto brings us an in-depth knowledge and extensive experience within ESG which will even further increase our focus and resources to develop CapMan Real Estate’s sustainability work including amongst other decarbonisation, energy efficiency, taxonomy assessment, climate assessments and the overall sustainability performance of our investments. We are delighted to have Ms. Rannisto take on this important role as we continue to grow our investment business and commitment to sustainability” says Mika Matikainen, Managing Partner at CapMan Real Estate.

    Rannisto comes from Ramboll Finland where she worked as a Senior Sustainability Consultant & Environmental Manager, specialised among other things on EU taxonomy, climate risks, carbon neutrality and real estate ESG Due Diligence. Ms. Rannisto holds a Master of Science in Economics and Corporate Environmental Management from Jyväskylä School of Business and Economics.

    Filipe Albuquerque
    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.

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