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PRI reporting framework 2019

You are in Direct - Infrastructure » Pre-Investment (Selection)

Pre-Investment (Selection)

INF 05. Incorporating ESG issues when selecting investments

05.1. Indicate if your organisation typically incorporates ESG issues when selecting infrastructure investments.

05.2. Describe your organisation's approach to incorporating ESG issues in infrastructure investment selection.

Luxcara follows a sustainability themed investment strategy by specializing exclusively on renewable energy investments. The company’s responsible investment policy includes not only ecological factors, but also social and corporate governance aspects. Luxcara screens ESG factors during the investment and decision processes as well as part of the regular monitoring.

Environmental: Luxcara’s core business is renewable energy and thereby contributes to environmental sustainability per se. In addition, all assets undergo a detailed due diligence process including ESG issues. With respect to environmental issues, all of Luxcara’s investments need to make a positive contribution to climate change and to reaching the Sustainable Development Goals (SDG). It is not possible for Luxcara to invest in assets, which do not make a contribution against climate change. Furthermore, already at the pre-investment stage it is checked whether the deconstruction / recycling plan meets Luxcara’s waste management expectations, and if the investment does compensate its environmental impact.

Social: Luxcara only realizes investments that comply with human rights and working rights standards. Luxcara does include in its ESG DD prior to the investment decision the possibility of conflicts with the local community before and after commissioning, e.g. due to construction works and noise or light pollution. Luxcara actively engages in strengthening community relations.

Governance: Every investment needs to comply with anti-corruption standards and needs to be independent and stable. The supply chain needs to be fully transparent regarding all involved parties. Every business partner is asked to sign Luxcara’s business partner code of conduct, which is based on the UN Global Compact, the UN Principles for Responsible Investment, the German Corporate Governance Codex and the CFA Asset Manager Code.

INF 06. ESG advice and research when selecting investments (Private)

INF 07. Examples of ESG issues in investment selection process

07.1. Indicate which E, S and/or G issues are typically considered by your organisation in the investment selection process and list up to three typical examples per issue.

ESG issues

List up to three typical examples of environmental issues

          Affordable and Clean Energy - Luxcara invests in ready-to-build renewable energy and infrastructure assets in the EEA and Switzerland.
          Industry, Innovation and Infrastructure - In addition to wind and
solar farms, this also includes potential market opportunities such as storage systems, grid, substations and hydropower.
          Climate Action - Luxcara exclusively invests in renewable energy, and thereby into an ecologically and economically sustainable asset class.

List up to three typical examples of social issues

          Responsible choice of location of our renewable energy farms, and assessment of the impact on the local community
          We always work with local business partners

List up to three typical examples of governance issues

          Code of conduct for all business partners
          Highly-valued team diversity
          Culture of trust, responsibility and sustainability

07.2. Additional information. [Optional]

INF 08. Types of ESG information considered in investment selection (Private)

INF 09. ESG issues impact in selection process (Private)