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Nysnø Climate Investments

PRI reporting framework 2020

You are in Strategy and Governance » ESG issues in asset allocation

ESG issues in asset allocation

SG 13. ESG issues in strategic asset allocation

13.1. Indicate whether the organisation carries out scenario analysis and/or modelling, and if it does, provide a description of the scenario analysis (by asset class, sector, strategic asset allocation, etc.).

Describe Nysnø uses IPCC scenarios, IEA World Outlook and The Drawdown Project projections to identify climate impact and investment opportunities. Nysnø uses publicly available climate modelling, such as the Climate Change Knowledge Portal, to assess the portfolio's climate risk.

13.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

We do the following

          Our mandate does not contain strategic asset allocation and is geographically restrained.
        

13.3. Additional information. [OPTIONAL]


SG 13 CC.

13.4 CC. Describe how your organisation is using scenario analysis to manage climate-related risks and opportunities, including how the analysis has been interpreted, its results, and any future plans.

Describe

Using climate scenarios and IPCC projections to identify potential impact investment themes.

13.5 CC. Indicate who uses this analysis.

13.6 CC. Indicate whether your organisation has evaluated the potential impact of climate-related risks, beyond the investment time horizon, on its investment strategy.

Describe

Nysnø has an evergreen investment mandate with the purpose of reducing greenhouse gas emissions through profitable investments. If sufficient climate action is taken to move to a zero emissions economy where there is a fully functioning commercial and financial market for zero emissions companies, solutions and technology, Nysnø's mission would be achieved. Meanwhile, climate related risks are included in both the investment hypothesis for specific investmnets and the climate risk evaluation of the portfolio performed anually.

13.7 CC. Indicate whether a range of climate scenarios is used.

13.8 CC. Indicate the climate scenarios your organisation uses.

Provider
Scenario used
IEA
IEA
IEA
IEA
IEA
IRENA
Greenpeace
Institute for Sustainable Development
Bloomberg
IPCC
IPCC
IPCC
IPCC
Other

Other (1) please specify:

          SMART PATHS (CREE & SSB)
        
Other

Other (2) please specify:

          Project Drawdown sector scenarios
        
Other

Other (3) please specify:

          IPCC 1.9
        

SG 14. Long term investment risks and opportunity

14.1. Some investment risks and opportunities arise as a result of long term trends. Indicate which of the following are considered.

other description (1)

          Public policy
        

14.2. Indicate which of the following activities you have undertaken to respond to climate change risk and opportunity

Specify the AUM invested in low carbon and climate resilient portfolios, funds, strategies or asset classes.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

Specify the framework or taxonomy used.

All investments must contribute to reducing greenhouse gas emissions, directly or indirectly. 

Key verticals:

  • Green Energy
  • Enabling Technologies
  • Resource Efficiency
  • Sustainable Demand
  • Circular Economy

Key sectors in each vertical:

Green Energy: solar, hydro, wind, marine, geothermal
Enabling Technologies: batteries, hydrogen, digitalisation, smart grids
Resource Efficiency: advanced materials, waste recycling, bio-economy, agri- & aquatech
Sustainable Demand: consumption, sharing economy, mobility, smart cities
Circular Economy: circular business models in all of the above

14.3. Indicate which of the following tools the organisation uses to manage climate-related risks and opportunities.

14.5. Additional information [Optional]

Key emissions reduction KPIs identified upon investment and integrated with financial reporting from portfolio companies, f.ex. number of units sold to show progress towards CO2 reductions by gaining market share.


SG 14 CC.


SG 15. Allocation of assets to environmental and social themed areas

15.1. Indicate if your organisation allocates assets to, or manages, funds based on specific environmental and social themed areas.

15.2. Indicate the percentage of your total AUM invested in environmental and social themed areas.

100 %

15.3. Specify which thematic area(s) you invest in, indicate the percentage of your AUM in the particular asset class and provide a brief description.

Area

Asset class invested

30 Percentage of AUM (+/-5%) per asset class invested in the area

Brief description and measures of investment

Unlisted equity investment in eSmart Systems. eSmart promotes energy efficiency and enables renewable energy. eSmart Systems' intelligent analytics platform captures, analyzes, visualizes and converts real-time operational data into actionable insights to enable next-generation operational performance.

Unlisted equity investment in sensor company Disruptive Technologies. Disruptive Technologies develops miniature sensors, the size of a post stamp. These sensors have a 15-year battery life and numerous application areas within energy and resource efficiency that can contribute to the reduction of greenhouse gas emissions.

Asset class invested

20 Percentage of AUM (+/-5%) per asset class invested in the area

Brief description and measures of investment

Unlisted equity investment in Otovo, solar panel installation platform. Otovo enables homeowners to get tailormade, instant quotes for rooftop solar panels, while hosting a marketplace with hundreds of installer companies who algorithmically bid for the projects generated.

Unlisted equity investment in NorSun, monocrystalline silicon wafer producer. NorSun is a Norwegian solar energy company that manufactures and markets high performance mono-crystalline silicon ingots and wafers for the global solar energy industry. Dedicated to high efficiency n-type wafers, NorSun is an established supplier to tier-one cell manufacturers.

Asset class invested

25 Percentage of AUM (+/-5%) per asset class invested in the area

Brief description and measures of investment

Green bank deposit of 50MNOK dedicated to loans for sustainable vegetable production.

15.4. Please attach any supporting information you wish to include. [OPTIONAL]



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