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CONQUEST

PRI reporting framework 2020

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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.).

13.3. Additional information. [OPTIONAL]


SG 13 CC.


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.

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.

To date, Conquest's assets consist only of onshore wind and solar PV projects.

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

other description

          Examples of indicators assessed: avoided emissions, hazardous waste generated and % recycled, product end-of-life management
        

14.5. Additional information [Optional]

We conduct thorough ESG technical due diligence for all potential investments to identify and evaluate risks and opportunities specific to each project's activities and location via specific indicators such as avoided emissions through RE electricity generation, hazardous waste generated and % recycled, product end-of-life management, etc. If the project is validated, an ESG roadmap is elaborated for regular monitoring of the project's ESG externalities during the ownership phase.


SG 14 CC.

14.6 CC. Provide further details on the key metric(s) used to assess climate-related risks and opportunities.

Metric Type
Coverage
Purpose
Metric Unit
Metric Methodology
Other emissions metrics
          Impact assessment
        
          tCO2 avoided
        
          ADEME
        

14.8 CC. Indicate whether climate-related risks are integrated into overall risk management and explain the risk management processes used for identifying, assessing and managing climate-related risks.

Please describe

Through the integration of climate-related risks in our risk management, we work to manage and mitigate:

-risks of non-compliance with applicable environmental and climate-related legislations, which may lead to the loss of our license-to-operate and unbudgeted costs associated with fines;
-risks stemming from unanticipated changes in environmental regulations (transition climate risks);
-risks stemming from more frequent extreme weather events (physical climate risks);
-potential adverse consequences on the assets’ surroundings, notably on plant and terrestrial biodiversity.

In the pre-investment phase, we conduct a preliminary assessment of the project through a proprietary ESG check-list as well as a thorough ESG technical due diligence, whose results are then integrated in the agenda of the investment committee. Both the ESG check-list and technical due diligence include specific criteria related to climate change. If the project is validated, an ESG roadmap is elaborated for regular monitoring of the project's ESG externalities during the ownership phase. Throughout the project's operational phase, we actively engage and strive to build constructive working relationships with all the stakeholders of the project in order to manage the ESG and climate-related externalities of the project. The ESG and climate impact performance of our portfolio are disclosed and communicated to investors in an annual ESG report.


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

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

Brief description and measures of investment

Conquest's assets currently consist of onshore wind and solar PV projects in Europe.

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



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