Paris\/ Frank\u00adfurt am Main \u2014 Eura\u00adzeo laun\u00adches Sustainable Mari\u00adtime Infra\u00adstruc\u00adture, a thema\u00adtic fund to finance envi\u00adron\u00admen\u00adtally friendly infra\u00adstruc\u00adture and tech\u00adno\u00adlogy in the mari\u00adtime sector. The Fund enables sustainable deve\u00adlo\u00adp\u00adment as defi\u00adned in Article 9 of Regu\u00adla\u00adtion (EU) 2019\/2088 (known as the \u201cDisclo\u00adsure Regu\u00adla\u00adtion\u201d) and thus directly contri\u00adbu\u00adtes to Eura\u00adzeo\u2019s ESG stra\u00adtegy called \u201cO+\u201d, through which the company aims to achieve carbon neutra\u00adlity by 2040. The target size of the fund is 300 million euros, and seve\u00adral renow\u00adned state and insti\u00adtu\u00adtio\u00adnal inves\u00adtors have alre\u00adady pled\u00adged their participation.<\/p>\n
Curr\u00adently, 90 percent of the worl\u00add\u2019s goods are trans\u00adpor\u00adted by sea. Carbon dioxide reduc\u00adtion in the mari\u00adtime sector is thus crucial to halting climate change. To meet this chall\u00adenge, the fund will finance mainly in three areas: Ships equip\u00adped with advan\u00adced tech\u00adno\u00adlo\u00adgies and ther\u00ade\u00adfore more envi\u00adron\u00admen\u00adtally friendly, inno\u00adva\u00adtive port faci\u00adli\u00adties, and capi\u00adtal equip\u00adment used in the deve\u00adlo\u00adp\u00adment of offshore rene\u00adwa\u00adble energy gene\u00adra\u00adtion facilities.<\/p>\n
The Euro\u00adpean Commis\u00adsi\u00adon\u2019s Green Deal envi\u00adsa\u00adges Europe achie\u00adving the goal of climate neutra\u00adlity by 2050. The Eura\u00adzeo Sustainable Mari\u00adtime Infra\u00adstruc\u00adture will finance around fifty projects or faci\u00adli\u00adties in the mari\u00adtime indus\u00adtry across Europe that contri\u00adbute to achie\u00adving this goal. Germany is to play a key role in this as an invest\u00adment loca\u00adtion. The mari\u00adtime indus\u00adtry in this coun\u00adtry has an annual sales volume of up to 50 billion euros, the coun\u00adtry is one of the largest ship\u00adbuil\u00adding nati\u00adons in the world, and around 20 percent of global contai\u00adner capa\u00adcity comes from here (as of 2018).<\/p>\n
The Sustainable Mari\u00adtime Infra\u00adstruc\u00adture fund is mana\u00adged by Idin\u00advest Part\u00adners, a subsi\u00addiary of Eura\u00adzeo. As a leasing fund, it offers its inves\u00adtors a parti\u00adcu\u00adlarly secure risk profile, as the invest\u00adments are colla\u00adte\u00adra\u00adli\u00adzed by the finan\u00adced capi\u00adtal goods. Through the asset finance model, it gene\u00adra\u00adtes quar\u00adterly distri\u00adbu\u00adti\u00adons from lease payments recei\u00adved and has an advan\u00adta\u00adge\u00adous solvency capi\u00adtal requi\u00adre\u00adment of less than ten percent.<\/p>\n
As of Janu\u00adary 1, 2020, ship\u00adping compa\u00adnies must signi\u00adfi\u00adcantly reduce their emis\u00adsi\u00adons (from 3.5 to 0.5 percent) under the new Inter\u00adna\u00adtio\u00adnal Mari\u00adtime Orga\u00adniza\u00adtion (IMO) regu\u00adla\u00adtion to reduce the sulfur content of fuels. This regu\u00adla\u00adtion is part of a global stra\u00adtegy by the IMO and aims to reduce total green\u00adhouse gas emis\u00adsi\u00adons from the ship\u00adping indus\u00adtry by at least 50 percent by 2050 compared to 2008 levels. The fund will help reduce both green\u00adhouse gas emis\u00adsi\u00adons and emis\u00adsi\u00adons of sulfur oxides (Sox) and nitro\u00adgen oxides (NOx), which are parti\u00adcu\u00adlarly harmful to the air.<\/p>\n
The emis\u00adsion reduc\u00adtions achie\u00adved with the help of the fund invest\u00adments are measu\u00adred using quan\u00adti\u00adta\u00adtive indi\u00adca\u00adtors whose measu\u00adre\u00adment metho\u00addo\u00adlogy has been veri\u00adfied by inde\u00adpen\u00addent experts and which are checked as part of an annual exter\u00adnal survey.<\/p>\n
In Janu\u00adary 2020, Eura\u00adzeo Sustainable Mari\u00adtime Infra\u00adstruc\u00adture recei\u00adved the LuxFLAG label (\u201cAppli\u00adcant Fund Status\u201d). The label certi\u00adfies that funds take ESG crite\u00adria into account at every stage of the invest\u00adment process.<\/p>\n
Chris\u00adto\u00adphe Bavi\u00e8re, member of Eura\u00adzeo\u2019s Execu\u00adtive Board, said, \u201cWe are very plea\u00adsed to offer our inves\u00adtors an option that meets the \u2018Article 9\u2019 crite\u00adria with Eura\u00adzeo Sustainable Mari\u00adtime Infra\u00adstruc\u00adture. Many inves\u00adtors are looking for invest\u00adments that make a measura\u00adble contri\u00adbu\u00adtion to decar\u00adbo\u00adniza\u00adtion and envi\u00adron\u00admen\u00adtal change. In addi\u00adtion, the fund is charac\u00adte\u00adri\u00adzed by a parti\u00adcu\u00adlarly high level of capi\u00adtal protection.\u201d<\/p>\n
Daniel Emers\u00adle\u00adben, who serves as invest\u00adment direc\u00adtor for the fund, added:
\n\u201cOur new fund is a finan\u00adcing instru\u00adment that will help reduce green\u00adhouse gases and sulfur. We measure the emis\u00adsion reduc\u00adtions achie\u00adved, have the values veri\u00adfied by inde\u00adpen\u00addent experts and disc\u00adlose them to our inves\u00adtors. The imple\u00admen\u00adta\u00adtion of this process, which was deve\u00adlo\u00adped in a trans\u00adpa\u00adrent process toge\u00adther with inde\u00adpen\u00addent orga\u00adniza\u00adti\u00adons, demons\u00adtra\u00adtes our commit\u00adment to deploy\u00ading capi\u00adtal in a way that makes a measura\u00adble contri\u00adbu\u00adtion to addres\u00adsing the envi\u00adron\u00admen\u00adtal and climate chal\u00adlenges of our time.\u201d<\/p>\n
About the O+ ESG strategy<\/strong><\/p>\n Eura\u00adzeo\u2019s sustaina\u00adbi\u00adlity stra\u00adtegy, called \u201cO+\u201d, was laun\u00adched in 2020 and has two main components:<\/p>\n A net zero carbon emis\u00adsi\u00adons target for Eura\u00adzeo as well as its port\u00adfo\u00adlio compa\u00adnies by 2040. The Company is guided by the crite\u00adria of the Science Based Targets initia\u00adtive. This goal will be achie\u00adved by inves\u00adt\u00ading in low-carbon compa\u00adnies, redu\u00adcing carbon costs and risks in the port\u00adfo\u00adlio, and measu\u00adring the carbon foot\u00adprint throug\u00adhout the invest\u00adment cycle. Eura\u00adzeo is the only private equity company listed in the indi\u00adces of the five leading rating agen\u00adcies for non-finan\u00adcial crite\u00adria. With an AA rating in MSCI\u2019s ESG ranking (as of March 2020), Eura\u00adzeo is among the top 20 percent of best-rated compa\u00adnies, above the indus\u00adtry average. In 2020, Eura\u00adzeo also achie\u00adved the maxi\u00admum score (A+) in the four PRI (Prin\u00adci\u00adples for Respon\u00adsi\u00adble Invest\u00adment) assess\u00adment cate\u00adgo\u00adries rele\u00advant to its busi\u00adness: Stra\u00adtegy & Gover\u00adnance, Private Equity (indi\u00adrect), Private Equity (direct) and Fixed Income (direct). In each of these cate\u00adgo\u00adries, Eura\u00adzeo\u2019s scores are thus above the median for the sector.<\/p>\n About Eura\u00adzeo Eura\u00adzeo has offices in Paris, New York, Sao Paulo, Seoul, Shang\u00adhai, London, Luxem\u00adbourg, Frank\u00adfurt, Berlin and Madrid. Eura\u00adzeo is listed on Euron\u00adext Paris.<\/p>\n","protected":false},"excerpt":{"rendered":" Paris\/ Frank\u00adfurt am Main \u2014 Eura\u00adzeo laun\u00adches Sustainable Mari\u00adtime Infra\u00adstruc\u00adture, a thema\u00adtic fund to finance envi\u00adron\u00admen\u00adtally friendly infra\u00adstruc\u00adture and tech\u00adno\u00adlogy in the mari\u00adtime sector. The Fund enables sustainable deve\u00adlo\u00adp\u00adment as defi\u00adned in Article 9 of Regu\u00adla\u00adtion (EU) 2019\/2088 (known as the \u201cDisclo\u00adsure Regu\u00adla\u00adtion\u201d) and thus directly contri\u00adbu\u00adtes to Eura\u00adzeo\u2019s ESG stra\u00adtegy called \u201cO+\u201d, through which [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":37192,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369],"tags":[],"class_list":["post-43466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors","news-category-deals-news-en"],"yoast_head":"\n
\nPromo\u00adting grea\u00adter inclu\u00adsion and soli\u00adda\u00adrity by achie\u00adving at least 40 percent leader\u00adship of the under\u00adre\u00adpre\u00adsen\u00adted gender at Eura\u00adzeo as well as its port\u00adfo\u00adlio compa\u00adnies, estab\u00adli\u00adshing systems to ensure that all stake\u00adhol\u00adders bene\u00adfit from the value crea\u00adted by Eura\u00adzeo\u2019s invest\u00adments, and initia\u00adti\u00adves to improve access to health\u00adcare and promote equity and philanthropy.<\/p>\n
\n<\/strong>
\nEura\u00adzeo is a leading inter\u00adna\u00adtio\u00adnal invest\u00adment company mana\u00adging \u20ac21.8 billion in assets across a diver\u00adsi\u00adfied invest\u00adment port\u00adfo\u00adlio of more than 450 compa\u00adnies. 15.0 billion euros of the assets under manage\u00adment came from invest\u00adment part\u00adners. With its compre\u00adhen\u00adsive exper\u00adtise in private equity, real estate and private debt, Eura\u00adzeo supports compa\u00adnies of all sizes. A team of nearly 300 profes\u00adsio\u00adnals with deep sector exper\u00adtise as well as access to global markets supports the deve\u00adlo\u00adp\u00adment of the port\u00adfo\u00adlio compa\u00adnies and provi\u00addes them with a respon\u00adsi\u00adble and stable growth plat\u00adform. The solid share\u00adhol\u00adder struc\u00adture, consis\u00adting of insti\u00adtu\u00adtio\u00adnal inves\u00adtors and family share\u00adhol\u00adders, in combi\u00adna\u00adtion with a robust balance sheet without struc\u00adtu\u00adral debt and a flexi\u00adble invest\u00adment hori\u00adzon allow Eura\u00adzeo to accom\u00adpany port\u00adfo\u00adlio compa\u00adnies over the long term.<\/p>\n