Investing in improving our environment
At Kobus, we believe in investments that make an impact. Sustainable, socially responsible investments that start with selecting assets, and ensuring their profitability and commitment to the environment to generate a positive impact on society.
Because we are committed to the ins and outs of each investment.
What is sustainable investment?
Sustainable investment is an investment model that, in addition to seeking profitability, contributes to a more ethical, responsible world based on ESG criteria, i.e. environmental, social, and governance.
Sustainable investment funds are configured from a portfolio of carefully selected companies that incorporate the social and environmental aspects necessary to ensure people’s well-being.
Why invest in renewable energy and infrastructure?
In an increasingly urban context, where cities consume over 65% of energy worldwide (mainly for transport and heating) the energy sector plays a key role in our future and the planet’s.
The world is moving towards renewable energy and, at Kobus, we want to be involved in transforming the energy sector by offering our customers the opportunity to invest in the soundest, most solvent infrastructure in the current landscape.
With a very favourable growth forecast at global level, investing in renewable energy funds now means investing in stability and the future.
Sustainable investment evaluation framework
At Kobus, we have developed our own sustainable investment evaluation framework. This framework is designed in line with the technical guidelines and criteria defined by the EU Sustainable Taxonomy, created in the context of the Paris Agreement on Climate Change and the UN Sustainable Development Agenda.
Our evaluation framework constitutes a fundamental pillar in the investment strategy and policy of all our instruments and it establishes the procedures and standards we follow during the analysis, investment selection, and decision-making phases.
Sustainability analysis starts in the pre-investment phase, alongside the financial and operational analysis. We study each asset, ensuring it is aligned with the objectives of the EU Sustainable Taxonomy.
If it meets the specific metrics defined for each of the objectives, the asset will be eligible for investment.
To perform as exhaustive an analysis as possible, we perform a specific analysis process for each type of asset.
We also monitor the alignment and compliance of the metrics during the investment phase, covering the entire investment life cycle.
At Kobus, we are committed to the Principles for Responsible Investment and to the Task Force on Climate-Related Financial Disclosures, and we are signatories to both initiatives.
On the other hand, following our principles of transparency, all the reports that we periodically send to our investors include a description of the sustainable evaluation framework described above, together with the results of the evaluation carried out on the Investee Company.
In this regard, the information provided includes:
The Fund’s overall impact on sustainability through fulfilment of qualitative indicators defined by the Taxonomy
– The Fund’s overall impact on sustainability by measuring relevant quantitative indicators
We also include the following indicators, showing both the historical aggregate and the forecasts for each of our ESG investment instruments:
Reduction in tonnes of CO2
Renewable energy produced
Reduction in tonnes of SO2 and NOX
Equivalent number of trees prevented from being felled
The investment objective of our funds is aligned with the EU Sustainable Taxonomy.
The target investment technologies of Kobus’ funds mean they can be positioned at the high end in terms of SRI (socially responsible investment) evaluation metrics.
With these ESG products we expect to achieve benefits contributing to:
- Decarbonising the global, national, and local economy
- Reducing emissions of polluting substances
- Driving energy production costs down
- Fostering economic growth in depopulated rural areas
- Increasing employability in depopulated rural areas
Primary forecast metrics of Kobus Partners’ funds
The aggregated installed capacity of KRE III FCR and KRE IV SCR assets, once the investment phase is completed, is estimated at 500 MW, which will produce 1,000 GWh per year.
As a result, the main environmental metrics expected for the investment vehicles are as follows:
Green energy to supply 100,000 households
Reduction of 190,000 tonnes of CO2 annually
Equivalent to preventing the felling of 1,200,000 trees per year
Reduction of 300 tonnes of NOX and 500 tonnes of SO2 annually
SDG (UN) criteria with positive impact (9/17)
As for the other 8 goals, the expected impact of KRE III investments is neutral for 6 of them (1. No poverty, 2. Zero hunger, 4. Quality education, 5. Gender equality, 16. Peace, justice and strong institutions, and 17. Partnerships for the goals). As for the remaining two objectives (14. Marine ecosystems, and 15. Terrestrial ecosystems) the positive, neutral, or negative impact needs to be analysed project by project.
Kobus Partners Management SGEIC, S.A. (hereinafter “Kobus Partners”) is subject to Regulation
(EU) 2019/2088 on sustainability disclosures in the financial services sector, (hereinafter “SFDR”).
In the interest of transparency, the documents required under article 10 of the SFDR relating to
vehicles managed by Kobus Partners are published below: