ESG
AS A GLOBAL ENERGY TRANSITION INVESTMENT MANAGER, MITIGATING CLIMATE CHANGE IS PART OF OUR PURPOSE. WITH RENEWABLE ENERGY ASSETS ACROSS EUROPE, WE SUPPORT ECONOMIES TO CUT EMISSIONS AND REACH NET ZERO TARGETS.
INVESTING IN A NET ZERO FUTURE
ESG is critical to our business model, and we proactively embed environmental and social considerations in our decision-making, ensuring we are generating positive returns for investors whilst promoting a net zero future.
As a responsible investor, governance is also a key part of our strategy, ensuring we have the right processes and mechanisms in place to make robust and responsible decisions across our investment strategy. This is evidenced through our approach to risk management and by embedding ESG into our due diligence processes.
Vortex Energy’s success relies on the strength of its values and relationships with partners throughout the value chain – built on a foundation of transparency and respect.
Our strategy aims to continually improve the performance of our assets in a sustainable manner, as we invest in a net zero future.
ESG in Numbers
4.6 TWh
of clean energy produced
360 K
of households powered
4.5 mn
of CO2 displaced
Vortex I, II and, III, on the net stakes of 822MW to Vortex Energy have in total produced 4.6 TWh of clean energy, which is the equivalent of powering 360,618 households across the countries of operations and displaced 4.5 million tonnes of CO2 from the atmosphere, during the hold period. The projects seeded by Vortex Energy continue to operate today and will be for the next few decades, providing annual savings of CO2 emissions of approximately 1 million tonnes per year and power an equivalent of more than 100,000 households every year
Vortex IV flagship investment in Ignis Energia is expected to significantly expand Vortex Energy’s global impact by developing more than 10GW of clean energy projects globally, out of which a notable part will be held, constructed and operated by Ignis. Based on the short term business plan up to 2026, the projects that Ignis will hold are expected provide net savings of more than 45 million tonnes of CO2 to the environment in their lifecycle and power the equivalent of more than 4 million households annually.
ESG Framework
Supporting Sustainable and Ethical Supply Chains
The success of Vortex Energy’s assets relies on strong and stable supply chains, built on a foundation of respect for value chain workers, transparency and responsible sourcing.
›› Partnering to drive ethical practices
›› Sourcing materials responsibly
›› Supporting supply chain workers
TOPICS ADDRESSED
›› Human Rights
›› Supply Chain Management
›› Materials Sourcing and Lifecycle Management
›› Health and Safety
Promoting a Net Zero Future
Vortex Energy’s purpose is to support and drive the energy transition through investment which mitigate climate change impacts
›› Investing in the energy transition
›› Mitigating climate change
›› Reducing the footprint of our assets
TOPICS ADDRESSED
›› Climate Change
›› Renewable Energy Production
›› GHG Emissions and Energy Management
Responsibility Towards Our Communities
Vortex Energy is passionate about uplifting and protecting the communities and environments it operates in, across the value chain.
›› Uplifting our communities
›› Protecting local environments
›› Driving positive impact across our operations
TOPICS ADDRESSED
›› Community Relations
›› Ecological Impacts and Biodiversity
Any reference to “Vortex Energy” shall, as the context may require, be interpreted as a reference to(i) Beaufort Management Limited, in its capacity as portfolio manager in respect of the assets of Vortex Energy IV, SCSp or directly to (ii) Vortex Energy IV, SCSp (the “Fund”).
The Fund follows an investment strategy that focuses on global energy transition and sustainability. The Fund seeks to invest in projects and companies in different jurisdictions that contribute to mitigating climate change, promoting renewable energy sources and transitioning to a low-carbon economy. As at the date of this website disclosure, the Fund’s partnership agreement neither sets as its investment objective nor commits to engage in sustainable investments as defined in Art. 2 para. 17 of the SFDR or environmentally sustainable economic activities as defined in Art. 3 of the EU Taxonomy (article 8 according to SFDR classification).
Investments are subject to comprehensive ESG due diligence and risk assessment screenings. Vortex Energy implements also continuous monitoring and reporting assessments and uses an ESG questionnaire for every investment opportunity. The data monitoring is based on data from portfolio companies gathered by Vortex Energy. Data quality is ensured by Vortex Energy’s safeguarding before and after the investment process. The Fund relies on data from portfolio companies gathered by Vortex Energy.
The Fund does not use any reference benchmark or indices to track the performance of investments, to deploy capital contributions received from limited partners or to allocate assets in its portfolio. However, Vortex Energy may use various reference benchmarks or indices as a point of comparison to assess the environmental or social characteristics of its investments.