CapMan Plc press release
21 May 2025 at 09:00 EEST
Making sustainability happen – CapMan’s Investments Sustainability Report for 2024 is published
CapMan has published its report detailing the sustainability development of its investments for 2024. The Investments Sustainability Report includes sustainability information by investment area and presents the progress towards CapMan’s sustainability targets.
CapMan’s vision is to become the most responsible Nordic private asset company, and we are actively shaping the society through the investments we make. As an active and significant owner, we are ideally positioned to drive change towards well governed, environmentally, and socially sustainable businesses and assets. Our impact comes through decisions, target-setting and finding opportunities to mitigate societal and environmental challenges.
Highlights from the report
Climate action based in science
- The Real Estate near-term GHG reduction targets for Residential investments, validated by the Science Based Targets initiative (SBTi) were reached in 2024, ahead of the 2032 target. Our investments in geothermal heating, transition to renewable energy and investments in energy efficiency measures helped us reduce the GHG intensity by 63% compared to 2021.
- Our Commercial Property investments are on track toward the near-term science-based targets, and are following a linear reduction, with the GHG intensity reduced by 37% compared to 2021.
- We have increased the share of EU Taxonomy aligned properties with climate change mitigation as the objective, in our portfolio to 36% in 2024, from 18% 2023 and the share of buildings with green building certification has increased to 68% in 2024, from 40% in 2023.
- We have aligned our first Infrastructure portfolio company to the EU Taxonomy, Skarta Energy.
- The total carbon sequestration of Natural Capital’s managed forests in 2024 amounted to 462 thousand tCO₂e. This is equivalent to compensating the carbon footprint of about 45,000 persons in Finland or 1.3 million average long-haul flights.
Operations that safeguard nature and the planetary boundaries
- Share of Forest Stewardship Council (FSC) and/or the Program for the Endorsement of Forest Certification (PEFC) certified forests by hectare in our Natural Capital funds are 97%.
- The recycling rate of our Real Estate portfolio increased to 49% in 2024, making progress towards our 60 % target in 2026.
Diverse, equitable and inclusive business that provide meaningful work
- Share of women appointed by CapMan to boards and management (independent) in our Infrastructure and Private Equity portfolio companies during 2024 were 30%, in line with our target.
- 74% of our Infrastructure and Private Equity portfolio companies have implemented Diversity, Equity and Inclusion policies.
Human rights throughout the value chain
- 74% of our Infrastructure and Private Equity portfolio companies have implemented Human Rights policies.
Accountability and transparency
- During 2024 we increased the number of funds that have five stars in GRESB to three funds: CapMan Hotels II, CapMan Nordic Property Income and CapMan Infrastructure I. For CapMan Infrastructure II, we received five stars for development and three stars for operational. The remaining Real Estate funds have 4 stars.
- 37% of our Infrastructure and Private Equity portfolio companies have executive remuneration linked to sustainability.
“At CapMan, we drive transition for our assets based in materiality, and integrate sustainability into our properties’ and portfolio companies’ business plans. Key to success is to constantly evolve our sustainability approach to ensure we are aligning with the latest science, staying ahead of regulations and meeting stakeholder expectations, and most importantly, figuring out concrete ways to implement sustainability at asset level. There are no short cuts, real transition means meeting the properties and portfolio companies at their maturity level and understanding their specific circumstances,” says Anna Olsson, CapMan’s Head of Sustainability.
The Investments Sustainability Report presents information for the period 1 January–31 December 2024 and includes the sustainability performance of CapMan’s Real Estate, Infrastructure, Natural Capital and Private Equity funds, as well as assets and portfolio companies. Additional information about targets, processes and developments at CapMan and across our portfolio is available at www.capman.com/sustainability.
Contact details:
Anna Olsson, Head of Sustainability, tel. +46 73 387 75 61
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. Learn more at www.capman.com.