29/01/2025
Given the urgency of the climate crisis, it is crucial that decisions across CapMan are made in a climate-conscious manner. We believe that investors and companies play an important role in the shift to a low-carbon world. Transitioning assets towards net-zero is essential to build resilience, maintain and enhance value. At the same time, the transition towards a low carbon economy unlocks new opportunities. Understanding this shift and taking concrete, science-based measures on the road to net-zero, are key to continue creating financial value.
At CapMan we actively work to reduce our climate impact both in our own operations, and through our fund investments, which is where we can achieve the most substantial results. In 2023 this affected more than 220 properties spanning 1.7 million square meters, 250,000 hectares of land and timber and 46 portfolio companies in diverse industries, with approximately 14,500 employees.
We are committed to reaching net-zero emissions for all investments by 2040, a decade ahead of the global target of 2050. Further, we are committed to reaching in-use operational net-zero emissions within our real estate portfolio by 2035.
“By transitioning our assets towards net-zero, we not only build resilience but also create financial value and contribute to developing the society we want to live in. Put simply, we do this because it makes sense.”
Pia Kåll, CEO at CapMan
To align our activities with our net zero-commitment, we seek to reduce emissions in the near-term both in our own operations and throughout our portfolio in line with the Science Bases Targets Initiative (SBTi).
CapMan’s long-term targets are:
- Net-zero emissions for all investments by 2040
- In-use operational net-zero emissions within the real estate portfolio by 2035
On CapMan Group level, our near-term target is to:
- Increase the use of renewable energy to 100% by 2030
- Reduce absolute Scope 1 and 2 GHG emissions 51% by 2032
- Reduce GHG emissions from business travel by 25% per full time employee by 2032, compared to 2023
On fund level, our near-term target is to:
- Have 54.5% of eligible portfolio companies set SBTi validated targets by 2027 and 100% by 2032, from a 2021 base year
- Reduce residential Real Estate portfolio emission intensity 50% and commercial buildings emissions by 72% by 2032, from a 2021 base year
- Decrease energy intensity from real estate 26% by 2032, from a 2021 base year
Read more about our latest achievements within sustainability and how we make things happen in our Annual and Investments Sustainability Reports, linked on the right.
Establishing a comprehensive and systematic approach
By utilizing third party assessments like Carbon Risk Real Estate Monitor (CRREM), CapMan’s proprietary sustainability value creation and due diligence tool, and the latest scientific research in assessing carbon footprint, we work to reduce emissions and create sustainable value that translates to financial returns throughout the investment lifecycle.
Accelerating science-based climate action
With €6 billion in assets under management, including 220 properties totaling 1.7 million square meters and 250,000 hectares of land and timberland, we make a significant impact on society through our investment portfolio.
Moving forward, we are committed to proceed on the 1.5 °C pathway in line with SBTi. Our aim is to validate the long-term net-zero commitment for all investments with the SBTi.
