Our vision is to be the most responsible
Nordic private asset company
making sustainable change happen
At CapMan, sustainability is a driver of resilience and long-term value creation. We integrate environmental and social factors throughout the investment lifecycle because resilient businesses contribute to better outcomes for our investors, assets, and the communities where we operate. By strengthening both environmental and social foundations, we help future-proof investments, improve adaptability in a changing world, and support long-term performance.
Our approach
Active ownership that drives change
We use our position as an active owner to mitigate the environmental and social impacts of our assets and portfolio companies, and to build their resilience against sustainability-related risks. Where those risks and today’s challenges represent unmet needs, we help our assets and portfolio companies identify and seize the opportunities, turning current environmental and social pressures into sources of long-term value. So, we start by assessing where environmental and social factors carry the most weight, and we direct our ownership efforts accordingly.
Resilience is built through an understanding of the asset specific environmental and social factors that influence long-term performance, combined with active ownership that helps our assets and portfolio companies adapt, grow, and create lasting value.
ANNA OLSSON – HEAD OF SUSTAINABILITY – CAPMAN
Long-term value creation depends on healthy businesses, thriving communities, and the natural systems on which economies and societies depend. As investors, we are accountable to create lasting value for both investors and society.
pia kåll – ceo – CAPMAN
Building resilience
Resilience is the ability to anticipate change, adapt to disruption, and create lasting value. At CapMan, we strengthen resilience by embedding inclusion and integrating nature considerations into investment decision-making, asset management, and portfolio development. By doing this, we support the movement towards societies in harmony with nature where people can thrive.
Nature
We invest in and manage assets and portfolio companies in ways that protect and enhance nature and biodiversity while reducing exposure to climate- and resource-related risks. Our approach relies on science-based methodologies and applied academic research. Assessing the carbon footprint of our investments and operations is only the starting point. We are actively working to reduce our greenhouse gas (GHG) emissions as part of our near-term targets, validated by the Science Based Target initiative (SBTi).
As an early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD) framework, we integrate nature into how we govern, strategise, and manage risk across the portfolio. To make that practical, we have been developing proprietary tools that help us understand dependencies, measure and act on reducing the negative impacts on biodiversity and natural resources in our investments and operations.
Inclusion
We believe that resilient businesses depend on inclusive and well-functioning communities, workplaces, and customer relationships. By understanding what matters to tenants, communities, customers, and employees, we identify where improvements in access, fairness, and working conditions contribute to stronger occupancy, customer loyalty, operational continuity, and long-term license to operate.
We set and track measurable targets for board and management diversity and employee satisfaction because organisations with broader perspectives and stronger engagement are better equipped to adapt, innovate, and perform over time. Guided by UN principles, we assess human rights risks throughout the value chain and act on the findings. Through this work, we strengthen the social foundations that support long-term resilience and value creation.
Climate actions based in science
We use science-based targets (SBTi) to drive our climate action and reach our net-zero goal.
safeguard nature and the planetary boundaries
Aligned with TNFD, we create nature-related plans to safeguard planetary boundaries.
businesses that provide meaningful work
We foster diverse and inclusive businesses through DEI policies and board diversity targets.
human rights throughout the value chain
Guided by the UNGPs, we work to respect human rights throughout our entire value chain.
Accountability and transparency
We link sustainability to remuneration and report transparently in line with CSRD and SFDR.
Financial and sustainability value creation
Hands-on ownership. Measurable progress. We identify sustainability-related dependencies, risks and opportunities, based on which we help our assets and portfolio companies take practical steps that cut costs, improve efficiency, and strengthen governance. We then collect and track operational and financial data across the portfolio to measure progress against targets and inform ownership decisions. The goal is simple: more resilient assets and communities, stronger cash flows, higher equity values, and better exits.
Our team
Contact us
Anna Olsson
Disclosures and policies
This statement includes mandatory disclosures under Regulation of the European Parliament and of the Council on Sustainability-Related Disclosures in the financial services sector (EU) 2019/2088 (“SFDR”). Access our SFDR statement here.
CapMan SFDR Statement
Please click the link below to read Sustainable finance disclosures (SFDR) considering CapMan Wealth (in Finnish).
CapMan Wealth SFDR Statement
CapMan considers principal adverse impacts of its investment decisions on sustainability factors. The present statement is the consolidated principal adverse sustainability impacts statement of CapMan for the period from 1 January to 31 December 2024. Read the full statement below.
CapMan PAI Statement
CapMan Sustainable Investment Policy
CapMan Restriction List
CapMan Human Rights Commitment
CapMan has established and aligned its Climate and Nature Transition Plan in accordance with the latest TNFD guidance.
CapMan Climate & Nature Transition Plan
CapMan Code Of Conduct
CapMan Supplier Code Of Conduct
Initiatives and commitments
The Principles for Responsible Investing (PRI) initiative is an international network of investors working together to put the principles for responsible investment into practice. The initiative aims to help integrate ESG issues into investment practices. Every year the PRI signatories are evaluated against the implementation of these principles in their investment policies and practices.
CapMan has signed the Principles for Responsible Investing in 2012 and reports on the fulfilment of those principles in its investment activities annually.
Public Full Transparency Report CapMan Plc
Through its participation in UN Global Compact (UNGC), CapMan is committed to UNGC’s principles and promotes its fundamental values related to human rights, labour principles, the environment, and anti-corruption. CapMan respects, protects and promotes internationally proclaimed human rights in its operations. CapMan upholds the Universal Declaration of Human Rights (UDHR), UN Guiding Principles on Business and Human Rights (UNGP), International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at work, as well the Organisation for Economic Co-operation and Development’s (OECD) Guidelines for Multinational Enterprises.
The Science Based Targets initiative (SBTi) was established as a partnership between WWF, UN Global Compact, the Carbon Disclosure Project (CDP) and the World Resource Institute (WRI). SBTi drives ambitious climate action in the private sector and strives to curb the worst outcomes of climate change. CapMan has committed to the Science Based Targets initiative (SBTi) and set a short-term greenhouse gas emission reduction targets and has a net-zero commitment by 2040. CapMan Real Estate was part of the SBTi Building Pilot in 2024 and CapMan participated in the SBTi pilot for the Draft Financial Institutions Net Zero Standard.
Initiative Climat International (iCI) is a global community of private markets firms and investors that seek to better understand and manage the risks associated with climate change. CapMan has participated in developing a carbon neutrality road map together with other private market firms. The Private Markets Decarbonization Roadmap (PMDR) offers the private markets industry a joint approach to disclose the development of their GHG emissions. It is based on existing frameworks that curb climate change.
GRESB is a global provider of sustainability data and benchmarks for real assets. CapMan reports on the sustainability management and performance of its real estate and infrastructure funds according to the GRESB framework.
Carbon Risk Real Estate Monitor is an EU funded research project that aims at supporting the industry to tackle real estate carbon risk factors and foster investments in energy efficiency. CapMan Real Estate utilizes the CRREM tool to monitor its existing investments’ performance in alignment with the 1.5°C decarbonization and energy pathways.
CapMan is a member of the ILPA ESG Data Convergence Initiative that provides sustainability disclosures on private equity portfolio companies in a standardised format.
CapMan provides disclosures according to the recommendations of the Task Force for Climate-related Financial Disclosures (TCFD) and is prepared to provide disclosures according to the International Financial Reporting Standards (IFRS) S2 requirements for certain funds.
CapMan is an early adopter of the Task Force for Nature-related Financial Disclosures (TNFD).
TNFD Recommended Disclosures
CapMan Natural Capital is a signatory to the Finance for Biodiversity Pledge.
Memberships in industry organisations and networks
CapMan promotes sustainable practices in the Finnish private equity industry through the industry association FVCA.
CapMan promotes sustainable practices in the Swedish private equity industry through the industry association SVCA.
CapMan promotes sustainable practices in the European private equity industry through the industry association Invest Europe.
CapMan’s CEO, Pia Kåll, is the founder of the Nordic chapter of the Level 20 network and chair of the Finnish Level 20 committee. Level 20 is a not-for-profit organisation founded with the aim of improving gender diversity in the private equity industry.
CapMan is a member of INREV, the European Association for Investors in Non-Listed Real Estate Vehicles. INREV is Europe’s leading platform for sharing knowledge on the non-listed real estate industry.
CapMan Real Estate is a member of Green Building Council Finland, Denmark (Rådet for Bæredygtigt Byggeri) and Sweden and is part of developing the industry and society.
CapMan is a member of Swesif, a network organisation that promote sustainable investment in Sweden.
Latest sustainability updates
see all
Making Change Happen – Anna Olsson, Head of Sustainability
CapMan Real Estate advances sustainability performance across the board in GRESB 2025 – four funds awarded five stars
Making sustainability happen – CapMan’s Investments Sustainability Report for 2024 is published
Towards a sustainable society through active ownership – CapMan’s Investments Sustainability Report for 2023 is published
