Aquila European Renewables Income Award of 4 star GRESB Green Rating (0390T)
November 22 2021 - 01:00AM
UK Regulatory
TIDMAERS TIDMAERI
RNS Number : 0390T
Aquila European Renewables Income
22 November 2021
22 November 2021
Aquila European Renewables Income Fund awarded 4-star GRESB
Green Rating
Aquila European Renewables Income Fund PLC ('AERIF') t oday
announced the results of its first annual GRESB Assessment for
2021.
The GRESB Assessment is an objective investor-driven global ESG
benchmark and reporting framework assessing the performance of real
estate and infrastructure funds, companies, and assets. The results
provide investors with standardised data to help evaluate complex
sustainability issues. GRESB is an important industry benchmark as
it can help to protect shareholder value by evaluating and
improving the sustainability performance of real assets , on a sset
level (operating assets only) and portfolio level.
In its first year of participating in the GRESB assessment,
AERIF achieved a four out of a five-star rating . W ith an overall
GRESB Score of 84 the fund scores above the GRESB average of 77
points.
At portfolio level, the rating shows a particularly strong
performance in Stakeholder Engagement and Leadership compared to
the peer group. At asset level, meanwhile, the rating recognises
AERIF's strong policy frameworks as well as its performance in
resource and emission management including water, Greenhouse Gas
Emissions and Energy.
Ian Nolan, chair of Aquila European Renewables Income Fund PLC,
said: "Given the high importance of this global assessment, we are
pleased to have been awarded a 4-star GRESB rating in our first
year of participation . AERIF's objective is to provide investors
with a truly diversified portfolio of renewable assets and we
appreciate that our efforts are seen and valued through this
objective, external review. Performing so strongly in our first
year, we are even more motivated than before to growing our fund
further based on our vision and ESG principles".
The rating further demonstrates that Aquila Capital , the funds'
adviser , is well equipped with its group wide policy framework and
in-house asset management to enable strong performance in
stakeholder engagement, risk management and leadership in ESG.
Aquila Capital will continue to improve its systems and frameworks
leading to potentially even better GRESB ratings and performance in
the coming years.
Established by investors in 2009, GRESB is used by more than 140
institutional investors to monitor their investments, engage with
their managers and make informed decisions. Currently, the
portfolios of more than 1,500 real estate companies, REITs, funds
and developers and more than 700 infrastructure funds and asset
operators participate in GRESB Assessments. This broad market
coverage provides investors with ESG data and benchmarks for more
than $6.4 trillion worth of assets under management.
For further details contact:
Media contacts:
Smithfield Consultants
Ged Brumby | 020 3047 2527
John Kiely | 020 3047 2538
Andrew McLagan | 020 3047 2006
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
Vicki Paine
NOTES
About AERIF
Aquila European Renewables Income Fund plc ("AERIF" or the
"Company") is a London-listed renewable energy infrastructure
investment company with the aim to provide investors with an
attractive long-term, income-based return in EUR through a
diversified portfolio of hydropower, onshore wind and solar PV
investments across continental Europe and Ireland. Through the
diversification of generation technologies, the seasonal production
patterns of these asset types complete each other to balance the
cash flow, while the geographic diversification serves to reduce
exposure to one single energy market. AERIF is targeting 5.0 cents
per ordinary share in relation to the financial year ending 31
December 2021, with the aim of increasing this dividend
progressively over the medium term.
Further details can be found on AERIFs website at
www.aquila-european-renewables-income-fund.com
About GRESB
Created in 2009, GRESB is the global ESG benchmark for financial
markets. In 2021, GRESB BV - a benefit corporation - began the
process of establishing an independent, not-for-profit GRESB
Foundation to own and govern the standards upon which GRESB
Assessments are based. The GRESB Infrastructure Asset Assessment
provides the basis for systematic reporting, objective scoring and
peer benchmarking of ESG management and performance of
infrastructure assets around the world. Both single and multi-asset
operators can participate and the process leads to deep data
insights for investors, fund managers and asset operators. The data
is self-reported by Assessment participants between April 1 and
July 1 each year and subjected to a multi-layer validation process
after which it is scored and benchmarked. The result is
high-quality data that investors and participants can use in their
investment and decision-making processes.
Further details can be found on GRESB s website at
https://gresb.com/nl-en/infrastructure-asset-assessment/
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