Climate Transition Plan

As a leading private equity investor in the European energy industry, HitecVision’s objective is to create value by developing and building profitable portfolio companies and, on this basis, generate superior returns for its investors. HitecVision believes that by integrating sustainability considerations into our investment activities, we can improve the long-term performance of our portfolio companies as well as the alignment between investors and society at large.

HitecVision has elected to set GHG targets that cover the companies in our funds. To support our target setting, we have used the Net Zero Investment Framework (NZIF) – 2.0 Target Setting Protocol for Private Equity devised by the UN backed Institutional Investors Group on Climate Change (IIGCC). This framework is designed to provide private equity firms with a pragmatic net zero target setting framework that accounts for the level of influence over portfolio companies and financed emissions.

With the aim of maintaining a resilient and future-proof portfolio, HitecVision commits to leveraging our influence as an asset manager in an effort to reach the following net zero alignment targets for our funds’ portfolio companies: 30% managed in alignment with net zero by 2030, 80% by 2040, and 100% by 2050.

HitecVision commits to ensuring that all our funds’ portfolio companies are informed of HitecVision’s net zero alignment targets. All portfolio companies shall also be informed within one year of our aim to have the company managed in alignment with net zero. To achieve our climate mitigation targets, we are dedicated to maintaining progress with our existing mitigation actions while implementing new initiatives, in line with our level of influence within our portfolio companies, defined by our percentage share and number of board seats within the portfolio company.

Our five key climate mitigation levers and actions are:

1. Investing in the energy transition
2. Navigating net zero alignment of new investments
3. New portfolio engagements
4. Divestment from fossil fuels by 2030
5. Advancing decarbonisation in high-emitting portfolio companies

Download the full strategy here.

HitecVision is a signatory to the Net Zero Asset Managers Initiative.