Our ESG responsibilities are executed through various teams and committees.
The investment and asset management teams embed ESG practices into their investment decision making and ongoing management of assets.
Schroders Greencoat’s ESG Committee covers ESG governance, policies and practices across all the businesses that it manages.
Greencoat UK Wind’s Investment Committee is responsible for considering sustainability risks as part of investment decision making.
Schroders Greencoat’s Risk Management Committee is responsible for monitoring risks associated with the portfolio, including sustainability-related risks.
Greencost UK Wind's Board of Directors is responsible for the overall oversight of ESG management for the Company.
Due diligence
ESG integration aims to enhance the risk and return profile of the Company by incorporating sustainability considerations into the traditional investment analysis process. This approach focuses on maximising the positive impacts of our investments, such as renewable electricity production, which supports the net zero transition through the avoidance of greenhouse gas emissions, while removing or mitigating any material negative effects or risk.
| ESG factors are documented during due diligence, and the Investment Committee considers these, along with any mitigation plans, prior to making investment decisions. |
| Specifically, Investment Committee papers include a dedicated ESG section that covers the key sustainability risks and opportunities. |
Operating the asset
After we invest in an asset, a representative from the Manager will take at least one seat on the board of each special purpose vehicle (SPV) and oversee all major strategic and operational decisions.
| Where ownership rights permit, we aim to implement our own or the Manager’s policies and practices and responsible business management. |
| We also regularly report and monitor ESG performance across all our assets. |
Engagement
With over a decade of experience in the UK listed renewable energy sector, we view engagement as a responsibility to actively promote sustainable practices throughout the industry.
| Our approach to engagement is proactive and purposeful, working with key stakeholders, ranging from local communities to investors, service providers, regulatory bodies and industry experts. |
| We seek to engage and build strong, long-term relationships with high-quality, experienced third parties to maintain service consistency and standards. Discussions with relevant stakeholders are regular and dynamic, reflecting our commitment to maintaining open lines of communication and fostering collaborative relationships. |
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