As long-term investors and investment managers of renewable energy and sustainable infrastructure assets, NTR is committed to using environmental, social and governance ("ESG") principles to assess and mitigate risk, to identify opportunities for impact investing and for the responsible stewardship of its investments.
NTR takes a responsible investment approach to investment analysis, investment decision making and managing our sustainable infrastructure assets.
Underpinning our commitment to ESG, NTR is an active supporter and signatory of a number of sustainability initiatives and a leading advocate of sustainable investing across multiple public fora.
NTR are members of Wind Energy Ireland, Energy Storage Ireland, Irish Solar Energy Association, Renewable Northern Ireland, France Energie Eolienne (France), Syndicat des énergies renouvelables (France), Svensk Vindkraft (Sweden), Pohjanmaan kauppakamari (Finland), UN Global Compact and UN Principles of Responsible Investment. NTR participates in these associations to understand and shape policy.
To access our ESG Policy, please click here.
NTR is a signatory of UNPRI and commits to UNPRI’s six principles that better align investors with broader objectives of society. NTR undertakes an annual assessment by UNPRI. NTR’s responsible investing transparency report is available on the UNPRI website, which can be found here.
The six principles were developed by an international group of institutional investors that was convened by the United Nations Secretary-General.
In signing up to the principles, we as investment managers publicly commit to adopt and implement them, where consistent with our fiduciary responsibilities. We also commit to evaluate the effectiveness and improve the content of the principles over time. We actively promote and encourage others to adopt the principles.
United Nations Sustainable Development Goals
In 2015, world leaders gathered at the United Nations ("UN") to adopt 17 Sustainable Development Goals ("SDGs") to achieve several objectives by 2030: end poverty, promote prosperity and well-being for all, and protect the planet. The UN Sustainable Development Goals have been adapted by 193 countries.
NTR has identified that 12 of the SDGs are particularly pertinent to the Company and its investments and in its policy, NTR sets out our aims for each area. The way in which NTR adopts each principle is set out in the NTR ESG policy, which can be accessed by following the link here.
Task Force on Climate-related Financial Disclosures
The Task Force on Climate-related Financial Disclosures (“TCFD”) was established by the Financial Stability Board of the G20 to develop a set of voluntary disclosure recommendations for use by companies in providing consistent information to investors, lenders and insurance underwriters about their climate-related risks.
NTR has assessed its investments against these risks spanning transition risks, physical risks, resource efficiency and other risk factors. To access our assessment of TCFD (Task Force on Climate-Related Financial Disclosures) on our investments, please click here.
United Nations Framework Convention on Climate Change
The Paris Agreement is a legally binding international treaty on climate change adopted by 196 Parties and entered into force in 2016. Its goal is to limit global warming to well below 2°C and preferably to 1.5°C, compared to pre-industrial levels.
To achieve this long-term temperature goal, countries are committing to year-on-year greenhouse gas emission reductions to achieve a climate neutral world by mid-century.
NTR supports the Paris Agreement. It does this through the deployment of funds that are specifically dedicated to renewable energy (wind energy, solar energy and energy storage) projects throughout Western Europe, which help displace carbon emissions.
For more information on the extent to which NTR investments help displace emissions, please read the latest ESG Annual Report which can be accessed here.