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NextEnergy Solar Fund notes sustainable development goals report from investment manager

Published: 09:12 25 Jan 2021 GMT

NextEnergy Solar Fund - NextEnergy Solar Fund notes sustainable development goals report from investment manager

NextEnergy Solar Fund Limited (LON:NESF) said its investment manager, NextEnergy Capital Group (NEC), has released a report outlining its 2020 sustainable development goals (SDG).

"The events of the past year have further illuminated that beyond financial performance, the health of the environment, the people, and the local communities in which we operate is paramount. We started reporting on our impacts against the UN Sustainable Development Goals (SDGs) in 2019 and have utilised them as the basis for our corporate sustainability framework”, NEC’s head of environmental, social and corporate governance (ESG) Giulia Guidi said in a statement.

READ: Investment continues to shine on UK solar after 27% capacity growth in 2020

“We believe the [coronavirus] pandemic has served to emphasise the acute comprehensiveness and continued relevance of the SDGs. The goals holistically conceptualise the interplay between environmental, social, and governance factors; a sentiment that is reflected in our values as a company. Our work with the NextEnergy Foundation facilitates our mission to have a positive social impact beyond our core business operations. This mission has generated strong momentum and has increased our alignment with the SDGs. Over the last year we have improved the way we measure our funds' contribution to climate mitigation, but also on water management, biodiversity, labour conditions, health and safety, and community engagement”, she continued.

“Through the Foundation, our contributions to numerous initiatives have helped to alleviate the side-effects that the pandemic has had on families and children in the UK, Italy, Nepal, Malawi, Zambia, and Uganda. As we look to the year ahead, it is clear that improving our developments across all areas of the SDGs is imperative. We will continue to monitor, measure and manage our contribution to the SDGs, and look forward to updating stakeholders on our progress", Guidi concluded.

The SDG report is available here.

Shares in NextEnergy Solar rose 1.2% to 104.4p in early trading on Monday.

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