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Investment Process

  • Initial Screening & Exposure Analysis
  • Company Earnings and Balance Sheet Analysis
  • Carbon Analysis (Hurdles and Targets)
  • Investment Committee Review
  • Portfolio Construction and Review
  • The Sell Decision (exit price based on 5yr EPS and exit multiple)

Primary Data Sources

  • Annual Reports and Investor Meetings Sustainability Reports
  • Reporting carbon emissions (vs 1.5c scenario)
  • Understanding Scope 3 emissions
  • Leading to Fund Carbon Intensity and Emissions disclosure
    • Absolute and relative to benchmark
    • Scope 1&2 with estimate Scope 3

ESG Analysis

  • Proprietary ESG ranking tool (A-E)
  • Assess short term risks vs long term opportunities
  • Use of third party rating agencies (MSCI ESG, Sustainalytics, CDP)

Engagement

  • Average 4-6 management/Government meetings per company per year
  • Executive compensation tied to targets
  • Tackling of delivered emissions
  • Capitalising on Clean Energy opportunities

Proprietory Investment & ESG Research

Private Capital
Project Selection

Asset Class

Member State

Return Profile

Wind

Solar

Hydrogen

Storage

Other

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Republic of Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
15% IRR Hurdle
Access to Funding
Project Leverage
Project Maturity

Carbon
Tracker

First Net Carbon Tracker

Parts per million CO2 in the atmosphere

Get in touch

We are on hand to help you learn more
about First Net Zero and our funds.

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