Hamburg, June 22, 2022
Luxcara, one of the most experienced renewable energy asset managers in Europe, has further elevated its ESG standards by receiving the highest possible rating for its Green Financing Framework. The framework allows companies advised by Luxcara to issue green bonds and enter into green loans in line with the Green Bond and Green Loan Principles determined by the International Capital Market Association (ICMA). This further develops and complements Luxcara’s strong sustainability strategy in line with the EU Taxonomy and Sustainable Finance Disclosure Regulation (SFDR). The review was conducted by one of the leading providers of second-party opinions of green bonds, Cicero Shades of Green.
Cicero’s methodology “Shades of Green” classifies the frameworks between Dark, Medium, and Light Green, with Dark Green being the strongest. Luxcara’s Dark Green classification is based on an in-depth review of the company’s ESG standards with a focus on governance, including internal and external policies, the selection process for new investments, the management of proceeds and reporting standards.
“We are proud of having obtained this positive recognition of our Green Financing Framework by Cicero. This enriches our vast offering of attractive sustainable debt investment opportunities for our investors even more”, states Dr. Alexandra von Bernstorff, Managing Partner of Luxcara.
Due to the successful implementation of Luxcara’s Green Financing Framework, all bond and loan products that are already, or will be issued or entered into by companies advised by Luxcara are rated as green bonds or green loans in line with the relevant principles.
Luxcara is an independent asset manager offering equity and debt investment opportunities to international investors in the global renewable energy market. The management-owned company acquires, structures, finances and operates renewable energy and related infrastructure projects as a long-term buy-and-hold investor. Luxcara’s longstanding focus on unsubsidized markets has made the company Europe’s most prominent investor in projects with long-term power purchase agreements.
The company’s portfolio includes clean infrastructure across Europe with a total capacity of more than 4 GW and an investment volume exceeding EUR 4bn. This track record, dating back to 2009, makes Luxcara one of the continent’s most experienced asset managers for renewable energy investments.
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Media contact for Luxcara:
GFD - Gesellschaft für Finanzkommunikation mbH
T: +49 69 97 12 47 34