Corporate News

Encavis Infrastructure Fund IV enables investments in renewable energy as a dark green Article 9 fund according to SFDR

• Focus on savings banks and cooperative banks
• Specialised risk management in accordance with banking regulations and MaRisk
• Confirmation as dark green Article 9 fund according to SFDR

Neubiberg/Luxemburg, 19 September 2023 – As part of the challenging implementation of Stage 2 of the Sustainable Finance Disclosure Regulation (SFDR), there has been a wave of downgrades from Article 9 funds to Article 8 funds since September 2022. However, the classification of the Encavis Infrastructure Fund IV (EIF IV), as a dark green Article 9 fund, which has been in place since the fund's launch, remains unchanged. The special fund is offered exclusively to banks and savings banks, and the categorisation underscores the fund's commitment to sustainable investments and highlights its long-term focus on environmental and social sustainability. Hence, by being categorised under Article 9 of the SFDR, the EIF IV meets the highest sustainability and transparency requirements for proprietary investment.

The EIF IV, which invests exclusively in renewable power generation assets, focuses on a balanced diversified portfolio and actively contributes to reducing CO₂ emissions and promoting sustainable energy supply. SFDR compliance ensures that the EIF IV discloses clear and understandable information about its sustainability objectives and measures. The special fund is distributed exclusively by BayernLB to savings banks and cooperative banks.

"Maintaining the classification of EIF IV as an Article 9 fund is a significant milestone and underlines our objective to consciously offer sustainable solutions to our investors. This step enables us to further drive our growth and consolidate our position as one of the leading providers of sustainable investment opportunities," comments Karsten Mieth, Spokesman of the Management Board of Encavis Asset Management AG, on the fund's proven continuity.

Ralf Rosenbaum, spokesman of the Management Board of BayernInvest Luxembourg S.A., that launched and manages the fund as AIFM, states: "We are very pleased that the intensive and targeted cooperation with Encavis Asset Management AG, is bearing fruit so successfully and investors can be offered an attractive product in the field of sustainable energy supply and CO₂ reduction.”

 

Encavis Asset Management AG
Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growth market of Renewable Energies. The Company has been successfully investing in this sector since 2006, covering the entire value chain from asset sourcing to the operational management of investments.

Encavis Asset Management AG is a wholly owned subsidiary of MDAX-listed Encavis AG (ISIN: DE0006095003, Prime Standard, Ticker symbol: ECV) and, as part of the Encavis Group, benefits from their many years of experience and broad industry network. Encavis AG is one of the leading independent power producers (IPPs) in the field of Renewable Energies in Europe. The Encavis Group's installed capacity currently adds up to more than 3.5 gigawatts (GW), of which more than 2.1 GW is provided by Encavis AG. This corresponds to a total saving of around 0.8 million tonnes of CO₂ per year stand-alone for the Encavis AG.

Another Group member company is Stern Energy S.p.A., based in Parma, Italy, a specialised provider of technical services for the installation, operation, maintenance, revamping and repowering of photovoltaic systems across Europe.

Encavis is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with "A" and ISS ESG with their "Prime" label.

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BayernInvest: Unternehmensinformation
As an asset manager and German ESG specialist, BayernInvest offers customised investment and risk management concepts, professional fund administration and market-leading sustainability reporting. BayernInvest Luxembourg S.A. also implements complex investment strategies in the area of alternative asset classes via its alternative investment platform. With a volume of around EUR 90 billion under management (as of 30.06.2023) and as a wholly owned subsidiary of BayernLB, BayernInvest has regional roots with an eye on international market developments. We make sustainability profitable. And profitability sustainable.

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Your Contacts:

Encavis AG       
Tanja Van den Wouwer      
Head of Sustainability & Communications
Phone 0 25         

BayernInvest
Ralf Rosenbaum
Spokesman of the Management Board
Phone 0

BayernInvest Press Contact
Doris Marwede
Tel. 60