FGEN seeks to invest in projects that manage the availability of natural resources, whether through utilisation of renewable resources, increasing resource or energy efficiency or reusing or recovering waste.
Key statistics
c.1,358
GWh green energy delivered by portfolio in 2023/24
>212,917
CO2e emissions avoided
>284,074
UK homes could be powered by electricity generated
United Nations Sustainable Development Goals
Mapping FGEN’s portfolio against the United Nations Sustainable Development Goals
The United Nations Sustainable Development Goals (“SDGs”) are a set of 17 goals for sustainable development.
To be achieved by 2030, they recognise that ending poverty must go hand-in-hand with strategies that build economic growth and address a range of social needs including education, health, social protection and job opportunities, while tackling climate change and environmental protection. FGEN has mapped its portfolio against the SDGs and the results of this analysis is set out in the Sustainability and ESG Report.
SFDR
Sustainable Finance Disclosure Regulation
FGEN is considered to be an Article 9 product for the purposes of the EU Sustainable Finance Disclosure Regulation (“SFDR”). The Company has a climate change mitigation objective and supports the transition to a low carbon economy by virtue of investing in a diversified portfolio of environmental infrastructure, which FGEN defines as infrastructure assets, projects and asset-backed businesses that utilise natural or waste resources or support more environmentally friendly approaches to economic activity, support the transition to a low carbon economy or which mitigate the effects of climate change.
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Aligning with the recommendations of the Task Force on Climate-related Financial Disclosures
In considering the TCFD recommendations, FGEN is largely driven by organisation-level strategic approaches taken by Foresight. It is important, however, to consider how those approaches apply at the Fund level. FGEN’s approach to TCFD reporting requirements can be found in the Sustainability and ESG Report.
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