RESPONSIBLE INVESTMENT – Driving Sustainable Transformation
With heightening awareness and understanding around climate change and sustainability issues both at government and societal level, ESG is increasingly becoming an essential component of a company’s long-term success.
Increasingly investors are realising the gain of a range of benefits from integrating ESG into their business such as:
- cost reduction;
- operational and resource efficiency both for direct activities and in their supply chains;
- effective risk management from regulatory obligations and climate impacts;
- market insight and competitive advantage from attracting responsible investors; and
- retaining employees and winning new business; and
- implement positive change in response to climate challenges
Recent guidelines including the UN Sustainable Development Goals (SDGs) and the Task Force for Climate Disclosure Reporting (TCFD) provide further opportunities for businesses to look at the way they operate and understand the financial and wider risks and opportunities applicable to their business.
ITPEnergised (ITPE) and Orbis Advisory have partnered to strengthen our ESG capabilities. Together the team has significant technical expertise and commercial experience in the environmental, energy and sustainability field meaning we are perfectly placed to help clients and their portfolio companies to assess, manage and develop their ESG Strategies
How can we help?
|Phases||Our Core ESG Services|
|Strategy||• Responsible Investment strategy development support including benchmarking (e.g.UNPRI, GRESB), and KPI setting.
• Stakeholder engagement
• Sustainability and CSR Reporting
• Carbon strategy and management plan advice
• Materiality Assessments
|• Environmental and Social Due Diligence
• Technical Due Diligence of renewable technologies
• Technical and commercial feasibility for renewable technologies
|Measurement and Reporting
• GHG accounting, reporting and verification
• Lifecycle analysis and supply chain management
Compliance and Risk
• Environment Management Systems and programme support (ISO14001, ISO150001)
• Energy management system design and support (ISO50001)
• Energy Efficiency Audits
• Environmental regulatory advice for auditing including Ofgem audits for RHI
• Energy and carbon management and compliance e.g. ESOS, CRC, SECR, MGHGR
• Noise and Air Quality Assessments
• Environmental Permitting
|• Environmental and Social Due Diligence|
Selected Project Examples
Please find below a selection of our project experience throughout the asset life cycle from entry, asset management and exit.
Responsible Investment Strategy Support
Confidential Investor Client
Team members have previously worked with a key investor with £1.3 billion assets under management developing and implementing an ESG programme. A strategic framework was created that reflected the company’s way of doing business, was easy to communicate and focused on key stakeholders. The team set a number of sustainability targets, defined a governance structure, carried out a peer group review and managed legislative risk by preparing and guiding the company through the legislative journey.
The team have extensive experience assisting clients to a range of voluntary benchmarking & reporting standards and submissions (Global Real Estate Sustainability Benchmark/GRESB, CDP Investor Responses and UN Principles for Responsible Investment/UNPRI). We worked with an investor on their UNPRI and GRESB submissions for 7 funds across a number of years, gaining incremental YOY improvements through measures that we introduced throughout the year.
Responsible Investment Strategy Support
Members of the team have worked on a number of Responsible Property Investment (RPI) and Environmental & Social Governance (ESG) Programmes and Governance Structures for investor funds in assets and global, regional and local occupiers.
EHS due diligence, telecommunications business, Republic of Ireland
Confidential Private Equity Client
The team produced a ‘Red Flag’ Environmental Due Diligence report for a telecommunications business. The objective of the assessment was to identify any key ‘Red Flag’ environmental and health and safety (EHS) liabilities which may be material to its ongoing operation. The assessment included a review of information provided by the business and ‘a question and answer’ session with key personnel. To confirm and support the findings of the document review a site inspection of a representative example of key facilities was undertaken.
ESG Due Diligence, civil aircraft repair & dry cleaning facility, Middle East
Confidential Private Equity Client
Team members were previously involved with undertaking a high level ESG assessment for a private equity company which was looking at acquiring a civil aircraft maintenance business.
EBRD Due Diligence, UK
The team undertook an environmental, health & safety, and social due diligence assessment of JDR Cables UK facilities for TFKable. The assessments were undertaken against the European Bank for Reconstruction and Development (EBRD) Performance Requirements.
A member of the team developed the GHG emission inventory for Victrex and the qualitative response for the investor questionnaire for the company’s first response to the Carbon Disclosure Project.
Bespoke GHG Assessment Tool
Confidential Impact Investor Client
A member of the team produced an Industrial Emissions Directive / European Investment Bank compliance screening tool for a Confidential Client. The tool was designed to enable non-specialist users to determine whether emerging thermal power plant designs would meet the international benchmarks for air pollution emissions and greenhouse gas intensity, in terms of kilograms of carbon dioxide equivalent per kilowatt-hour of electricity generated.
Climate Change Risk Assessment
The project assessed the impact that climate change will have on Diageo’s major European spirits warehousing facility in Scotland. The aim of the study was to identify the likely climate change scenarios for key time frames: 2020, 2050 and 2080. ITPE team members developed a bespoke risk assessment methodology to look at the impact on infrastructure, people and products.
Renewable Asset Management
Alpha Real Renewables
Team members act as asset managers for a turbine wind farm in Aberdeenshire, liaising with the turbine maintenance provider in the event of any faults occurring on site. As requested by the client monthly reports are also produced in order to report on performance over the month and year to date.
Technical Due Diligence for Renewables
The team undertook technical advisory and due diligence services to assess five PV farms, totalling 80 MW, to assist the client in deciding on whether they should acquire the portfolio or not. ITPE undertook site visits to assess workmanship and reviewed data room documents.
Renewables Feasibility Study
The team was contracted by a Commercial Investor to prepare a pre-feasibility study assessing the technical and economic viability of different options for a PV and Concentrated Solar Power (CSP) to be installed in the North African desert. The assessment covered concentrating solar thermal technologies, including hybrid plants and opportunities for thermal storage. The levelised cost of energy of the different solar plant options was evaluated, taking into consideration capital and operation and maintenance costs.