Cases

01

ESG data structure for PFA infrastructure portfolio

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02

ESG due diligence on energy infrastructure portfolio

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03

ESG due diligence on offshore wind farm

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05

ESG data for emerging markets private equity fund

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Insights

Dansif, Swesif and Finsif:
”Investor Reporting on the Sustainable Development Goals” (2020)

Dansif, Finsif and Swesif have collaborated on the analysis “Investor Reporting on the Sustainable Development Goals”. The analysis presents an overview of eight SDG reporting frameworks for companies and investors alongside investor perspectives on SDG reporting from interviews with 17 Nordic institutional investors. Klinkby Enge produced the report for Dansif, Swesif and Finsif.

Case 01

ESG data structure for PFA infrastructure portfolio

Assignment
Create an ESG dataset and reporting template for a global infrastructure portfolio.

Evaluation and recommendation on how the GRESB framework can be used for investment purposes and to enable data-based reporting and storytelling on sustainability impact.

Approach
PFA, one of the largest European pension funds, wanted to create a data structure and reporting framework for the sustainability profile of its global infrastructure portfolio.

Klinkby Enge worked together with the PFA team to design the data framework and work process, and collected, verified and aggregated ESG data for selected infrastructure assets. Based on the data structure, we developed a reporting template for stakeholder communication, which demonstrated the environmental impact of the client’s renewable energy investments.

We furthermore conducted a comparative analysis of data-based sustainability reporting among select European pension funds, and we provided guidance on reporting against Sustainable Development Goals.

Results
We provided PFA with an ESG dataset for its infrastructure investments, along with sustainability reporting for individual assets and at the portfolio level. We also provide the client with concrete recommendations for data structure and sustainability reporting.

“Klinkby Enge provided us data-based, specific insights into the ESG profile of our infrastructure investments and very useful, concrete recommendations for data structure and future reporting.”

Andreas Stang,
Senior Portfolio Manager
& Head of ESG, PFA

Case 02

ESG due diligence on energy infrastructure portfolio

Assignment
Conduct ESG due diligence on large portfolio of energy infrastructure assets.

Approach
Based on an ESG due diligence framework customized to the individual investor and the type of asset in question, Klinkby Enge analyzed specific ESG risk items for the investment.


Also, Klinkby Enge analyzed which role different technologies for energy production that were part of the portfolio could be expected to play in the future energy mix, how stakeholder perception was likely to form and how that could be expected to affect the assets. 

Results
ESG due diligence report with risk profile of the investment and the technologies in question and recommended mitigating actions to manage risks.

Case 03

ESG due diligence on offshore wind farm

Assignment
Conduct ESG due diligence on offshore wind farm.

Approach
Klinkby Enge developed an ESG due diligence framework customized to the type of asset in question and the specific investor’s policies, focus areas and risk appetite.

Based on this framework we analyzed specific ESG risk items for the investment based on virtual data-room and own research.

Results
ESG due diligence report with risk profile of the investment and recommended mitigating actions to manage risks.

Case 04

SDG impact analysis for three companies in Axcel’s private equity portfolio

Assignment
SDG impact analysis and reporting for three companies in the portfolio of Axcel, a leading Danish private equity fund. Model should be possible to scale to rest of portfolio.

Approach
Klinkby Enge mapped the activities of three of Axcel’s portfolio companies to SDG goals, SDG targets and SDG indicators. Klinkby Enge developed questionnaires to be used for data collection and processed and analysed the reported data.

Results
Report with quantitative and qualitative summary of the SDG impact assessment of the companies and one pager for external reporting.

“Klinkby Enge has provided data-driven SDG impact analyses and SDG reporting frameworks for Axcel portfolio companies. Klinkby Enge has worked well with the portfolio companies and has delivered products of high quality. They are competent, customer focused and service oriented.”

Joachim Sperling,
Head of Corporate Affairs, Axcel

Case 05

ESG data for emerging markets private equity fund

Assignment
Conduct review of emerging markets private equity SDG fund regarding asset specific ESG data-collection and how it could be linked to SDG’s in reporting and investment decisions. Recommend model and methodology for data-structuring, data-collection and reporting.

Approach
Klinkby Enge reviewed existing ESG data-structure, individual datapoints and reporting for the SDG fund.

We then developed a model for how the fund could link SDG reporting closely to company activities based on material performance metrics.

Results
Based on a data from 10 portfolio companies we tested the model and delivered a data structure that could be scaled across the portfolio. 

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