Environmental, Social and Corporate Governance (ESG), including Health and Safety (HSE) and Corporate Social Responsibility (CSR), are an integral part of CIP’s entire investment process and management. Through an investment strategy focused on greenfield and renewable energy projects, CIP is aiming at creating a positive ESG impact on both job creation and climate (Co2) in accordance with its ethical policy and the UN Guiding Principles.
The ethical policy guides CIP in its capacity as investment manager throughout the entire investment process ensuring the necessary due diligence, i.e. in relation to human rights, labour, environment, bribery and other integrity impacts, when CIP originate/screen/assess potential investments, select and propose investments, monitor and manage investments as well as propose divestments.
To ensure compliance, and account for any adverse impact, CIP has implemented procedures which allow it to warrant accountability in accordance with the ethical policy without compromising the proprietary nature of the investments. Any relevant issues will be reported to the investment committee in question, and steps will hereafter be taken as deemed necessary.
As a global player within the field on sustainable energy, it is only natural that CIP seeks to promote the UN’s Sustainable Development Goals throughout its investment strategy.
Case Example: Beatrice Offshore Windfarm
Beatrice Offshore Windfarm is Scotland’s largest private infrastructure project. Beatrice is expected to become fully operational in 2019 with a capacity of 588MW. This will result in:
Yearly carbon reductions of ~850.000 tons per year
Expected job creation of over 890 jobs during construction
Generation of green power for ~450,000 homes
You can read more about Beatrice Offshore Windfarm here
Human Practice Foundation
CIP has provided financial support to the Danish charity foundation Human Practice Foundation (HPF), which focuses on improving education and developing social entrepreneurships in the poorest areas in the world. The organization’s vision is to allocate and utilize resources and create real, measurable growth and sustainable development for the funds received, and to give children in developing countries the possibility to lift themselves out of poverty.
In March 2018 CIP participated in the inauguration of the Shree Saraswati Secondary School in Taplejung, Nepal. CIP has contributed financially to the construction of the school building and various equipment.