Colesco Capital Collective
Colesco is an innovative European direct lender with a mission to unite capital and purpose. Colesco has offices in the United Kingdom, the Netherlands and Belgium. It joined the Net Zero Asset Managers Initiative on 18 August 2023 and its initial target disclosure was published in July 2024
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $ billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
50% of portfolio companies setting a Science Based Target
Target(s):
Portfolio coverage target
70% of portfolio companies setting a Science Based Target
GHG scopes included:
Colesco aims to collect scope 1, 2, and 3 emissions data from all portfolio companies.
The carbon emission data is included in the SFDR Principal Adverse Impact indicators, which are collected annually as stipulated in the loan documentation.
Methodology:
Science Based Target initiative for Financial Institutions
Scenario(s):
Colesco builds on the Science Based Targets initiative (SBTi). This initiative aims to drive decarbonization in line with the 1.5°C target.
Additional information
Policy on coal and other fossil fuel investments:
While Colesco accepts that fossil fuels are part of the energy supply chain of a large part of our portfolio companies, we do not embrace investing in companies that are actively involved in the first phase of the fossil fuel supply chain. Therefore, Colesco will not knowingly invest in borrowers that derive any revenue from the exploration for, extraction, transportation and/or processing/refining of raw fossil fuels.
Colesco will not knowingly invest in borrowers that derive >20% from storage, or the sale or distribution of raw fossil fuels, or fossil-fuel based power production.
Further information:
Colesco – launched in September 2023 – is a private credit specialist that provides tailored capital solutions to European midmarket companies that seek to achieve their sustainable growth ambitions, while providing institutional investors access to the European private debt market.
We aim to align our investments with net zero, via clauses and KPIs in the loan documentation and pro-active company engagements.