Colesco Capital
Colesco Capital is a private credit specialist with a mission to unite capital and purpose. It takes a sustainability-led approach to raising, deploying and managing capital from institutional asset owners.
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.
Information on climate target(s)
Baseline(s):
Portfolio coverage baseline
0% of portfolio companies setting a Science Based Target
Target(s):
Portfolio coverage target
50% of portfolio companies setting a Science Based Target
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.
Percentage of assets covered by climate targets
100% of total AUM (USD $ billion)
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 >10% from storage, or the sale or distribution of raw fossil fuels, or fossil-fuel based power production.
Further information:
Launched in September 2023, Colesco provides specialised lending solutions tailored to the needs of small and mid-market businesses that are both willing and able to contribute positively to the transition toward a more sustainable future.
We aim to align our investments with net zero, via clauses and KPIs in the loan documentation and pro-active company engagements.
Colesco Capital Ltd. has been appointed as the investment advisor to the AIFM. For more information, please visit Colesco Capital – Uniting Capital & Purpose.