by Daniel Webster, dWeb.News Publisher
WARSAW, Oct. 11, 2021 /PRNewswire/ — Abris Capital Partners (“Abris”), the private equity investor in Central Europe, has launched its Climate Manifesto, setting out how it will reach carbon neutrality across its portfolio, prepare for net zero and ensure the firm and its portfolio companies lead the field in terms of sustainable investment.
The manifesto follows Abris’s announcement earlier this year of its ESG Universe 2023 strategy – a comprehensive program of environmental, social and governance initiatives that commits the firm to achieving a carbon neutral portfolio by 2025 – as well as the 2020 launch of its Scoring Application, a proprietary IT tool that tracks more than 500 ESG measures within each portfolio company, supporting investment decision making and reporting value created to investors.
Pawel Gierynski, Managing Partner at Abris, commented:
“Carbon neutrality has a price. All companies must plan for carbon neutrality in order to reduce the adverse effects of climate change. Future investors must be aware of the costs that this change will entail. As well as being the right thing to do, addressing them today will also make our businesses more valuable. “
Abris, as a responsible investor is acutely aware of the potential impact its portfolio companies and Abris can have on meeting climate goals. Abris is committed to managing climate change risks by its investments and the interactions it has.
The firm’s Climate Manifesto sets out key actions across five core areas: achieving carbon neutrality at Abris by 2023; developing an effective balancing model by 2023; achieving a carbon-neutral portfolio by 2025; developing an agile climate change strategy for our portfolio companies; and building a net zero strategy pathway for our portfolio companies by 2030. Read the full manifesto here.
Monika Nachyla, Partner at Abris, added:
“Companies that have a clear climate change strategy and can help lead the transition to net zero will deliver better long-term returns for investors. They will be more prepared for the future and better equipped to adapt to a changing world. They will be preferred by climate-aware employees, consumers, and other stakeholders. They will be able to comply with changing regulatory requirements and manage their investment cash flows in a predictable manner. They will be the winners and game-changers. “
Abris Capital Partners
Abris Capital Partners is a leading independent private equity fund manager, focused on mid-market opportunities in the major countries of Central Europe. Established in 2007, Abris seeks to identify, and partner with, the most successful and dynamic mid-market businesses in Central Europe, which can benefit from an input of capital and/or management expertise at both strategic and operational levels. Abris holds investment capital in excess of EUR1.3 billion and has received financial backing from many top global investment institutions such as financial institutions, corporate and public pension plans, and funds of funds. Abris is focused on long-term investments and focuses its efforts on transactions where it can acquire a majority or sole ownership position. The typical financial commitment by Abris to any single transaction can range from EUR30 million to EUR75 million, with larger commitments available if required. The Abris advisory business operates using teams based in Warsaw and Bucharest.
SOURCE Abris Capital Partners
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