Fund sustainability

BSIF’s Purpose

Renewable Energy, Delivered Responsibly

BSIF drives shareholder returns whilst promoting positive environmental and social value through its work as a pioneering and responsible renewables fund. As well as supporting the UK’s Net Zero carbon ambition, BSIF aims to enhance nature across its sites, to support the UK in mitigating both the climate and ecological crisis.

Sustainability in numbers

As a pioneer in the industry, BSIF has always had a clearly articulated environmental focus.

Climate action is at the forefront of the sustainability agenda, and the renewables industry plays an important role in climate change mitigation through decarbonisation of the energy markets.

BSIF recognises the opportunities and value that ESG considerations present, and the positive value which can be delivered by BSIF’s portfolio in addition to financial returns.

As part of BSIF’s responsible investment approach, it considers both the positive and adverse impacts of its investment decisions on sustainability factors, and seeks to mitigate the negative where possible.

In line with the environmental characteristics it promotes, BSIF is categorised as an Article 8 fund under the Sustainable Finance Disclosure Regulation, and aligns its portfolio with the EU Taxonomy.

Sustainability-related disclosures

BSIF’s ESG Vision

BSIF is helping to mitigate climate change through decarbonisation of the UK energy sector, whilst delivering long-term dividends to its shareholders. BSIF matches its best-in-class shareholder returns with a best-in-class approach to environmental, social and governance aspects.

BSIF recognises that being a renewables fund does not mean that it can remove itself from wider environmental, social, and governance topics, and is conscious of the potentially harmful impacts that come with being part of the renewables industry.

BSIF has committed to further developing its robust due diligence processes and requirements of its suppliers and contractors. BSIF believes that the assets within its fund have a part to play at the local level as much as at the national level. BSIF aims to enhance nature at its sites and integrate this in its efforts in the communities in which it operates, recognising the interconnection between ecological and climate impact.

BSIF’s ESG strategy

BSIF’s purpose is to drive shareholder returns while promoting positive environmental and social value. This is achieved through the three key pillars of its ESG strategy, which encompasses:

Climate change mitigation

Supporting the UK in achieving its Net Zero carbon ambition whilst aligning to the TCFD recommendations.

Pioneering positive local impact

Enhancing nature and encouraging community engagement at the local level throughout the asset lifecycle.

Generating energy responsibility

Driving ethical practices within its operations and throughout its supply chain.

These three pillars reflect BSIF’s priority focus areas as identified by stakeholders, regulatory requirements (including the EU SFDR, EU Taxonomy and TCFD), and ESG reporting frameworks (such as SASB).

The UN Sustainable Development Goals (SDGs) have been mapped against each pillar, with eight goals identified where BSIF believes it can have a positive contribution.

Read more about BSIF’s sustainability efforts in its most recent ESG report.

View ESG report

Responsible investment

Sustainability risks are integrated into each step of BSIF’s investment process.

Sustainable investment policy

Asset and operational management

BSIF’s ESG strategy continues to be integrated across portfolio-related activities. Collaboration between the Bluefield companies, including between development, investment, asset management and O&M teams, aids this process.

Commitments and KPIs have been developed to enable BSIF to monitor and evidence it’s ESG performance over time. The Bluefield companies work together to facilitate the collection, analysis, and monitoring of ESG data across the portfolio, to enable reporting against these KPIs and regulatory frameworks.

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1-4 as at 30 June 2023