DIV II achieves 5 star rating in its inaugural GRESB Assessment
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Digital Transformation Capital Partners (“DTCP”), an independent investment management firm focused on digital transformation, is pleased to announce that its fund Digital Infrastructure Vehicle II SCSp SICAV-RAIF (“DIV II”, “the Fund”) has been recognised as an industry leader in its first GRESB Infrastructure Fund & Asset Assessment.
The Fund outperformed its peer group average and achieved a GRESB 5-star rating – the highest obtainable score. In its first GRESB assessment, DIV II was ranked 2nd out of 46 participating European PE infrastructure funds. DTCP’s fund achieved a full score in the majority of GRESB’s indicators, including for policies and ESG reporting in place and for climate-related risk assessment.
In all assessment areas, DIV II obtained higher than 90/100 – showing the Fund’s commitment to a range of sustainability initiatives. The DIV II portfolio companies Cellnex Netherlands and maincubes assessed by GRESB ranked top in their industries and achieved very high scores in terms of their ESG KPIs and in the assessment of climate-related risks. Cellnex Netherlands scored the top position in its peer group Europe | Telecom Towers.
Jan-Michael Dierkes, Managing Director and Head of ESG said: “The attainment of a 5-star GRESB rating is a remarkable milestone for our Fund, serving as a testament to our unwavering dedication to to create a more sustainable digital society. While we celebrate and take pride in our accomplishments, we are equally committed to incorporating the insights gleaned from the report's identified areas of improvement. This benchmarking process will serve as an invaluable tool for continuously assessing our ESG performance at a Fund level but also across our portfolio companies.
Vicente Vento, Founder and CEO of DTCP said: “We are pleased to see our GRESB ratings reflect the measurable progress we are making towards our goals. To outperform our peer group and be recognised as an industry leader is an outstanding result – especially as this DIV II’s first GRESB assessment. We believe that proactive engagement on ESG matters throughout the investment cycle has not only societal benefits, but ultimately leads to higher valuations and better investment outcomes. And these results are a testament to how as a team we place ESG at the heart of our investment thesis – enabling us to build sustainable businesses that are accelerating digital transformation whilst creating a diverse, equal and carbon-neutral digital society.”
GRESB is acknowledged by the financial market and investors as the global benchmark for assessing ESG and sustainability performance data. It gathers, verifies, assesses, and compares ESG data provided by participants, evaluating management practices and asset-level performance. The GRESB Assessments focus on issues that both investors and the industry deem significant for the sustainability performance of asset investments. These assessments are in accordance with international reporting frameworks, standards, and evolving regulations. In addition to being a GRESB active participant, on behalf of DIV II DTCP is also a signatory to the Principles for Responsible Investment (UN PRI) and is committed to the UN Sustainable Development Goals (UN SGDs) to guide its investment activities.