.webp)
Hamburg, June 22, 2022
Luxcara, one of the most experienced renewable energy asset managers in Europe, has further elevated its ESG standards by receiving the highest possible rating for its Green Financing Framework. The framework allows companies advised by Luxcara to issue green bonds and enter into green loans in line with the Green Bond and Green Loan Principles determined by the International Capital Market Association (ICMA). This further develops and complements Luxcara’s strong sustainability strategy in line with the EU Taxonomy and Sustainable Finance Disclosure Regulation (SFDR). The review was conducted by one of the leading providers of second-party opinions of green bonds, Cicero Shades of Green.
Cicero’s methodology “Shades of Green” classifies the frameworks between Dark, Medium, and Light Green, with Dark Green being the strongest. Luxcara’s Dark Green classification is based on an in-depth review of the company’s ESG standards with a focus on governance, including internal and external policies, the selection process for new investments, the management of proceeds and reporting standards.
“We are proud of having obtained this positive recognition of our Green Financing Framework by Cicero. This enriches our vast offering of attractive sustainable debt investment opportunities for our investors even more”, states Dr. Alexandra von Bernstorff, Managing Partner of Luxcara.
Due to the successful implementation of Luxcara’s Green Financing Framework, all bond and loan products that are already, or will be issued or entered into by companies advised by Luxcara are rated as green bonds or green loans in line with the relevant principles.
About Luxcara
Luxcara is an independent asset manager offering equity and debt investment opportunities to international investors in the global energy-transition infrastructure market. The Hamburg-based company acquires, structures, finances and operates energy projects with a long-term buy-build-operate approach. Luxcara’s portfolio includes investments across several European countries and comprises wind and solar PV assets, battery storage systems, charging stations for electric vehicles, and electrolyzers for the production of green hydrogen. With a track record dating back to 2009 and a team of more than 80 energy specialists, Luxcara ranks among Europe’s most experienced asset managers in energy transition infrastructure.
Follow us on LinkedIn.
Media contact for Luxcara:
Marcel Peter, Head of Communications and Stakeholder Engagement
T: +49 1514 1977862
E: press@luxcara.com
