SCOR Investment Partners, a an investor focussed on increasing its sustainability linked platform, has announced the launch of SCOR Euro Loans Natural Capital.
According to the announcement, this new corporate loan fund is open to institutional investors and has secured an initial commitment of €50 million from the SCOR Group as anchor investor. The fund is targeting a total €500 million in commitments.
SCOR Euro Loans Natural Capital focuses on environmental sustainability and the preservation of natural capital. It aims to finance companies committed to limiting their environmental impact, through the sustainable use of water, energy, or a policy of waste reduction.
The fund, classified as Article 9 under EU Sustainable Finance Disclosure Regulation (SFDR) was granted the LuxFLAG ESG Applicant fund status1.
SCOR noted that the closed-end structure of the fund allows investors to benefit from favourable current investment conditions and offers a gross target return of Euribor+5%2.
The fund invests exclusively in Sustainability-Linked Loans with environmental objectives related to waste, water and energy management, the firm added.
Fabrice Rossary, CEO of SCOR Investment Partners, commented: “The preservation of natural capital is at the core of the many decisions that need to be made to protect future generations.
“If managed effectively, all three factors – water, waste, and energy – make a significant contribution to protecting the environment. Investors, both asset owners and investment fund managers, clearly have a role to play in this regard. This new strategy reinforces our positioning as a responsible investor serving the real economy and supporting future generations.”