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Sustainable and responsible value creation

Our approach to responsible investment

A.P. Moller Capital focuses on sustainable value creation by building businesses that seek to generate a financial outcome and support society through economic and social development.

We use our ownership position to actively ensure portfolio companies work towards implementing high environmental, social and governance (“ESG”) standards. We believe that this mitigates investment risk, results in companies with better governance, more social focus, lower environmental impact and, ultimately, higher value.

We want our infrastructure investments to reduce the cost of doing business, unlock economic potential and support jobs. At the same time, we want to be an active participant in the low carbon transition and reduce greenhouse gas emissions, without compromising returns. We are members of the Institutional Investors Group on Climate Change.

Key ESG commitments

Our Responsible Investment Framework is based on the principles of the UN Global Compact and the UN Principles for Responsible Investment to which A.P. Moller Capital is a signatory.

Related to sustainability, we follow good international industry practice. This includes the IFC Performance Standards on Environmental and Social Sustainability including the World Bank Group Environmental, Health and Safety Guidelines, the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights.

Related to good governance practice, we have developed internal policies and procedures in relation to anti-bribery and anti-corruption in compliance with the US, UK and Danish regulations, Anti-Money Laundering (“AML”) in compliance with the EU AML Directive, responsible tax practices, and guidelines for company boards.

We integrate ESG throughout the investment cycle

Responsible investing is a central element of our investment strategy and is integrated throughout the investment cycle, from origination to exit. We incorporate ESG risks into our investment analysis and decision making. Regardless of sector or jurisdiction, we pledge to be an ethical partner and apply the same high ESG standards to our investments.

We require our portfolio companies to assign responsibilities to effectively identify, manage and monitor ESG risks, work with responsible business counterparties, and engage transparently and proactively with stakeholders. We closely follow the ESG performance of portfolio companies and provide support, when necessary.

Environmental and Social Management System

A.P. Moller Capital operates under an ethical policy that requires Environmental, Social and Governance (ESG) considerations to be included in the investment process. The policy is based on the main principles of the UN Global Compact, the United Nations Principles for Responsible Investment, the IFC Performance Standards on Environmental and Social Sustainability, and the EU Sustainable Finance Disclosure Regulation. It references and centralizes all ESG-related procedures including, but not limited to, the ESG Handbook, which is an operational document developed for the investment team that outlines A.P. Moller Capital’s internal process with regards to environmental and social due diligence, risk assessment, environmental and social categorization, and subsequent monitoring.

The purpose of the ethical policy is to protect people and the environment, minimize negative environmental and social impacts, prioritize safe and healthy working conditions and the fair treatment of employees, and ensure that all A.P. Moller Capital’s investments undergo a rigorous ESDD process. A.P. Moller Capital’s ethical policy outlines the requirement to refrain from engaging with partners that do not adhere to the specified ESG principles and establishes A.P. Moller Capital’s internal Exclusion List, which is to be amended for EMIF II.

iconExclusion list

iconIntegration of ESG considerations in the investment process

Sustainability-related disclosures

In compliance with the EU Sustainable Finance Disclosures Regulation (2019/2088) we integrate sustainability risks in the investment decision-making process, and consider principal adverse impacts on our investment decisions. More information can be found in the Responsible Investment Framework, which also describes how sustainability risks are integrated in the remuneration policy.

iconDownload our ESG Report 2023

iconDownload our Responsible Investment Framework

iconDownload Africa Infrastructure Fund I website disclosure

iconDownload Africa Infrastructure Fund I SFDR Annex 4 disclosure

iconDownload Statement on principle adverse impacts of investment decisions on sustainability factors

Where to find us

Copenhagen

A.P. Møller Capital P/S
Lyngby Hovedgade 85,
Kongens Lyngby, Denmark,
DK-2800

Dubai

A.P. Møller Capital P/S (DIFC Branch)
Al Fattan Currency House 2-1502/1503
DIFC Dubai
United Arab Emirates

Singapore

A.P. Moller Capital (Singapore) Pte. Ltd.
Marina Bay Financial Center
Tower 1, 14th Floor
Singapore

A.P. Møller Capital P/S is governed and regulated by the Danish Financial Supervisory Authority as an Alternative Investment Fund Manager. A.P. Møller Capital P/S (DIFC Branch) is regulated by the Dubai Financial Services Authority to provide advice and arrange deals in investments, to support the headquarter in Denmark. A.P. Moller Capital (Singapore) Pte. Ltd., a fully owned subsidiary of A.P. Møller Capital P/S, is exempt from licensing to provide advice on investments to its shareholder.

How to contact us

GENERAL INQUIRIES

Melanie Beck
T: +971 55 588 6592
E: melanie.beck@apmollercapital.com

INVESTOR RELATIONS

Peter Wernberg Nielsen
T: +45 20 44 93 77
E: peter.nielsen@apmollercapital.com

MEDIA RELATIONS

Kelly Lynch
T: +45 31 42 94 99
E: kelly.lynch@apmollercapital.com

Complaints & Whistle-blowing

A.P. Moller Capital has appointed the Head of Compliance as Complaints Manager.

REPORT A COMPLAINT

A.P. Moller Capital has implemented a whistle-blower system and encourages you to help fight corruption, business crime and other unacceptable business conduct.

WHISTLE-BLOWER REPORTING