The emissions offset of 5.1 million tons of CO2 equivalent as a result of the renewable power investments is an outstanding achievement driven by the infrastructure IDEAS Fund in 2021, with an increase in this offset year on year. The overall carbon footprint has increased from 2020 to 2021 due to improved reporting coverage, an increase in the number of investments under management and non-renewable power generation.
The emissions offset of 5.1 million tons of CO2 equivalent as a result of the renewable power investments is an outstanding achievement, driven by the IDEAS Fund, with an increase in this offset each year. The increase in Scope 1 direct emissions in 2021 is mainly due to the increased power production of Amandi, Albatros and Cenpower power plants as well as better reporting coverage.
The increase in total emissions numbers across the Impact Investing funds is due to better reporting coverage and increased activity in some of the funds. On a per investment basis, emissions have remained relatively constant. The dominant CO2 equivalent emissions contributor remains electricity usage (Scope 2).
None of Fund IV’s portfolio companies produce significant off-grid renewable power, therefore there is no recordable CO2 equivalent emissions offset. The overall CO2 equivalent emissions dropped in 2020, likely as a result of Covid-19 economic constraints. By far the dominant contributor to emissions remains electricity usage (Scope 2).
The increase in total CO2 equivalent emissions in the fund in 2021 is attributable to a substantial increase in power production by the Cenpower thermal power plant (Scope 1). The fund does not have an emissions offset mechanism.
The increase in total CO2 equivalent emissions in the fund in 2021 is attributable to better reporting coverage and increased production by the thermal power plants, Amandi and Albatros. Carbon offsets are generated by the off-grid solar businesses in the Fund.
The net emissions offset of 5.1 million tons of CO2 equivalent as a result of the renewable power investments is an outstanding achievement by the IDEAS Fund, with an increase in this offset from 2020. Electricity usage (Scope 2) remains the major carbon emissions contributor in the Fund.
The greenhouse gas emissions across the SEIIFSA portfolio hashave remained constant. The dominant CO2 equivalent emissions contributor remains electricity usage (Scope 2).
The increase in total greenhouse gas emissions numbers in the HIFSA fund is due to better reporting coverage across the fund. The emission offset achieved in 2021 was through a retirement village in the greenfields portfolio. The dominant CO2 equivalent emissions contributor remains electricity usage (Scope 2).
There were no material greenhouse gas emissions offset from renewable energy production in 20210. Total emissions recorded for the fund decreased slightly from the previous year. The carbon off-set was achieved through three retirement villages in the portfolio.
The increase in total greenhouse gas emissions is due to the development of new schools in 2021.
None of Fund IV’s portfolio companies produce significant off-grid renewable power, therefore there is no recordable CO2 equivalent emissions offset. The overall CO2 equivalent emissions dropped in 2020, likely as a result of Covid-19 economic constraints. By far the dominant contributor to emissions remains electricity usage (Scope 2).
Fund V is a new investment vehicle for OMPE and the 2021 data establishes the baseline for the Fund.