Responsible investment is at the core of our strategy

Cube IM’s long term “buy-and-grow” strategy’s value creation relies on contributing both to the social welfare and to the shift towards a low carbon economy.

 

Cube IM implements Environment, Social and Governance (“ESG”) principles in its work environment and in its remuneration policy. As a signatory of UNPRI, Cube IM commits to implement the defined principles and to report on its action through the filing of the PRI Reporting Framework every year. 

 

ESG Organization & Process: 

 

Since 2016, Cube IM has formalized a detailed Environment Social Management System – Responsible Investment, providing a framework for comprehensive ESG Due Diligences and subsequent action plans, covering ESG Governance, Business Ethics, Human Resources, Health & Safety, Supply Chain, Environment, Community Involvement and Climate-related risk.

 

Cube IM also appointed an ESG Committee and allocated sectorial responsibilities to junior team members to better foster best practices sharing across the portfolio, under the supervision of the ESG Coordinator (a senior investment team member with long-standing experience in the field).

 

The Investment Team, the ESG Coordination Team and the management portfolio companies work together, with the help of third-party expert advisors to define, measure progress and regularly update the action plans. These actions plans are monitored at the companies’ board level, with defined objectives and incentives, in order to better position our companies.

 

Strategic sectors: 

 

Cube IM's strategic sectors contribute both to the social welfare and to the shift towards a low carbon economy (focusing on avoided emissions), notably:

 

Public Transport: efficient public transport (buses, regional trains, etc.) provide all citizens affordable means to commute, which is of increasing importance (more mobility, congestion risks in cities, etc.) and participate greatly to the avoidance of GHG emissions (limiting the use of personal cars, etc.), especially as the trend towards greener public transport currently materializes. 

 

Energy: if renewable power plants are part of the strategy, the primary focus has been set on district heating and energy efficiency. Notably centralized district heating systems enable the use of waste heat and facilitate the use of renewable energy sources and the reduction of the heating cost for the end-customer (businesses, social housing, etc.) over the long run.

 

Communication Infrastructure: Cube IM's strategy is to focus primarily on open-access networks in underserved areas (most often semi-dense and rural areas), where the digital divide creates a new exodus for businesses and people from less dense (and more affordable) locations to already congested cities. By encouraging the use of teleworking, e-government services, videoconference, etc. such networks allow the avoidance of GHG emissions. 

 

Cube IM's ESG commitments

Responsible Investments and Selected KPIs

 

Specific and detailed information on our ESG strategy, Cube IM actions within the industry (including academic work), the extra-financial performance of our investments, progress with respect to action plans and key initiatives is available to our investors in our Annual ESG Reports.

 

UN PRI Strategy & Governance : A+ (2017, 2018)

 

UN PRI Infrastructure: A+ (2017, 2018)

 

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