NextEnergy Solar Fund Limited (LON:NESF), a leading specialist investor in solar energy and energy storage, has announced it has published its third standalone annual Sustainability & ESG Report for the year ended 31 March 2024 and is proud to share that the Company is an early adopter of the International Sustainability Standard Board standards S1 and S2, becoming the first in its peer group to voluntarily adhere to these high-quality standards.
The Report is now available to download from the Sustainability & ESG Reports section of the Company’s website here: https://www.nextenergysolarfund.com/esg/esg-reports-and-publications/
The Report makes all relevant disclosures in alignment with the inaugural S1 and S2 standards of the ISSB and in alignment with ISSB requirements is designed to be read in conjunction with the NESF 2024 Annual Report to evidence the full integration of Sustainability & ESG into its financial reporting.
NESF continues to focus on three principal sustainability topics: climate, nature and social-related issues, with supply chain considerations incorporated as part of these. The Report informs all relevant stakeholders of NESF’s approach to sustainability, how it executes its strategy, and how it creates impact.
Josephine Bush, Chairwoman of the NextEnergy Solar Fund publishes Sustainability & ESG Report Board ESG Committee, commented:
“The previous twelve months have seen the global energy transition gather pace, despite macroeconomic headwinds. NESF is incredibly proud to have become an early adopter of the International Sustainability Standards Board (“ISSB”) standards S1 and S2, becoming the first in the renewable investment company peer group to voluntarily adhere to these high-quality standards.
The standards cover and expand on the Taskforce for Climate-related Financial Disclosures guidance, through a dedicated ISSB aligned Sustainability and ESG Report. This is the first ISSB reporting year and acts as a demonstration of the Company’s transparent approach to doing business. NESF continues to monitor with interest the UK adoption of the Standards and aims to amend its approach accordingly.
Furthermore, NESF intends to align its nature-related reporting with the Taskforce on Nature-related Financial Disclosures (“TNFD”) in its next Sustainability and ESG Report for the year ending 31 March 2025. NESF’s forward-thinking approach to Sustainability and ESG continues to evolve, with the purpose of supporting a more sustainable world powered by clean energy.”
