Impact Report 2019
The Carnot Efficient Resources Fund is an Impact investment fund that invests in listed equities. The companies represented in the fund develop and produce products and technologies that reduce the consumption of natural resources and reach people around the world. In addition to the financial return, the fund investor, as co-owner of the portfolio companies, has a substantial positive effect in terms of the UN's sustainable development goals. This impact report aims to illustrate and quantify this effect. Carnot Capital's full impact investing approach also relies on engagement to map, measure and create impact. It is detailed in the research paper titled "Investing into Energy and Resource Efficiency with a Measurable Impact", which can be found here and on Carnot Capital’s website.
For Carnot, financial return is the primary goal and a measurable part of fund performance. Pure environmental or social objectives at the expense of the financial return are excluded. All of Carnot's selected investments will continue to be subjected to a fundamental value analysis using financial methods.
Carnot Impact Investing uses a Sustainable Development Goals (SDG) mapping to document the sustainability of external effects for selected portfolio investments in qualitative and quantitative reporting.
Reduction in the consumption of natural resources (= resource efficiency)
2. Zero Hunger
3. Good health and well-being
6. Clean water and sanitation
8. Decent work and economic growth
9. Industry, Innovation and Infrastructure
11. Sustainable cities and communities
12. Responsible consumption and production
13. Climate action
14. Life below water