SCOR targeting €500m investment for new sustainability fund
SCOR Investment Partners has launched a new corporate loan fund focused on environmental sustainability and the preservation of natural capital with an initial commitment of €50 million from the SCOR Group as anchor investor.
The SCOR Euro Loans Natural Capital fund aims to finance companies committed to limiting their environmental impact, through the sustainable use of water, energy, or a policy of waste reduction.
SCOR said the closed-end structure of the fund allows investors to benefit from favourable current investment conditions and offers a gross target return of Euribor+5%.
The fund invests exclusively in Sustainability-Linked Loans with environmental objectives related to waste, water and energy management.
The fund is open to institutional investors and is targeting a total €500 million in commitments.
Fabrice Rossary, CEO of SCOR Investment Partners, said: "The preservation of natural capital is at the core of the many decisions that need to be made to protect future generations. If managed effectively, all three factors - water, waste, and energy - make a significant contribution to protecting the environment. Investors, both asset owners and investment fund managers, clearly have a role to play in this regard. This new strategy reinforces our positioning as a responsible investor serving the real economy and supporting future generations."
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