MONTREAL, Dec. 14,
2023 /PRNewswire/ -- Power Sustainable (the "Firm"),
a climate-focused alternative asset manager, today released its
inaugural Private Markets Sustainability Report (the
"Report"). This Report reflects the sustainability efforts
of Power Sustainable's private markets activities, where its
investment groups invest in businesses and projects which help
promote decarbonization, build sustainable communities, and drive
energy and resource efficiency.
"I am proud to present Power Sustainable's first Private Markets
Sustainability Report," said Olivier
Desmarais, Chairman and CEO of Power Sustainable. "This
report reflects the deliberate and concerted effort our team has
put into developing a sustainable investing approach that draws
from best-in-class practices. Across all strategies, our Firm's
investment groups are united in a shared determination to have a
positive impact on climate and society while targeting superior
risk-adjusted returns."
The Report also discusses the climate risks and opportunities
for Power Sustainable's private market activities, which is
informed by the recommendations of the Task Force on
Climate-related Financial Disclosures; it showcases the Firm's
community initiatives in the sustainability ecosystem, as it
partners with liked-minded actors to catalyze capital at scale; it
is published alongside the Firm's answers to the Sustainability
Accounting Standards Board (SASB) questionnaire; and it presents
the results of the Firm's first diversity, equity, and inclusion
survey, which will guide its work going forward.
Power Sustainable will continue to target competitive returns
and positive sustainability outcomes for the environment and
society, and welcomes an active conversation among the sustainable
finance community regarding the constant evolution and improvement
of financial disclosures in this space.
About Power Sustainable
Power Sustainable is a climate-focused investment manager
which finances companies and projects aiming for both competitive
returns and positive sustainability outcomes. The Firm offers
institutional investors exposure to alternative assets which aim to
accelerate and scale sustainable solutions across multiple
industries.
Power Sustainable is a wholly owned subsidiary of Power
Corporation of Canada (TSX: POW),
an international management and holding company that focuses on
financial services in North
America, Europe and
Asia. Power Corporation's core
holdings are leading insurance, retirement, wealth management and
investment businesses, including a portfolio of alternative asset
investment platforms.
With just over CAD$4 billion in
assets under management, Power Sustainable's mission is to catalyze
capital towards clean global solutions.
Contact
Ian Cameron
Director of Communications, Power Sustainable
438-308-7697
cameron@powersustainable.com
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SOURCE Power Sustainable