ESG report 2022

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Our own carbon footprint

While the emissions from our own organisation are a fraction of the emissions that CIP’s funds help avoid, we are committed to reduce emissions in our own operations and have set our first CIP-level climate target:

Scope 1 emissions target
N/A – CIP currently has no Scope 1 emissions
Scope 2 emissions target
Increase annual consumption of renewable electricity from 84% in 2022 to 100% by 2025
Scope 3 emissions target
Reduce Scope 3 GHG emissions by 45% per FTE by 2030 from a 2022 base year

We have chosen an intensity-based Scope 3 target due to our significant growth ambition of having EUR 100 bn under management by 2030, which will require many more new employees and a substantial increase in our overall activity level. 


Our work in 2022

To support our climate target, we have developed a CIP Decarbonisation Action Plan, detailing three focus areas where we will accelerate our emission reduction efforts:

  • Energy consumption at our office
  • Buying office products
  • Business travel


Our CIP Decarbonisation Action Plan was developed based on insights from a comprehensive 2022 Scope 1-3 baselining exercise. Since 2021, we have measured and tracked emissions from our own operations according to the GHG protocol. 


Focus ahead

We are developing an offsetting strategy to offset residual emissions on CIP management-level. The strategy will seek to ensure emissions are offset in accordance with the Oxford Principles of Net Zero Aligned Carbon Offsetting. 


Our Biodiversity Action Plan

Biodiversity loss and climate change topics are interconnected. GHG emission reductions resulting from renewable energy deployment, as CIP seeks to do through its funds, address climate change and thereby contribute to slowing the decline in global biodiversity and supporting its recovery. 

CIP recognises, however, that renewable energy projects can impact the immediate environment of that project. Biodiversity considerations are already an integral part of CIP’s current project development and investment process as well as our focus ahead. 


Our work in 2022

We have taken action to address the biodiversity impact of CIP’s funds’ future investments. This action will be formalised in the CIP Biodiversity Action Plan, to be launched in 2023.

The Biodiversity Action Plan builds on existing project-level practices and formalises our three guiding principles for addressing biodiversity in CIP’s funds’ investments. 

Perform impact assessments to understand environmental and biodiversity impacts
Implement relevant measures to protect and restore biodiversity
Seek reporting on biodiversity impacts and measures taken to protect and restore biodiversity

Focus ahead

The adoption of CIP’s Biodiversity Action Plan will concretely and formally document our principal strategic initiatives within the biodiversity area. It will be further developed in years to come, to align with the emerging global best-practice frameworks and standards within biodiversity, many of which are still under development.

Veja Mate Germany 07
Expected commercial operation date
Expected FTE years created
800 MW
Project capacity

Bohrturm Bohrplatz Graben Neudorf (C) DEW
Completed working hours since 2021
Expected commercial operation date
31 MW
Portfolio capacity

CIP ESG Report 2022

PDF (9.6 MB)

CIP ESG Report 1