Cube’s long term “buy-and-grow”
strategy’s value creation relies on contributing both to the social welfare and
to the shift towards a low carbon economy.
Cube implements Environment, Social
and Governance (“ESG”) principles in its work environment and in its
remuneration policy. As a signatory of UNPRI, Cube commits to implement the
defined principles and to report on its action through the filing of the PRI
Reporting Framework every year. Cube II is also a member of the GRESB
ESG Organization & Process: Since 2016, Cube has formalized a
detailed Environment Social Management System – Responsible Investment, providing
a framework for comprehensive ESG Due Diligences and subsequent action plans,
covering ESG Governance, Business Ethics, Human Resources, Health & Safety,
Supply Chain, Environment, Community Involvement and Climate-related risk.
Cube also appointed an ESG Committee
and allocated sectorial responsibilities to junior team members to better
foster best practices sharing across the portfolio, under the supervision of
the ESG Coordinator (a senior investment team member with long standing
experience in the field).
The Investment Team, the ESG
Coordination Team and the management portfolio companies work together, with
the help of third-party expert advisors to define, measure progress and
regularly update the action plans. These actions plans are monitored at the
companies’ board level, with defined objectives and incentives, in order to
better position our companies.
Our strategic sectors contribute both to the social welfare and to the shift towards a low carbon economy (focusing on avoided emissions), notably:
Public Transport: efficient public transport (buses, regional trains, etc.) provide all citizens affordable means to commute, which is of increasing importance (more mobility, congestion risks in cities, etc.) and participate greatly to the avoidance of GHG emissions (limiting the use of personal cars, etc.), especially as the trend towards greener public transport currently materializes.
Energy: if renewable power plants are part of the strategy, the primary focus has been set on district heating and energy efficiency. Notably centralized district heating systems enable the use of waste heat and facilitate the use of renewable energy sources and the reduction of the heating cost for the end-customer (businesses, social housing, etc.) over the long run.
Communication Infrastructure: Our strategy both with Cube and the Connecting Europe Broadband Fund is to focus primarily on open-access networks in underserved areas (most often semi-dense and rural areas), where the digital divide creates a new exodus for businesses and people from less dense (and more affordable) locations to already congested cities. By encouraging the use of teleworking, e-government services, videoconference, etc. such networks allow the avoidance GHG emissions.
Cube's ESG commitments
Responsible Investments and Selected KPIs
Specific and detailed information on our ESG strategy, Cube actions within the industry (including academic work), the extra-financial performance of our investments, progress with respect to action plans and key initiatives is available to our investors in our Annual ESG Reports.
UN PRI Strategy & Governance : A+ (2017, 2018)
UN PRI Infrastructure : A+ (2017, 2018)