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Carbon Footprint Summary Statement
Atlantic Premium Capital Partners SA recognises its responsibility to protect our planet and is taking steps to monitor, assess and minimise its impact on the environment. This carbon footprint assessment covers the reporting period {1 January 2022 to 31 December 2022} for the following funds managed by Atlantic Premium Capital Partners SA:
- Atlantic Via, (VCF), Risk Capital Fund
- FGI VS New Era Balanced Fund FCR
The values represented for the eligible funds are derived from data relating to the assets under management and in operation. The methodologies and (where applicable) data limitations for each of the funds are stated within the notes. To address this, Atlantic Premium Capital Partners SA plans to implement a comprehensive framework that standardises the data collection processes, promotes transparency, and integrates advanced analytics to ensure more accurate and consistent measurement of carbon emissions across all relevant investment fund reporting.
Product Level Carbon Footprint (Fund Level)
| Fund Name | Atlantic Via, (VCF), Risk Capital Fund | |
| Name | Lote 106 | Lote 107 |
| Description | Small property villas, with EPC provided to calculate operational energy consumption and emissions | Small property villas, with EPC provided to calculate operational energy consumption and emissions |
| Emission sources | Operational | Operational |
| Data Input | Activity level (kWh and tCO2e) | Activity level (kWh and tCO2e) |
| Emission Factor | n/a | n/a |
| Emission Factor Region | n/a | n/a |
| Emission Factor Source | n/a | n/a |
| Emissions (tCO2e) | 8.14 | 2.92 |
| Notes | Emissions calculated from EPC certificates provided for the properties. | Emissions calculated from EPC certificates provided for the properties. |
| Fund Name | FGI VS New Era Balanced Fund FCR | ||
| Name | Largo Rodrigo Fretias (x2) | Rua Nova Loureiro | Rua Passadicos |
| Description | Multi-story property due to undergo renovation. APCP provided contractor works agreement and technical data sheet. | Multi-story property due to undergo renovation. APCP provided contractor works agreement and technical data sheet. | Multi-story property due to undergo renovation. APCP provided contractor works agreement and technical data sheet. |
| Emission sources | Renovation | Renovation | Renovation |
| Data Input | Spend-based (EUR) | Spend-based (EUR) | Spend-based (EUR) |
| Emission Factor | Construction | Construction | Construction |
| Emission Factor Region | PT | PT | PT |
| Emission Factor Source | Exiobase | Exiobase | Exiobase |
| Emissions (tCO2e) | 55.75 | 48.46 | 71.5 |
| Notes | Emissions from contracted works agreement cost, excluding the VAT (tax), as per the GHG Protocol recommended exclusions (regulatory fees) | Emissions from contracted works agreement cost, excluding the VAT (tax), as per the GHG Protocol recommended exclusions (regulatory fees) | Emissions from contracted works agreement cost, excluding the VAT (tax), as per the GHG Protocol recommended exclusions (regulatory fees) |
Total Greenhouse Gas Emissions
The total greenhouse gas (GHG) emissions produced directly and indirectly by each fund’s (Atlantic Via, (VCF), Risk Capital Fund, FGI VS New Era Balanced Fund FCR) activities have been calculated and reported in carbon dioxide equivalents (CO2e), as follows:
- Scope 1: n/a
- Scope 2: 11.06 tCO2e
- Scope 3: 175.71 tCO2e
Total GHG emissions: 186.77 tCO2e
Conclusion
In conclusion, addressing the carbon footprint of our fund(s) properties in Portugal is a critical step towards achieving our sustainability goals. By standardising our data collection methods, enhancing transparency, and utilising advanced analytics, we aim to obtain more accurate and consistent measurements of our carbon emissions. These efforts will inform our strategic decisions and enable us to implement more effective carbon reduction initiatives. We are committed to continuous improvement and innovation, ensuring that our investment properties contribute positively to environmental sustainability and align with the evolving expectations of our investors and stakeholders.