Under The CarbonNeutral Protocol, MV Credit calculated all emissions associated with its offices and business activities (scopes 1, 2 and all required scope 3). It offset these emissions by providing essential finance to an emissions reduction project - the Andhra Pradesh State Wind Power project, in India.
This project uses 42 wind turbines to generate a capacity of 84 MW. By delivering clean renewable energy, the wind farm displaces energy generated from fossil fuel power plants and helps to diversify India’s overall energy mix.
“This certification reflects the focus towards MV Credit becoming a more sustainable organisation by improving environmental performance and sustainable growth,” says Alexandra Sarrafan, Office Manager and a member of MV Credit’s ESG Committee.
“This certification is important for us as an organisation, but also important for existing and prospective clients”. With major changes ahead as the Paris Climate Agreement is rolled out over the next couple of years, there is clear momentum to mitigate climate change. LPs are understandably very focused on climate issues.
“Our next steps will focus on other aspects of sustainability, such as inequality. We already have a number of charitable collaborations in this respect.”
The CarbonNeutral Protocol is the leading global standard for carbon neutral programmes and provides robust and credible evidence of carbon neutrality for certified companies such as MV Credit.
In the case of MV Credit, its CarbonNeutral company certification was overseen and awarded by Natural Capital Partners , experts in carbon neutrality and climate finance. “Certification by an organisation such as Natural Capital Partners provides transparent, independent assurance of our climate action,” Sarrafan adds.
For further reading:
- Integrating ESG Risks in Private Debt
- Private Debt Investing with ESG Criteria
- MV Credit Gets Straight “A”s in UNPRI Assessment
About MV Credit:
MV Credit Partners LLP
Registered Number : OC397214
Authorised and Regulated by the Financial Conduct Authority (FCA)
45 Old Bond Street
London W1S 4QT
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
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