Taking into consideration Hvitsten's aim of managing funds that make investments in renewable energy assets or renewable energy related assets, Hvitsten is of the view that such investments, by concept, have the potential to or will make a positive contribution towards the environmental objective of mitigation of climate change. This long-term vision is aligned with the United Nations Sustainable Developments Goals (“SDGs”), with a particular focus on SDG 7, clean and affordable energy. Hvitsten ’s standard for sustainable investments is based on the assumption that a consistent focus on sustainability factors (environmental, social and governance issues) is critical to the long-term success of investments.
Hivtsten’s approach is guided by internationally recognised principles such as the UN Global Compact, the UN Guiding Principles on Business and Human Rights, the G20/OECD Principles of Corporate Governance, the OECD Guidelines for Multinational Enterprises and other sector specific standards.
