SFDR Article 10
Wind Fund I AS, an article 9 fund
For professional investors only
This disclosure relates to Wind Fund I AS (the “Fund”), and is provided for the purposes of Article 10 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (“SFDR”) as amended by Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment and amending Regulation (EU) 2019/2088 (the “EU Taxonomy”), as supplemented by regulatory technical standards (“RTS”).
The Fund is an alternative investment fund fully subscribed with committed capital from professional investors only.
Hvitsten AS (the Investment Manager) provides portfolio management and risk management services to the Fund in accordance with the Fund's investment mandate. The Fund invests in operational renewable electricity generation assets in developed countries. The core sustainable investment objective of the Fund is to accelerate the transition to low carbon economy through its investments, building and operating a diversified portfolio of renewable energy assets. More specifically, the Fund is intended to contribute to the environmental objective of climate change mitigation through investments in renewable power generation assets that help to facilitate the transition to a low-carbon economy.
The Fund causes no significant harm to any sustainable investment objective. To ensure this, the Investment Manager (i) considers the principal adverse impacts of its investment decisions relating to the Fund and mitigates their impact by implementation of the Investment Manager’s Sustainability Investment and Risk Policy, and (ii) assesses alignment with the minimum safeguards. In addition, all investee companies are required to follow good governance practices, which is assessed and monitored by the Investment Manager on an ongoing basis.
There are a several binding elements of the investment strategy implemented in the investment process on a continuous basis to attain the sustainable investment objective including:
(a) investing only in assets permitted by the investment strategy;
(b) applying the Investment Manager’s exclusion policy;
(c) do not significant harm assessment;
(d) good governance assessment;
(e) Taxonomy-alignment;
(f) engagement.