Hannon Armstrong Sustainable Infrastructure Capital Inc.
Hannon Armstrong Sustainable Infrastructure Capital Inc. is an American company that provides investments and loans for solar, wind, and energy efficiency projects. Among other deals, it has taken a stake in a 1.3-gigawatt renewable energy portfolio owned by utility company AES. HA Sustainable Infrastructure Capital is included in the fund because its financing supports the expansion of renewable energy and energy-efficient infrastructure.
Why is the company part of the portfolio?
Transparency: Policies & standards
Hannon Armstrong was the first U.S. public company to report how much emissions were saved through its investments. They report extensively on ESG metrics following the guidelines of the Task Force on Climate-related Financial Disclosures. The company has extense environmental and social policies in place, for example to promote hiring women and minorities in key position. In 2021, 33 % of board members were female and 11 % came from an ethnic minority.
Climate protection: Reducing emissions
In 2021, Hannon Armstrong invested $1.7 billion in climate solutions saving over 800.000 metric tones of CO₂. Besides saving emissions through its investments the company has implemented an internal carbon pricing system. This means that any emissions from company activities are penalized with a fee. Each year, the total internal carbon fee is donated to the Hannon Armstrong Foundation, which supports climate solutions in disadvantaged communities.
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