Madrid, 03/02/2025 – Incus Capital, the leading Real Assets specialist, is pleased to announce the publication of its 2024 Sustainability Report, outlining the firm’s continued commitment to integrating Environmental, Social, and Governance (ESG) principles into its investment strategies.
Since its inception, Incus Capital has focused on asset-backed lending and real assets investing, recognizing the importance of sustainability in long-term value creation. The 2024 report highlights key milestones achieved over the past year, the firm’s ongoing SFDR-aligned investment approach, and its forward-looking ESG ambitions.
A Holistic Approach to ESG in Alternative Investments
The integration of sustainability considerations has been a core aspect of Incus Capital’s investment philosophy. The firm’s latest funds are classified under Article 8 and Article 9 of the Sustainable Finance Disclosure Regulation (SFDR), ensuring compliance with European ESG standards while considering sustainability goals in its investments.
In 2023, Incus Capital successfully launched the Incus Foundation, a dedicated initiative aimed at supporting environmental and social projects within the communities where the firm operates. Building on this commitment, 2024 has been a year of meaningful action and engagement. The Incus Foundation has actively contributed to projects that align with its core values of sustainability, conservation, and community support:
Marine Conservation with Oceanogràfic: Recognizing the importance of protecting marine ecosystems, Incus Capital partnered with the Fundación Oceanogràfic de Valencia to support the removal of ghost nets—abandoned fishing nets that pose a severe threat to marine life. This initiative helps preserve biodiversity and prevent further damage to fragile underwater habitats.
Investing in a Sustainable Future with Team for the Planet: Through the acquisition of Green Shares, Incus Capital has strengthened its commitment to scaling climate solutions. By supporting Team for the Planet, a global initiative focused on funding and developing breakthrough technologies to combat climate change, the firm is contributing to the acceleration of a low-carbon economy..
Disaster Relief in Valencia: Following the devastating DANA (Depresión Aislada en Niveles Altos) storm that severely impacted Valencia, the Incus Foundation made a dedicated donation to aid the recovery efforts. The contribution helped provide immediate assistance to affected communities, reinforcing Incus Capital’s commitment to social responsibility and local resilience.
Through these initiatives, Incus Capital aims to support projects that create tangible, long-term benefits for both the environment and society.
As the firm expands its investment approach delivering outstanding financial returns all the while supporting sustainability criteria, the Incus Foundation remains a key pillar in amplifying its impact beyond financial markets.
Key Highlights from the 2024 Sustainability Report
Real Assets with a Purpose: The firm has invested over €3 billion across renewable energy, sustainable infrastructure, and responsible real estate, contributing to the energy transition and improved urban development.
European Renewables Credit Fund II: As the firm’s first Article 9 impact fund, this initiative provides flexible credit solutions to renewable energy producers, bridging financing gaps in the sector and accelerating Europe’s transition to a low-carbon economy.
Commitment to Transparency & Accountability: The report outlines rigorous ESG metrics that measure the firm’s sustainability performance, ensuring long-term alignment with investors, regulators, and the broader financial ecosystem.
Looking Ahead: A Future Focused on Sustainability
As global sustainability challenges continue to evolve, Incus Capital remains committed to proactively identifying ESG-driven investment opportunities that generate both financial and environmental returns.
When asked about the focus over the next 12 months, Gianluca Bacelliere and Kamila Bouyahiaoui, both ESG team Vice Presidents, had the following to say:
GB: From an investment standpoint, we have dedicated significant time to designing the necessary operational framework to seamlessly integrate ESG into the fund cycle. With the implementation now complete, our focus shifts to execution—driving impact where possible and gathering essential data.
KB: With the groundwork in place, we now focus on implementing tailored ESG roadmaps for our investee companies while prioritizing data collection and analysis. This ensures ESG is deeply integrated into our operations, driving meaningful impact. Simultaneously, we remain committed to supporting impactful projects through the Foundation.
The firm will continue to develop thematic funds that address key global issues such as renewable energy, sustainable urban development, and infrastructure modernization.
The full 2024 Sustainability Report is now available for download.
Click to download Incus Capital Sustainability Report
