Sustainability
DORE is committed to climate change mitigation through investing in renewable energy.
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Sustainability
DORE is classified as an Article 9 fund, which has a specific sustainability objective. To read to the full SFDR document, click the button below.
At a glance
Our portfolio is forecast to:
423,362 MWh energy per year
156,801
UK households' annual electricity
Environmental, Social and Governance
Environmental impact from our assets
Discover how our hydropower projects support environmental sustainability
DORE’s Sustainability Commitment
DORE is classified as an Article 9 fund, which has a specific sustainability objective. To read the full SFDR document, visit here.
As an active owner of renewable energy assets, our investments naturally contribute to climate change mitigation by reducing the greenhouse gas emissions from burning fossil fuels to generate power.
DORE delegates the day-to-day management of its portfolio to the Asset Manager. In April 2023, the Asset Manager signed up to the Net Zero Asset Managers initiative along with 301 other signatories with a combined assets under management of $59 trillion.
Social
Downing, as the investment manager, is a certified B Corp. It has made a commitment to show regard to all stakeholders, including colleagues, clients and communities. Downing also looks for a sustainable procurement process for contractors to ensure they are aligned to DORE's expectations on environmental and social performance. Working with local communities, Downing aims to consider local aspects and needs as part of each project, including, in some circumstances, a contribution of energy or investment to local community projects.
Corporate governance
Business ethics and transparency of reporting on the ESG performance of assets, including the indicators and disclosures required by the SFDR regulation, are integral to annual fund accounts and regular investor reporting. Downing has a dedicated internal infrastructure asset management team focused on achieving both financial and environmental targets. DORE is focused on , accountability and independence, both for its own board and that of its investment manager. A strict and robust approach is taken to risk management.,
Our signatories and awards
Green Economy Mark
DORE was proud to be awarded The Green Economy Mark by the London Stock Exchange (LSE) as soon as it listed in December 2020. The Green Economy Mark was introduced in 2019 and recognises listed companies and funds that derive 50% or more of their revenue from environmental solutions. The award is a recognition that DORE meets the required industry standards of the trust's commitment to positive environmental outcomes. It also provides transparency for investors, giving those seeking sustainable and strong risk-adjusted returns the reassurance that they are investing in a greener future and supporting the UK's transition to net-zero carbon.
Principles of Responsibilities Investment
DORE's commitment to ESG is reflected in Downing's (the investment manager) role as a signatory to the UN Principles of Responsible Investment (PRI). This is in addition to the UN Global Compact, the Institutional Investors Group on Climate Change and the International Corporate Governance Network.
Sustainable Development Goals
There are four Sustainable Development Goals that DORE references in investment activity:
United Nations Global Impact
Downing is committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour the environment and anti-corruption.
Additionally, DORE reports in line with the Task Force on Climate-Related Financial Disclosures, which measure both climate impact as well as the material risks and how these are managed.
Sustainability Benchmarking Assessment
DORE was proud to announce, on behalf of Downing Hydro AB, its results in the robust GRESB Sustainability Benchmarking assessment 2024. GRESB independently benchmark ESG and sustainability data in the real assets sector. Downing Hydro AB achieved 90 out of 100 points, surpassing the GRESB average in all categories, ranked first out of 695 GRESB participants for the performance component and ranked second out of six hydroelectric power generation managers in Europe overall. GRESB awarded Downing Hydro AB three out of five stars, a very strong result.
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