Attention to ESG factors is essential for achieving sustainable long-term returns

Why sustainability matters

Sustainability is ingrained in the NIO culture and the approach to investing and monitoring. NIO originates from a sustainable mindset practiced by our founders, pioneers within renewable energy infrastructure and sustainable real estate as well as a single family office with a foundation committed to deliver positive societal change. Building on this heritage, NIO firmly believes in integrating environmental, social and governance (ESG) considerations throughout the investment process both in terms of identifying new investment themes as well as continuing to raise the bar for sustainability in our investments. Incorporating ESG initiatives in the management of investment companies both serves as risk-mitigation, sound optimisation of the business, and also as an important return-enhancing feature, as companies with improved sustainability are more likely to attract a premium when sold. We invest with companies that share our guiding beliefs, and we practice active ownership to ensure our portfolio continuously lives up to our promise to offer our investors best-in-class alternative investments.

NIO has been UNPRI Signatory since 2021.

ESG Policy

Our public ESG policy is reviewed annually and applies to all our processes and investments. It guides our approach and the principles for responsible investments while ensuring adherence to applicable regulation, external standards and internal governance.

E – Environment
Environmental factors play a key role across our investments and we expect all companies in our portfolios to look for ways to reduce carbon footprint either directly or indirectly and to be acutely aware of risks due to climate change. This will also include incorporating resource and energy efficiencies in all projects.

S – Social
Respect for social and humanitarian rights must be adhered to at all times and NIO accepts no investments that would breach fundamental humanitarian principles, fundamental labour rights and companies are expected to have adequate health & safety policies.

G – Governance
NIO accepts no corruption and/or bribery by any of the parties involved in an investment and requires companies to respect sanctions on jurisdictions by the UN, EU, USA or UK. Investments that on the investment date are domiciled in jurisdictions on the European Union list of non-cooperative jurisdictions for tax purposes are avoided.

Manager ratings will be updated annually to reflect potential improvements/changes to ESG approach and developments over time - as well as new regulatory/legal and market standards and requirements

Read our ESG policy here

Our ESG approach

We believe that sustainability is about acting responsibly without compromising financial returns. We deliberately and systematically integrate ESG risks and opportunities by actively screening, rating and monitoring our investments and our managers’ approach to ESG. NIO has developed an ESG rating tool, which consistently and meticulously scores ESG integration at each of the funds we invest in. We consistently act in the best interests of our investors and other stakeholders, looking for investments that are able to generate sustainable value and long-term returns.

Sustainable Development Goals

The Sustainable Development Goals (SDGs) are used as a framework by many of the managers we have committed to and several of the goals are represented in our investments depending on the asset class.

ESG Rating

In 2021, NIO developed and implemented an in-house tool that rates managers’ commitment to ESG with inputs from NIO’s ESG Advisory Board, General Partners and Limited Partners. The tool is designed to be a useful guidance to understand the manager’s commitment to ESG and to have a standardised framework across funds as well as have a dialogue with managers about areas of improvement. Managers are rated based on +50 multiple choice questions grouped into three categories related to:

ESG approach
ESG policies, procedures and level of integration into decisions.

Corporate buy-in
To what extent is ESG considerations part of the culture at the GP and an area of priority.

Reporting & monitoring
Level of reporting and tracking of ESG developments with portfolio companies.

ESG report

On an annual basis NIO publishes a report on ESG and share our progress and ESG priorities including case studies and updates of ESG ratings for our investments.

Sustainability-related disclosures

We release disclosure statements in compliance with Article 10 (1) of the European Union Sustainable Finance Disclosure Regulation (SFDR).

Article 10 – Website Disclosures

NIO IFF I – SFDR art. 10 website disclosure
NIO IFF II – SFDR art. 10 website disclosure
NIO IFF III – SFDR art. 10 website disclosure
NIO IFF IV – SFDR art. 10 website disclosure
NIO IFF V – SFDR art. 10 website disclosure
CI ETF I F&F – SFDR art. 10 website disclosure
CI IV F&F – SFDR art. 10 website disclosure
CI V F&F – SFDR art. 10 website disclosure
Nordic Investment Opportunities CIV III K/S – SFDR Product Disclosures
Nordic Investment Opportunities CIV IV K/S – SFDR Product Disclosures
NIO Real Estate II SCSp – SFDR Product Disclosures
NIO Global Infrastructure I Feeder K/S – SFDR Product Disclosures
NIO Global Infrastructure I SCSp – SFDR Product Disclosures

Periodic Disclosures

Nordic Investment Opportunities CIV I K/S – SFDR – Art8 template
Nordic Investment Opportunities CIV II K/S – SFDR – Art8 template
Nordic Investment Opportunities CIV III K/S – SFDR – Art8 template
Nordic Investment Opportunities CIV IV K/S – SFDR – Art8 template
Infrastructure Feeder Fund I K/S – SFDR – Art8 template
NIO Infrastructure Feeder Fund II SCSp – SFDR – Art8 template
NIO Infrastructure Feeder Fund III K/S – SFDR – Art8 template
NIO Infrastructure Feeder Fund IV SCSp – SFDR – Art8 template
CI IV Sponsor Investor F&F K/S – SFDR – Art8 template
CI ETF I Sponsor Investor F&F K/S – SFDR – Art8 template
NIO Real Estate I K/S – SFDR – Art8 template
NIO Real Estate II SCSp – SFDR – Art8 template

NIO oversight

NIO has an ESG Steering Committee comprising of members from the investment team, investor relations, operations and compliance. The ESG Steering Committee is responsible for overseeing and developing NIO’s ESG and engagement agenda and for coordinating ESG activities across the firm. This includes the NIO Sustainability Academy where all NIO employees on a quarterly basis are updated and educated on an ESG topic to help raise the general knowledge of ESG matters at a firm level.

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Anders Sandvig

Legal Manager

anders.sandvig@nio.partners

Anders Sandvig

Anders is a Legal Manager in our Operations team and focuses on legal and compliance matters. He has several years of experience within corporate legal compliance and joins NIO from a position as Legal Associate at Intertrust, where he led their Funds Administration legal team. Prior to his time at Intertrust, he worked at TMF Group where he focused on global expansion and business development and at Alm. Brand as Compliance Officer. Before moving to Copenhagen, Anders was an entrepreneur and provided pro bono legal advice as a Manager at Retshjælpen Fyn. Anders holds a Master of Laws from the University of Southern Denmark.

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Guido Hansmeyer

Director

guido.hansmeyer@nio.partners

+49 (0)176-99321110

Guido Hansmeyer

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Rebekka Andersen

Senior Associate

rebekka.andersen@nio.partners

Rebekka Andersen

Rebekka is part of our investment team and focuses on exploring and analyzing new investment opportunities across all offered asset classes. She has worked within both shipping and pharma, and, prior to joining NIO, Rebekka was an intern at Verdane Growth Capital where she gained experience with PE transactions focusing on software companies. Rebekka holds an MSc in Applied Economics and Finance from Copenhagen Business School.

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Rune Blach Madsen

Senior Financial Manager

rune.madsen@nio.partners

Rune Blach Madsen

Rune is Financial Manager in our Operations team and focuses on optimizing the fund management and accounting processes. Prior to joining NIO, Rune worked with fund administration of alternative investments in Nykredit and, as a result, brings experience within e.g. financial reporting, valuation, controlling and fund management. Prior to Nykredit, Rune worked as a consultant within project controls where he gained knowledge of controlling, planning, budgeting and optimization in projects. Rune holds a Master of Science in Accounting, Strategy & Control from Copenhagen Business School.

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Ulrik Smith Johansen

Vice President

ulrik.johansen@nio.partners

+45 24 25 91 57

Ulrik Smith Johansen

Ulrik brings with him +25 years of experience in the Danish financial sector and he has spent +20 years working in the asset management industry in Denmark.
Prior to NIO, he worked for Alternative Equity Partners. He previously held positions at Nordea AM, SEB AM, Nykredit AM, and Danske Capital.

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Ulla Agesen

Managing Director

ulla.agesen@nio.partners

Ulla Agesen

Ulla has 20+ years of experience from the industry, throughout her career focusing on evaluating GPs/asset managers across liquid and illiquid markets. Most recently, she was Head of Alternative Investments at Nykredit where she was responsible for building Nykredit's infrastructure FoF platform to reach EUR 1bn. Previously, she held the role as Head of Equity Research at Aon Hewitt in London and, prior to that, MD at Kirstein A/S as well as teaching assistant at Aarhus and Copenhagen Business Schools. Ulla holds a Master in Finance and Accounting from Aarhus School of Business.

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Olle Thelin

Vice President

olle.thelin@nio.partners

Olle Thelin

Olle brings with him M&A advisory experience from Deloitte Financial Advisory, and, most recently, Olle has worked with investments and portfolio management at PFA Pension’s Alternative Investments team. At PFA, he worked with private market investments, including fund commitments and co-investments, primarily in the private equity space. Olle holds a Master’s degree in Finance and Strategic Management from Copenhagen Business School.

To meet the demands of the future, we have an ESG Advisory Board with four highly qualified and experienced industry experts who supports both the executive management team and the investment team. The Board is intended to bring an “outside-in” perspective on NIO’s commitment to ESG, challenge conventional thinking and help shape the positive impact NIO can have when working with managers across the private markets.

We rely on seasoned ESG specialists for strategic counseling

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Malin Lindfors Speace

Partner & Senior Advisor, Ethos International

Malin Lindfors Speace

Founder of Ethos International and specialised in sustainable business development. Malin has extensive experience from working with multinational and Nordic companies on sustainability issues, including integrating sustainability risks into risk management and asset management.

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Melanie Brooks

Portfolio Manager and Head of ESG at Fondsfinans Kapitalforvaltning

Melanie Brooks

Melanie Brooks is Portfolio Manager and Head of ESG at Fondsfinans Kapitalforvaltning. She also serves on the board of Up Norway, Lakers Group and Applied Hydrogen AS. Prior to joining CARN, Melanie was Head of ESG Risk Monitoring at Norges Bank Investment Management (NBIM). She has previously held roles in ESG at Folketrygdfondet and Société Générale and was a founding member of NORSIF. Melanie holds a Post-Graduate Diploma in Financial Strategy from Said Business School, an M.Sc. in Development Studies from NMBU and a B.A. in Anthropology from the University of New Mexico.

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Jens-Christian Stougaard

Chief Executive Officer, The Danish Recovery Fund

Jens-Christian Stougaard

CEO at The Danish Recovery Fund (Danmarks Genopretningsfond) and heading the consultancy, HaNoLo Analytics. From 2009 to 2018 he was Senior Vice President at PensionDanmark. Previously a member of the Pension Policy Committee at Insurance & Pension Denmark (2012-2018) and member of the Strategy Officers Community at World Economic Forum (2014-2018). From 2013-2018 he was chairman at Dansif (Danish Social Investment Forum). He holds an Executive MBA from Copenhagen Business School (2007) and an MSc in Economics from University of Copenhagen (1999).

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Xenia Loos

Co-creator, Collective Action

Xenia Loos