Taaleri’s private equity funds focus on renewable energy and sustainable development. Our private equity funds create, for example, wind and solar power, bio-based products that replace fossil resources and affordable and energy-efficient rental homes.
Taaleri’s vision is to become a leading investment manager operating internationally in bioindustry and renewable energy. We combine our deep industrial and financial expertise with capital to create attractive returns for our stakeholders and to build a better future. Experience has taught us that sustainability and profitability thrive side by side.
Taaleri Energia – impact through the replacement of fossil energy production
Taaleri Energia’s renewable energy-focused funds are classified as Article 9 financial products which make sustainable investments according to the EU’s Sustainable Finance Disclosure Regulation (SFDR). The funds’ sustainability goals are to replace fossil energy production and hence mitigate climate change by investing in wind and solar power projects and energy storage solutions.
Measured impact in 2023
- Taaleri’s renewable energy funds’ estimated realised emission reduction in 2023 was 1,455,562 tCO2e
- The renewable energy funds’ total combined energy production was 3,995 GWh
- All funded projects are committed to following good governance practices and minimum social safeguards (UNGP, UNGC, ILO, OECD)
Impact in practice: Taaleri SolarWind II
Taaleri SolarWind II finances approximately 1,111 MW of renewable energy capacity, which will produce emission reductions of over one million tonnes of CO2 annually over the 30+ year lifetime of the assets. In 2023, the avoided emissions were more than 700,000 tonnes.
Not only does the energy produced reduce greenhouse gas emissions, but we also contribute locally through the fund in a number of ways: we build infrastructure, employ people, improve energy self-sufficiency and pay taxes.
In autumn 2022, Taaleri SolarWind II fund won the Private Equity Wire ESG AAA European Award for Best ESG Fund: Energy Transition/Clean Energy. In addition, the fund was ranked among the top three in the ESG Fund of the Year category.
Taaleri Bioindustry – impact through the replacement of fossil and virgin raw materials and the promotion of circular economy
Bioindustry is part of a wider concept of bioeconomy. Bioindustry comprises several technologies that aim towards the resource-efficient utilisation of biomass, such as low-carbon energy production, products and materials with a high degree of processing, recycling, and utilisation of waste and side streams. Taaleri Bioindustry Fund I is classified as an Article 9 fund that makes sustainable investments under the EU Sustainable Finance Disclosure Regulation (SFDR). Taaleri’s Bioindustry business also includes projects such as the Fintoil tall oil refinery and the upcoming Joensuu Biocoal factory producing torrefied biomass.
Taaleri Bioindustry Fund I invests in industrial scale proven technologies and industrial-scale production facilities that can accelerate the scaling of bioindustry production. Solutions mitigate climate change, promote circular economy, control and prevent pollution, and replace fossil and virgin raw materials. Taaleri Bioindustry I Fund has invested in Colombier, which produces 100% recyclable, biodegradable and plastic-free paper and board packaging. The fund has also invested in Nordic Bioproducts Group, a Finnish company producing cellulose-based materials from industrial and agricultural side and waste streams. E.g. in the textile industry, pulp-based fibres can replace cotton and artificial fibres, and in the packaging industry, plastic.
Joensuu bioindustry plant is a co-investment. Plant produces torrefied biomass which can replace coal and which can support hard-to-decarbonize industries. The plant is estimated to complete in 2024.
Bioindustry Fund I measured impact in 2023
- Carbon handprint 290 tCO2e
- Renewable raw materials: 75%
- Target companies are committed to net zero emissions target by 2050 (NZAM).
- 100% of investment targets are committed to following good governance practices and minimum social safeguards (UNGP, UNGC, ILO, OECD))
Taaleri Real Estate – impact through affordable and energy-efficient housing
Taaleri Real Estate funds make investments in built-to-rent residential properties, public properties, office premises and warehouse and logistics properties. Two of these are classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR). These Article 8 funds promote environmental and social sustainability characteristics, such as affordable, accessible, and energy-efficient housing.
During the projects’ construction phase, we take into account the sustainability and recyclability of building materials, among other things.
Measured impact in 2023
- Affordable rental apartments constructed: 813 (61 under construction) in Taaleri Rental Homes Fund
- Energy-efficiency classification A: 100 % of properties constructed in Taaleri Housing Fund VIII
Impact in practice: Taaleri Housing Fund VIII
Taaleri Real Estate’s first EU taxonomy-aligned properties were completed during 2023. The properties were built for Taaleri Housing Fund VIII in Turku and Kirkkonummi. Taxonomy is an EU classification system for sustainable finance, which determines, for example, what kind of investments are in line with sustainable development. In Taaleri's fund, this means in practice that the sites contribute significantly to mitigating climate change.
Aittakuja 3 in Kirkkonummi is the first residential property in Finland to use low-carbon concrete elements to this extent. Low-carbon concrete was used in the floor slabs of the buildings, load-bearing walls and elevator shafts. This made it possible to reduce carbon dioxide emissions during construction by approximately one fifth. This means approximately 200,000 kg less emissions (CO2e) compared to a standard solution.