(Alliance News) - HydrogenOne Capital Growth PLC said on Wednesday it is now classified as an Article 9 Fund under the EU Sustainable Finance Disclosure Regulation & EU Taxonomy Regulation, following its strong environment, social and governance commitments.
The Edinburgh-based clean hydrogen investment fund said the classification reaffirmed its sustainable investment objectives, alongside becoming a signatory of the United Nations-supported Principles for Responsible Investment.
This includes a commitment to reports its greenhouse gas actual and avoided emissions on an annual basis.
HydrogenOne's net asset value per share marginally decreased to 96.49 pence at the September 30 third-quarter end, from 96.85 pence on June 30. It said higher yields on government bonds resulted in increased discount rates for the company, reducing NAV per share by 1.43 pence.
It said it invested GBP103.2 million in low-carbon growth, including GBP8.4 million in a new private equity position in Strohm Holding BV, increasing its number of private portfolio positions to nine.
Total net assets were at GBP124.3 million at the end of its third quarter, while cash reserves were at GBP22.4 million.
Shares in HydrogenOne rose 0.4% to 85.40 pence in London on Wednesday afternoon.
By Greg Rosenvinge; gregrosenvinge@alliancenews.com
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HydrogenOne (HGEN)