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CapMan’s Sustainability Report covering investment portfolio for 2025 has been published

Report highlights for the period 1 January–31 December 2025

Science-based climate action

  • Over half of CapMan Real Estate’s investment assets are EU Taxonomy-aligned: the share of taxonomy-aligned assets increased to 54% in 2025 (36% in 2024). Additionally, the share of assets covered by environmental certifications for buildings rose to 70% (68% in 2024).

  • Net-zero targets for operational greenhouse gas emissions from real estate investments, validated by the Science Based Targets initiative (SBTi), are progressing as planned towards the 2035 goal. Investments in geothermal energy, the transition to renewable energy, and energy efficiency measures have reduced operational emission intensity by 65% compared to 2021.

  • CapMan Infra’s portfolio company Skarta Energy is EU Taxonomy-aligned.

  • The total carbon sequestration of forests managed by Natural Capital funds was 462,000 tCO₂e in 2025. This corresponds to the carbon footprint of approximately 45,000 Finns or an average of approximately 1.3 million long-haul flights.

Operations respecting nature and planetary boundaries

  • The share of FSC- and/or PEFC-certified forests in the Natural Capital funds’ forest assets is 97%.

  • A total of 13% of our forest assets are protected, which is at or above the level of national or certification criteria.

  • The recycling rate for real estate investments rose to 52% in 2025, advancing the goal of reaching 60% in 2026.

Diverse, equitable, and inclusive business operations providing meaningful work

  • The share of women appointed by CapMan to the boards and management (independent) of infrastructure and private equity portfolio companies was 38% in 2025, in line with the target.

  • 86% of infrastructure and private equity portfolio companies follow DEI principles (diversity, equity, and inclusion).

Realization of human rights throughout the value chain

  • 96% of infrastructure and private equity portfolio companies follow human rights principles.

  • 83% of infrastructure and private equity portfolio companies follow supplier codes of conduct that also take human rights into account.

Responsibility and transparency

  • In 2025, we improved our GRESB scores at both the fund and asset level. Six CapMan Real Estate funds participated in the assessment, four of which achieved the full five stars in the Standing Investments benchmark, and the other two achieved a four-star rating. Additionally, the CapMan Residential Fund was recognized as a Global Sector Leader in the residential real estate category. CapMan Infra achieved the highest five-star rating in the assessment of assets under development for the CapMan Nordic Infrastructure II fund and improved its results across all its portfolio companies.

  • 71% of infrastructure and private equity portfolio companies have linked management remuneration to sustainability targets.

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