Eurazeo today announced that its Eurazeo Sustainable Marine Infrastructure (ESMI) fund has taken significant efforts to promote the global maritime industry’s transformation to a carbon-neutral economy by 2050, in line with the European Green Deal’s goals.
The Sustainable Finance Disclosure Regulation classifies ESMI under Article 9 due to its sustainable investment purpose (SFDR).
The rapid pace of money raising, with a total of EUR 200 million raised, demonstrates ESMI’s appeal. As of today, the Fund has already attained more than half of its goal fund size.
The European Investment Fund (EIF) has made a EUR 70 million cornerstone investment in ESMI, utilising funds from the European Fund for Strategic Investments (EFSI), the Investment Plan for Europe’s major pillar.
As a result, through the EFSI Private Credit Tailored for SME initiative, ESMI has become the first green leasing fund supported by the EIF. State organisations, insurance, corporations, private sales networks, and international investors are among the other investors.
The whole amount invested will go toward three key assets: environmentally friendly vessels that use more efficient or alternative fuels, innovative port equipment and infrastructure to help with the ecological transition, and assets that assist the growth of offshore renewable energy.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.