Pacifico Renewables Yield AG publishes first sustainability report

June 29, 2021
  • Reporting in accordance with Global Reporting Initiative standards
  • Definition of sustainability strategy with specific topics, initiatives and targets

Grünwald, June 29, 2021 – Pacifico Renewables Yield AG (ISIN: DE000A2YN271) (the “Group”, “Pacifico Renewables”), an independent energy producer from renewable, today published its first sustainability report (the “Report”). The Report describes the Group’s stakeholder engagement process to identify material sustainability topics, its corporate values, its commitment to advancing the United Nations Sustainable Development Goals, and its contribution to meeting the goals of the Paris Climate Agreement. In addition, the Report provides an overview of Pacifico Renewables’ governance and presents its sustainability strategy, which is derived from the Group’s sustainability framework. The framework addresses three main pillars: delivering renewable energy in a sustainable and efficient way, fostering talent, communities and digitalization, and be a responsible renewable energy platform. Each of these pillars includes material sustainability topics and corresponding targets, performance measures and initiatives, as well as their contribution to the United Nations Sustainable Development Goals.

Christoph Strasser, Co-CEO: “We are pleased to provide our stakeholders with insights into our sustainability activities and to present our sustainability strategy. In addition, we have set explicit targets against which we will measure our progress and report on annually going forward.”

With this Report, Pacifico Renewables has achieved its stated goal of publishing a sustainability report for fiscal year 2020 based on the Global Reporting Initiative Standards (“GRI”)[1], one of the world’s most widely recognized and comprehensive sustainability reporting standards.

Martin Siddiqui, Co-CEO: “We want to continuously expand our contribution to a more sustainable future, not only by producing 82 GWh of “green” electricity, as we did last year, but also by acting as a responsible part of society. As a former competitive athlete, I am particularly proud that we support the “Sprungbrett Zukunft” initiative in cooperation with the Stiftung Deutsche Sporthilfe. Thereby we offer young top athletes the opportunity to gain professional experience during short-term internships with flexible working hours while following demanding training schedules.”

 

About Pacifico Renewables Yield AG

Pacifico Renewables Yield AG is an independent energy producer listed on the open market of the Dusseldorf Stock Exchange with additional requirements (Primärmarkt) (ISIN: DE000A2YN371) with the aim of building up a gradually growing portfolio of plants for energy generation from renewable sources. With operational wind and photovoltaic power plants spread across Europe, the Group offers a clear and diversified profile with stable and predictable earnings.

 

[1] Global Reporting Initiative Website: https://www.globalreporting.org/

 

Disclaimer

This press release may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the future business situation, earnings situation, and results of Pacifico Renewables Yield AG (“forward-looking statements”). Forward-looking statements can be identified by words such as “believe”, “estimate”, “anticipate”, “expect”, “intend”, “will”, or “should” and their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the Management Board of Pacifico Renewables Yield AG and involve significant known and unknown risks and uncertainties, therefore actual results, performance and events may differ materially from those expressed or implied by forward-looking statements. Forward-looking statements contained herein should not be construed as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release are only valid on the date of this publication. We will not update the information, forward-looking statements or conclusions contained in this release in light of subsequent events or circumstances, nor will we reflect subsequent events or circumstances or correct inaccuracies that arise after the date of this release as a result of new information, future developments or otherwise, and we do not assume any obligation to do so. We do not assume any responsibility whatsoever that the forward- looking statements or assumptions contained herein will occur.

 

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