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Environmental, Social & Governance (ESG)

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ESG: New Momentum, New Responsibilities

We have developed a focused ESG strategy that reaches into all areas of our operations: both within our business and across our portfolio companies.

The strategy is underpinned by a long-term roadmap that tracks how – through a variety of projects and initiatives – we can meet our ESG objectives.

The Bluewater ESG Committee

The ESG committee we have established at Bluewater is the focal point for setting direction, learning and knowledge sharing to allow each deal team to work with portfolio management to build better companies.

Graeme Sword

Chairman of the ESG Committee

Rosie Micklewright

Frazer Blyth

Tatiana Belova

James Braithwaite

Salil Oberoi

Bluewater believes that Responsible Investment is core to our firm’s ambition: to build world-class energy companies.

We recognise that ESG can influence long-term company value and that it is in the best interest of our investors to incorporate ESG into our investment analysis, decision-making and portfolio company engagement processes.

122Portfolio companies are now formally reporting on 122 KPIs and metrics.
Case Study

People Power for the Energy Transition

Acknowledging a Global Skills Shortage

The renewable energy sector is experiencing unprecedented growth as technological advances support the emergence of new developments globally.

Case Study

The transformative approach of Galileo and Edge LNG

A technology-led solution

In 2016, Bluewater invested in Argentinian engineering and technology company, Galileo Technologies (Galileo). Galileo had pioneered a fully mobile LNG solution to make the most of its country’s remote and stranded gas assets.

Signing up
for Sustainability

During 2020 Bluewater became an official signatory to the UN Principles for Responsible Investment (PRI).

It confirms our commitment to Responsible Investment as a strategy and practice, and to incorporate ESG factors into our investment decisions and active ownership. In doing so, we join over 3,000 other international signatories representing $103.4 trillion assets under management.

Carbon Neutral

As part of our journey to carbon neutral status, we have contributed to Verified Carbon Standard projects – meaning they meet one of the leading standards for voluntary carbon offsetting.

For each tCO2 being offset, one native tree is planted in Kenya’s Great Rift Valley and an additional tCO2 is offset through the 199.70 Wind Project in Maharashtra in India.

The renewable energy sector is experiencing unprecedented growth as The United Nations’ Sustainable Development Goals represent an ‘urgent call for action’ by all countries in a worldwide partnership.

The UN says they ‘recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests’.

Eight of those goals link directly to all individual elements of our ESG focus areas: safety & security, environmental impacts, business governance and workplace & community

Connecting the UN goals to our own priorities serves to strengthen the foundations of our ESG work, places it in a global context and helps us measure the performance of our existing agenda. It illustrates how our efforts at Bluewater – indeed the efforts of every individual business – contribute to common goals.

Bluewater has chosen 8 SDGs that it closely aligns with

Supporting Good Causes

Bluewater supports and encourages portfolio company partnerships with charities, serving to create long-term relationships that realise lasting change.

Bluewater enjoys successful relationships with charitable organisations and has supported numerous good causes over the years.

These include Greenhouse Sports, a London-based charity which uses sport to engage young people and improve their life chances, and Moorfield Eye Charity, which supports the pioneering work of Moorfields Eye Hospital NHS Foundation Trust.

At the outset of the COVID-19 outbreak Bluewater made some additional charitable donations where our support could have an immediate impact.