Coronation Asset Management Invests in Infrastructure for Long-Term Growth
The Coronation Infrastructure Fund focuses on sectors vital to Nigeria's development, integrating ESG principles to foster resilient value creation and economic progress.
The Coronation Infrastructure Fund focuses on sectors vital to Nigeria's development, integrating ESG principles to foster resilient value creation and economic progress.
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Coronation Asset Management employs a sustainable investing approach that prioritizes long-term economic relevance and rigorous financial analysis, incorporating Environmental, Social, and Governance (ESG) considerations. This strategy aims to strengthen resilience, improve risk assessment, and support durable value creation, moving beyond a short-term reaction to market fluctuations.
The Coronation Infrastructure Fund targets key sectors essential for Nigeria's future productivity and competitiveness, including transportation, real estate, utilities, social infrastructure, telecommunications, and energy. These investments are designed to finance projects that bolster the fundamental systems required for a more efficient and reliable economy.
An example of this strategy is the Fund's investment in a 30MW natural gas-fired power plant. This project is expected to create approximately 400 jobs and significantly improve energy reliability for businesses, reducing reliance on diesel generators and lowering emissions.
Furthermore, the Fund's involvement in logistics and transportation includes financing the acquisition of 300 trucks that transport substantial volumes of goods monthly. This initiative supports critical sectors, enhances supply chain efficiency, and contributes to job creation, with a notable representation of women in managerial roles.
Coronation Asset Management aligns its investments with responsible investment frameworks to manage ESG risks, ensuring that capital allocation supports infrastructure development that is both commercially resilient and socially responsible. This approach is supported by Nigeria's evolving policy environment, including National Pension Commission regulations that permit pension funds to invest in infrastructure, and the Nigerian Sustainable Finance Roadmap.
FAQ
What is the core principle of sustainable investing as practiced by Coronation Asset Management?
Sustainable investing, as practiced by Coronation Asset Management, is a disciplined approach that integrates ESG considerations into decision-making to strengthen resilience, improve risk assessment, and support long-term value creation.
What types of infrastructure does the Coronation Infrastructure Fund focus on?
The Coronation Infrastructure Fund focuses on transportation, real estate, utilities, social infrastructure, telecommunications, and energy sectors.
