COP / CIP

CIP does not appear to disclose a formal corporate net-zero year comparable to Vattenfall, Iberdrola, EnBW or Equinor. However, CIP’s ESG reporting page discloses operational climate targets: Scope 1 target: remain at 0% GHG emissions, Scope 2 target: 100% renewable electricity by 2025, and Scope 3 target: reduce Scope 3 GHG emissions per FTE by 45%. This is useful, but it is not the same as a Group-wide net-zero target.

CIP does not disclose a conventional 2030 / 2035 absolute corporate emissions-reduction target. The strongest interim decarbonisation evidence is the Scope 3 emissions-per-FTE reduction target of 45% and the portfolio impact evidence. In 2025, CIP reports that operational projects delivered 13 GWh of clean energy, could power 3.5 million homes, and helped avoid 7.5 million tonnes of GHG emissions.

CIP does disclose own-operational Scope 1, 2 and 3 emissions. In 2025, reported emissions were Scope 1: 22 tCO₂e, Scope 2 market-based: 95 tCO₂e, Scope 3 market-based: 13,525 tCO₂e, and total market-based emissions: 13,642 tCO₂e. Scope 3 is broken down into categories such as purchased goods and services / capital goods, fuel- and energy-related activities, waste in operations, business travel and employee commuting.

CIP is fundamentally an energy-transition infrastructure investor. The report states that CIP has raised over €37bn across 15 funds, has 50 active projects, and around 150 GW development capacity. It invests across solar, onshore wind, offshore wind, BESS, Power-to-X, advanced bioenergy, transmission, geothermal, waste-to-energy and carbon capture. COP also states externally that it has more than 50 GW of offshore wind projects in its global development portfolio, which is highly relevant for the OSW benchmark.

CIP does not report utility-style generation intensity such as gCO₂e/kWh, because it is an infrastructure fund manager rather than an integrated power utility. Instead, it reports own-operational emissions intensity per employee. In 2025, total market-based emissions were 22.7 tCO₂e/FTE, while Scope 3 market-based emissions were 22.5 tCO₂e/FTE.

CIP reports a 2022 baseline. Total market-based emissions increased from 7,034 tCO₂e in 2022 to 13,642 tCO₂e in 2025, largely reflecting platform growth, purchased goods/services, capital goods and travel. This is not an absolute reduction story; the more relevant metric is its intention to reduce Scope 3 emissions per FTE by 45%, alongside portfolio-level avoided emissions.

CIP does not provide a single consolidated EU Taxonomy-aligned capex / turnover / opex table like Vattenfall, Iberdrola or EnBW. However, external SFDR disclosures show that CI V reported 16% of investments aligned with the EU Taxonomy during the reference period, while also stating that the fund had no commitment to make taxonomy-aligned investments. The CIP ESG report itself is stronger on SFDR classification, with several funds classified as Article 8 or Article 9.

Not clearly disclosed in the reviewed materials. This is understandable because CIP is not a utility operator with a single generation fleet. The strongest water-relevant evidence is project-level: Tønder Biogas reduces nutrient pollution risks and supports circular nutrient use through digestate, but this is not equivalent to a formal water management KPI. For this metric, CIP should be recorded as limited / not clearly disclosed, unless using project-level environmental management narratives.

CIP / COP is strong here. The report identifies Fengmiao I in Taiwan as a 495 MW offshore wind project expected to generate more than 2,380,000 MWh annually, with FID in March 2025, offshore construction expected to begin in Q1 2026, and target completion in Q4 2027. External sources confirm the 495 MW Fengmiao I financial close and state that Vestas will supply 33 × 15 MW turbines. CIP’s other official project pages show Vineyard Wind 1: 800 MW, with 20-year PPAs, and COP states that it has 50+ GW offshore wind development portfolio.

The strongest OSW-specific biodiversity / marine evidence is from Fengmiao I. The project trained local fishermen to become marine mammal observers (MMOs) and guard vessel service providers, linking local fisheries engagement with marine mammal monitoring and construction-phase marine safety. This is useful asset-level evidence, although it is less technically detailed than Vattenfall’s Hollandse Kust Zuid or Iberdrola’s Baltic Eagle examples.

Not clearly disclosed in the reviewed materials. However, the report identifies nature and resource stewardship as one of CIP’s six ESG focus areas, and the Tønder Biogas case is framed as a biodiversity-positive energy solution. Tønder Biogas processes up to 930,000 tonnes of agricultural and industrial organic waste per year, produces 450 GWh of biomethane, and returns more than 800,000 tonnes of digestate annually to local farmers. This is strong project-level nature/circularity evidence, but not a formal Group-wide nature-positive target.

Not clearly disclosed in the reviewed materials. CIP does participate in industry bodies that work on wind sustainability, circularity and responsible sourcing, including WindEurope and GWEC’s Wind Sustainability Initiative. This is supportive external-validation evidence, but not a quantified wind circularity target.

Not clearly disclosed in the reviewed materials. The closest evidence is lifecycle-emissions reporting at investment level and CIP’s participation in wind supply-chain sustainability initiatives. This should remain limited / partially disclosed for OSW embodied-carbon benchmarking.

CIP has a strong responsible-investment process. ESG is integrated across investment selection, targeted due diligence, development, construction and operations. The ESG team works with investment teams to identify risks and opportunities, apply fund-specific ESG standards and guide implementation across portfolios. CIP’s strategic ESG focus areas include supply chain accountability and responsible business conduct.

CIP is strong on external validation. It is a UN PRI signatory, reported a 98/100 Direct Infrastructure module score in 2025, and achieved GRESB Management Score 28/30 for CI IV, CI V and CI GMF I in the latest reporting period. CIP is also a UN Global Compact signatory, GIIN member, WindEurope board member, GWEC Wind Sustainability Initiative participant and founding industry member of the Global Offshore Wind Alliance. The 2025 ESG report also includes independent limited assurance over selected disclosures.