Environmental, Social & Governance

Cloud Capital aims to be a responsible investment firm that creates sustainable long-term value for our investors and wider stakeholder groups.

We recognize and take on our responsibility to conduct our investment business in a responsible way and, to the best of our ability and in line with our fiduciary duties, we aim to deliver superior investment returns whilst minimizing the cost to society and to the environment as far as possible.

By targeting significant reductions in construction emissions and focusing on operational efficiency, Cloud Capital is committed to achieving net zero emissions for all Cloud Capital-controlled spaces by 2040. Through a commitment to renewable energy availability, Cloud Capital helps its customers meet their climate-neutral commitments in Cloud Capital’s facilities. To achieve this target, all data centres not under the exclusive operational control of the tenant will adopt and report on relevant performance standards including water consumption, energy efficiency, and use of renewable energy. Additionally, Cloud Capital aims to measure aggregated water usage considering the regional measures for water stress and to establish targets related to net biodiversity gains, operational waste to landfill, and sustainable sourcing.

Our responsible investment approach is informed by the UN Principles for Responsible Investments and our policy is reviewed at least annually.

Aligned to our overall sustainability strategy, Cloud Capital has also established a Green Finance Framework to govern the issuance of green finance instruments, including green bonds, green loans, green asset-backed securities (ABS) and green tranches of ABS. Our framework is aligned to the four core components of the International Capital Market Association’s Green Bond Principles and the Green Loan Principles.

Environmental, Social, and Governance graphic focusing on Responsible Investing Governance

Environmental

Environmental data: We measure and monitor environmental data at all our assets

GHG emissions: Most of Cloud’s emissions are scope 3 emissions (around 98%) and we have begun work to set net zero targets to reduce our emissions in the next 12 months.

Environmental due diligence on portfolio acquisitions

Improving asset’s environmental performance through a tailored framework to identify improvement opportunities

Conservation of biodiversity during construction

Climate Risk Awareness survey conducted in 2023, as part of efforts to improve our climate risk governance and overall climate strategy.

Green certifications: Three of our assets are LEED
 Gold certified.

Social

Employee wellbeing program addressing health and safety matters for its employees.

Employee satisfaction: In 2023, we conducted our first annual employee satisfaction survey.

Professional development: We conduct annual performance reviews for all employees, and provide them with training and development opportunities.

Tenant Engagement: Cloud continues to develop its tenant engagement programme

Tenants have ambitious sustainability commitments

Responsible Vendor strategy

Governance

Policies including:

  • Code of Ethics
  • Whistleblower
  • Financial crime

Committee Structure including:

  • Investment
  • ESG
  • Governance
  • IT Risk & Information Security

ESG training: management and employees engage in annual ESG awareness training.

Cybersecurity and Information Security programme which is overseen and reviewed annually by external cybersecurity consultants.

PRI - Principles for Responsible Investment

Signatory to the Principles for the Responsible Investment since 2022

GRESB 2023

Cloud Capital made its first submittal to GRESB in 2023 determining to use the output as a base line for ongoing improvements to meet investor standards

Anthesis

In 2023, Anthesis, the dedicated sustainability consultancy, was engaged to identify and implement ESG performance improvement actions.