Hannon Armstrong Joins the United Nations Global Compact (UNGC)
ANNAPOLIS, Md., July 30, 2018 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company") (NYSE: HASI), a capital and services provider focused on sustainable infrastructure markets that address climate change, today announced that the Company has signed the United Nations Global Compact (UNGC). The UNGC is the world's largest voluntary corporate sustainability initiative, recognizing that private business can and should be a significant force for good. The ten principles of the UNGC focus on human rights, labor, environment, and anti-corruption in support of the broader United Nations Sustainable Development Goals intended to end extreme poverty, fight inequality and injustice, and protect our planet. In conjunction with signing the UNGC today, the Company also committed to reporting its annual progress on all ten of the UNGC's principles.
"Corporate sustainability – and often outperformance – is driven not only by a sound strategy and strong financial performance, but by transparency on environmental, ethical, cultural, and social practices as well," said Jeffrey Eckel, President & CEO. "Hannon Armstrong invests $1 billion annually in assets that mitigate or adapt to climate change and has outperformed the S&P 500 by approximately 50% on a total return basis over the last 5 years – demonstrating that investors do not have to sacrifice returns for positive impact. We have seen firsthand the growing trend towards more responsible investing, as the percentage of HASI's institutional shareholders using some form of ESG or socially responsible screen has grown to approximately 25% over the last 5 years. In committing to initiatives such as the UNGC and the Task Force for Climate-Related Financial Disclosures, we are proud to further advance our leadership in promoting greater corporate stewardship in environmental responsibility and transparency."
In addition to the UN Global Compact, Hannon Armstrong has demonstrated its belief in corporate sustainability and reporting initiatives by its support of Climate Action 100+, We Are Still In and the Climate Disclosure Standards Board ("CDSB") as well as becoming the first U.S. public company to commit to implementing the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). The TCFD, an international consortium, developed voluntary climate related financial disclosures intended to be useful to insurance underwriters, lenders, and investors. In addition, Hannon Armstrong discloses on a quarterly basis the aggregate CarbonCount® score of investments made in the quarter and on an annual basis the detailed CarbonCount® score of each investment made in the reporting year. CarbonCount® is an estimate of the annual metric tons of carbon dioxide offset per $1,000 invested.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is a capital and services provider to the sustainable infrastructure markets, focused on reducing climate changing greenhouse gas emissions ("GHG" or carbon emissions) as well as mitigating the impact of, or increasing resiliency to, climate change. Our goal is to generate attractive returns for our stockholders by investing capital in assets that generate long-term, recurring and predictable cash flows or cost savings from proven technologies. We also provide services to the various partners and counterparties in the markets where we invest. Our management team has extensive relevant industry knowledge and experience, dating back more than 30 years. With scientific consensus that climate warming trends are linked to human activities and resulting in various extreme weather events, we believe our firm is well positioned to generate better risk-adjusted returns by investing in the assets, and providing services to the firms, that reduce carbon emissions. Further, with increasing weather-related events affecting certain areas of our markets, we see similar investment and services opportunities in infrastructure assets that mitigate the impact of, and increase the resiliency to, these weather events and climate change. We are based in Annapolis, MD.
Forward Looking Statements
Some of the information in this press release contains forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in our Annual Report on Form 10-K for our fiscal year ended December 31, 2017, which was filed with the U.S. Securities and Exchange Commission ("SEC"), as well as in other reports that we file with the SEC.
Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. We disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
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SOURCE Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Released July 30, 2018