NextEnergy Group is proud to launch its standalone Climate Strategy and NextEnergy Capital’s (NEC) Climate Transition Plan. These two new strategic documents raise our ambition from leading the transition to clean energy, to accelerating and securing it.

Human-induced climate change is accelerating. Efforts to limit warming to 1.5°C remain off track. This is creating new systemic risks for people, nature and economies. It is not too late to avoid the most catastrophic of these risks, but the decisions to secure a safer, more sustainable future must be taken today.

At NextEnergy Group, we took the decision to lead the transition to this future in 2007. Our Solar+ assets have been avoiding carbon emissions for almost 20 years and help to deliver the goals of the Paris Agreement.

Our Group Climate Strategy is a forward-looking articulation of how we will further enhance our climate-related positive impacts and strengthen our resilience in an ever-changing environmental, social, regulatory and economic landscape. It is complemented by NextEnergy Capital’s Climate Transition Plan, which has been developed to converge our funds’ emissions towards net zero by 2050. These are known as our financed emissions and they represent the most significant emissions source for NextEnergy Group. The same is true for all financial institutions, although they are often missing from corporate net zero plans.

NextEnergy Group’s Climate Strategy and NextEnergy Capital’s Transition Plan therefore ground our ambition in a comprehensive understanding of our emissions baseline and decarbonisation dependencies. They also reinforce our role as a critical enabler of a low-carbon future. One which creates prosperity for people and nature.

Our approach is aligned with emerging global standards, such as the Task Force on Climate-Related Financial Disclosures (TCFD), the International Financial Reporting Standards (IFRS), the Transition Plan Taskforce (TPT), and the Financial Institutions Net-Zero Standard developed by the Science Based Targets initiative (SBTi). The science based targets which underpin NEC’s Climate Transition Plan are being validated by the SBTI.

Ross Grier, Chief Investment Officer, NextEnergy Capital, commented: “As we begin implementing this Climate Transition Plan, I am looking forward to the progress we will make towards our interim decarbonisation targets, and I am confident that the Plan will continue to strengthen NEC’s resilience within an ever-changing environmental, social, regulatory, and economic landscape.”

Read the full Group Climate Strategy here: https://cdn.next1.nextenergycapital.com/next/2025/11/NextEnergyGroup_ClimateStrategy_November2025.pdf

Read NextEnergy Capital’s full Climate Transition Plan here: https://cdn.next1.nextenergycapital.com/next/2025/11/NextEnergyCapital_Climate-Transition-Plan_November2025.pdf