NextEnergy Solar Fund Limited Announces Publication Of First Nature Strategy Report

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, is pleased to announce it has published its first Nature Strategy Report (the "Report" or "Approach to Nature").

The Report outlines NextEnergy Solar Fund's strategic plan for nature and nature targets, consolidating and building upon the lessons learned from 10 years of active engagement with the environment surrounding its assets since IPO. It lays out a structured framework for the Company to strengthen its relationship with nature. It is designed to avoid and manage nature-related risks while opening opportunities to create and capture value from the evolving nature markets.

The Report is aligned with emerging global standards and includes clear commitments which guide NESF's nature-related decision-making and the integration of nature-positive practices in its operations. These global standards are:

· The Taskforce on Nature-related Financial Disclosures ("TNFD");

· The Science-Based Targets Network ("SBTN");

· The Capitals Coalition-Endorsed ACT-D Framework; and

· The Global Biodiversity Framework ("GBF").

The core components of the Approach to Nature include commitments to strong nature-related governance, evidence-led action plans, use of science-based targets, and ongoing transparent disclosures.

Key targets set out in the Report include:

· No Conversion Of Natural Ecosystems: an SBTN-aligned commitment to prevent the material loss of natural ecosystems in direct operations and supply chains;

· Responsible Land Use Target: to ensure NESF remains a responsible land steward across its assets, implementing nature management plans and prioritising dual land-use regimes;

· 30x30 Nature Restoration Target: to restore natural ecosystems in the regions where NESF operates and which need support; and

· Supply Chain Transparency and Sustainability: updated and comprehensive nature-related risk management procedures.

Josephine Bush, Chairwoman of the Board's ESG Committee, NextEnergy Solar Fund said: "NESF's Approach to Nature is designed to manage nature-related risks across the Company's operations and supply chains, enhancing resilience in the face of economic and environmental uncertainty. By addressing the challenges posed by nature loss, we are de-risking future investments, safeguarding our assets, and positioning NESF for sustainable growth in an evolving regulatory landscape."

Hing Kin Lee, Vice President and Global Nature Lead, commented:

"Building on the momentum of COP16 in Colombia, NESF's Nature Strategy is the culmination of our significant effort to interrogate and rethink how the Company interfaces with nature. It reinforces the positioning of NESF as a leader to combat climate change, protect biodiversity, and help curb nature loss, while strategically positioning for emerging opportunities aligned with nature-positive investments. As carbon, biodiversity, and other ecosystem service markets mature, NESF's Approach to Nature could create opportunities to unlock additional revenue streams and enhance environmental outcomes."