Enabling A.P. Moller Capital to meet its net-zero commitment with confidence
A.P. Moller Capital was seeking high-impact climate projects to address the residual carbon emissions from its new investment fund. Abatable's carbon procurement solution provided support.
Overview
A.P. Moller Capital
Investment management
Multi-year carbon procurement strategy (2025–2032)
Africa, South Asia, and Southeast Asia
Spot, forward, and offtake transactions combined to optimise costs
Challenge
A.P. Moller Capital, the institutional infrastructure fund manager, invests capital in critical infrastructure to deliver strong financial performance and long-term impact. As a values-driven firm with strong ESG principles, its goal is to achieve net-zero financed emissions across the life of its new Emerging Markets Infrastructure Fund II (EMIF II, or the Fund).
Recognising that the full decarbonisation of the Fund's portfolio companies would take time, A.P. Moller Capital sought to complement ongoing emissions reductions with the purchase of high-quality carbon credits. The aim was to target impactful projects regionally aligned with the Fund's geographies in Africa, South Asia, and Southeast Asia, and to support a scalable, transparent procurement process that reflected the firm's commitment to its investors.
key results
Carbon project developers invited to Abatable's competitive RFPs
Oversubscribed against required volumes, giving A.P. Moller Capital wide choice
Jobs created through community-based afforestation, reforestation, and revegetation projects in Africa and South Asia
Challenge
A.P. Moller Capital sought to procure high-integrity carbon credits from 2025 to 2032 to address the residual financed emissions of EMIF II.
The credits needed to align with the firm's rigorous internal ESG standards and regional focus areas in Africa, South Asia, and Southeast Asia. The portfolio would comprise carbon removal credits that delivered measurable community and biodiversity co-benefits.
The procurement process had to be scalable and transparent, reflecting the firm's commitment to its investors. It would also need to combine transaction structures, from spot and forward purchases to investments in select projects, in order to optimise costs.
Solution
A.P. Moller Capital partnered with Abatable to execute a tailored, multi-year carbon procurement strategy.
The bespoke procurement approach enabled transparent access to the largest network of high-quality carbon projects, tailored project selection using custom parameters aligned with A.P. Moller Capital's values, competitive market pricing without intermediaries, and rapid credit purchases through standardised legal contracts.
Abatable ran two RFP carbon credit procurement exercises: one focused on spot and forward credits, the other on future offtakes. Across these RFPs, Abatable invited 118 carbon project developers, receiving 128 projects for consideration. This represented 51 million tonnes of CO₂ offered, of which 31 million tonnes of eligible credits were shortlisted from 58 projects.
From this pool, 3.4 million tonnes were taken forward to detailed due diligence, with four projects ultimately selected for inclusion in the portfolio, following site visits and stringent assessment.
Abatable managed the entire sourcing, assessment, and contracting process, enabling A.P. Moller Capital to navigate the carbon market confidently and efficiently, maintain full transparency on credit quality, price, and co-benefits, and secure credits seamlessly using standardised legal documentation.
A.P. Moller achieved 12 to 30% savings through direct procurement, standardised contracts, and multi-bid competition.
built on evidence
Our clients consistently achieve better pricing, better supply quality, and more confidence in every decision they make.
Cost savings from working with Abatable
Clients supported
Combined years of experience in environmental markets
Net promoter score from our partners
Building a net-zero strategy for an investment fund
'Abatable has been a key partner from the beginning of our journey in the voluntary carbon market. Their deep expertise and wide market access were instrumental in executing one of the industry's first net-zero strategies for an investment fund. Abatable helped facilitate a transparent and competitive process that optimised our procurement of multi-year offtakes, and we continue to benefit from the continued support and guidance of the expert Abatable team.'
Learn how our carbon procurement solutions can work for you.
