The Green Tech Portfolio reflects the conviction that technological solutions for energy efficiency, electrification, and sustainable production are not only ecological necessities, but also among the central growth drivers of the global economy. The energy transition is no longer a political buzzword—it is a structural transformation process that is reshaping entire industries and mobilizing substantial investment volumes.
Companies that succeed in using energy more efficiently, digitalizing processes, and measurably reducing emissions provide tangible economic benefits to their customers—and in doing so secure sustainable competitive advantages.
Strategy Update: Investment Level Remains at 100%
Following the market correction in November, the market environment has stabilized. Recent movements were less a reflection of fundamental weaknesses and more the result of short-term uncertainties. Momentum has since picked up again, supported by solid corporate earnings in the technology sector and a renewed acceleration of key innovation trends.
Against this backdrop, no changes have been made to the Innovation Portfolio. The existing allocation remains unchanged, and the investment level continues to stand at 100%. The portfolio is therefore optimally positioned to participate in the ongoing market recovery as well as long-term structural growth trends.
Fundamental Strength as a Stable Foundation
The quality of the companies included in the Green Tech Portfolio is clearly reflected in key financial metrics:
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Operating margin: 22%
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Return on equity: 23%
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Revenue growth (TTM): 13%
These figures underline the robust foundation of the portfolio. The companies are growing significantly faster than the broader economies and benefit from scale effects, technological leadership, and strong operational discipline. As a result, they are well positioned to generate above-average earnings growth in the coming years—a key driver of long-term equity returns.
Structural Growth Drivers Remain Intact
The long-term trends shaping the Green Tech Portfolio remain strong and unchanged:
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Rising global energy demand
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Accelerated electrification of industry and mobility
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Efficiency technologies in industry, buildings, and infrastructure
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Increasing digitalization and intelligent control of energy networks
These megatrends create a sustainable demand base for companies developing solutions in energy efficiency, clean technologies, and sustainable production processes. The portfolio is deliberately broadly diversified and focused on established companies with resilient business models and clear technological differentiation.
Attractive Opportunities for Long-Term Investors
Recent market volatility has brought valuations in many green technology segments back to constructive levels—without impairing the underlying structural growth drivers. Our focus remains on companies whose technologies significantly reduce energy consumption, delivering not only environmental benefits but, above all, tangible economic advantages for their customers.
These solutions directly improve cost structures and profitability—an effect clearly reflected in earnings development and revenue growth of 13%. Strong demand confirms that green efficiency technologies are scaling successfully from both a sustainability and an economic perspective.
Conclusion
The Green Tech Portfolio represents a disciplined, long-term investment approach. It combines quality, stability, and structural growth in a segment that is critical to the future competitiveness of the global economy.
Our objective remains to make the energy transition investable—transparent, efficient, and independent of short-term market movements.
Further Reading
International Energy Agency (IEA) – World Energy Outlook
Global perspectives on energy demand, electrification, and investments in clean technologies.
https://www.iea.org/reports/world-energy-outlook
BloombergNEF – Energy Transition Investment Trends
Current data and analysis on capital flows into renewable energy, efficiency technologies, and grid infrastructure.
https://about.bnef.com/energy-transition-investment
McKinsey Global Institute – The Net-Zero Transition
Economic impacts of decarbonization and opportunities across the value chain.
https://www.mckinsey.com/mgi/our-research/the-net-zero-transition
World Economic Forum – Clean Energy and Infrastructure
Strategic perspectives on the energy transition, grid digitalization, and industrial transformation.
https://www.weforum.org/topics/clean-energy
IRENA – Global Renewables Outlook
Long-term scenarios on renewable energy, efficiency gains, and employment effects.
https://www.irena.org/publications
European Commission – Fit for 55 & Green Deal
Regulatory framework and investment incentives for green technologies in Europe.
https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal_en