Environmental Thesis

Wood pellets are a recycled, renewable resource that does not contribute to increasing CO2 in the atmosphere, making them an environmentally friendly fuel source. Moreover, due to the unique composition of wood pellets, they produce a far greater heat output and far lower particulate emission than regular wood The low moisture content in wood pellets helps keep the efficiency of the stove very high (above 80% on average).


Ravelli Group is an Italian pellet stove specialist with a comprehensive product portfolio synonymous for innovation and design. The company boasts strong brand awareness in Italy and Europe, where it sells its products via an extensive network of agents and distributors.

Centralized in‐house manufacturing in Italy enables Ravelli to ensure premium quality and an efficient cost base, covering all value adding processes. Ambienta purchased 60% of the company in May 2010 and increased its stake up to 100% in May 2016.

Environmental Impact

Ambienta only invests in businesses which have a positive impact on the environment through either, or both, a Resource Efficiency or Pollution Control contribution. Our proprietary methodology, the Environmental Impact Analysis, allow us to measure the contribution of different businesses to sustainability in terms of Resource Efficiency and Pollution Control which we capture through 11 Environmental Metrics.
For each portfolio company we report its impact in relation to our metrics.

Pollution Control

Aico/Ravelli’s contribution to Pollution Control is summarized by the following Environmental Metrics and SDGs:

CO2 Emissions Reduced

Sustainable Development Goals

Our Methodology and Metrics are fully aligned with the UN Sustainable Development Goals adopted in 2015. Through our investment scope definition that focuses on products and services that improve Resource Efficiency and Pollution Control we fully capture 10 of the 17 Goals and their respective sub-goals.
For each portfolio company we report its impact in relation to the SDGs.