Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Transition
• Community
• Natural Resources
• Ethics & Governance

Environmental Achievements

• Construction projects forecasted to be carbon positive in 6 months to 5 years
• Supported planting of 2,200 native trees in Ireland
• Recycled water used on Poblete solar farm for panel washing
• Agrivoltalics introduced on solar farms in Spain and Ireland

Social Achievements

• Employee Net Promoter Score increased to 60 ('excellent')
• €1.2 million disbursed via community funds
• 17% increase in employees
• 31% female leadership
• 98% of staff agree that workplace is inclusive

Climate Goals & Targets

Environmental Challenges

• One lost time incident resulting in a fatality and serious injury during substation work
• Maintaining high safety standards by subcontractors on solar sites
• Cultural differences in certain jurisdictions regarding reporting near misses

Mitigation Strategies

• Commitment to preventing accidents remains a top priority
• Increased site audits to improve safety standards
• Portfolio-wide cybersecurity program to assess practices, identify gaps, and implement mitigation controls

Supply Chain Management

Supplier Audits: 61 suppliers assessed in 2023

Responsible Procurement

• NTR supplier code of conduct agreement based on UN Global Compact principles
• Annual performance rating for category 1 suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Rising sea levels/flood risk
• High winds
• Lightning
• Hailstorms
• Freezing conditions
• Extreme temperatures
• Changes in precipitation patterns
• Changes in weather patterns

Transition Risks

• Increased pricing of greenhouse gases
• Enhanced emissions reporting obligations
• Mandates on and regulation of existing products and services
• Exposure to litigation
• Increased operating costs
• Write-offs, asset impairment, and early retiring of existing assets
• Alteration/elimination of revenue support schemes
• Technology substitution of existing products
• Unsuccessful investment in new technologies
• Market changing customer behavior
• Increased cost of raw materials
• Abrupt and unexpected energy costs
• Reputation/stigmatization of the sector
• Reputation as a good place to work
• Reduction in capital availability

Opportunities

• Resource efficiency (recycling, rainwater harvesting)
• Increased production capacity
• Use of lower emissions sources
• Supportive policy incentives
• Use of new technologies
• Participation in the carbon market
• Low emission products
• Diversification
• Access to new markets
• Increased reliability of supply chain

Reporting Standards

Frameworks Used: UN PRI, UN Global Compact, UN SDGs, TCFD

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)

NTR's renewable energy investments contribute to these goals.

Awards & Recognition

• Best Performance: Real Assets from Private Equity Wire European Emerging Manager (October 2023)