Aurum Funds Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:314 tonnes of carbon per $m AUM (2022)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:9.5 tCO2e/year (2022)
Scope 3 Emissions:36.4 tCO2e/year (2022)
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental protection and justice
- Youth empowerment
- Biodiversity conservation
- Diversity, equity, and inclusion
- Refugee support
- Renewable energy
- Child protection
- Empowering disabled youth
- Climate change mitigation and adaptation
- Responsible investment
Environmental Achievements
- Donated over $1m to IUCN since 2012 to support core costs and Red List of Threatened Species.
- Supported restoration of at least 150,000 hectares of flower-rich habitat across the UK through Buglife's B-Lines project.
- Became a full member of ORRAA in 2022 to support the Neptune Fund for ocean conservation.
- Supported reforestation of 17 hectares in Malaysian Borneo through Hutan.
- Supported the creation of a 13,000-hectare community-based protected area of important freshwater habitat in the Brazilian Amazon.
- Supported marine ecosystem through a youth-led mangrove restoration project in the Philippines.
- Supported the protection of 2,000ha of the Choco Forest, a biodiversity hotspot in Ecuador.
Social Achievements
- Supported 5 young people to attend COP27 and 8 to attend COP15.
- Provided financial support to 21 young people and their organizations in 20 countries to increase their campaigning and advocacy efforts.
- Supported 10 partners in the Asian Species Programme, including one new partner, WildAct.
- Supported 18 partners in seven countries through the Biocultural Diversity Programme.
- Supported OnetoOne Children's Fund's Enable Mentor Mother program in South Africa, helping 388 mothers and 349 children.
- Supported Africa Food for Thought (AFFT) in providing food to orphaned and vulnerable children and early childhood development centers.
- Supported Adara's Baby Ubuntu program, training 168 facilitators and providing early care and support to 820 children and families.
- Supported Acumen in their work to invest in sustainable businesses and leaders.
- Renovated Beacon House for Vision Bermuda, making it fully accessible.
- Supported Sierra Leone Autistic Society (SLAS) in building a school and establishing a garage work enterprise scheme.
- Supported FreedomID in their work to verify the identities of hosts and volunteers to protect refugees from human trafficking.
- Supported World Jewish Relief in providing practical support to Uyghur refugees in Turkey.
- Provided targeted support to Ukrainian refugees through Inclusion Europe, BrightKids, and IsraAID.
- Supported the closure of Bistrita Institution in Romania, moving 38 children and young adults into family-based care.
- Supported employment skills programs for young individuals with learning disabilities in the UK.
Governance Achievements
- Formed Aurum Kaleidoscope Foundation as a charitable incorporated organization to enhance sustainability risk management and good governance.
- Finalized a comprehensive new ESG Policy.
- Received a 5-star rating from the UN PRI for both eligible categories.
- Implemented a multi-supplier security model and mandatory bi-annual security training to enhance cybersecurity.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Geopolitical instability and economic shocks.
- Growing regulatory concerns around greenwashing.
- Inadequate funding for climate change adaptation and mitigation in developing countries.
- Loss and damage due to climate change.
- Unprecedented heatwave in the UK negatively impacting invertebrate populations.
- COVID-19 restrictions impacting field activities in Malaysian Borneo.
- Ebola outbreak in Uganda disrupting Baby Ubuntu program.
- Challenges faced by refugees fleeing conflict and persecution.
- Lack of resources and support for people with disabilities in Lebanon.
- High unemployment rates among people with learning disabilities in the UK.
- Data challenges in accurately quantifying the carbon impact of investments.
Mitigation Strategies
- Established Aurum Kaleidoscope Foundation for independent charitable giving.
- Developed a methodology to help partners estimate terrestrial carbon sequestration.
- Supported the establishment of a new Loss and Damage fund at COP27.
- Became a corporate sponsor of Buglife.
- Provided funding to help partners overcome challenges related to COVID-19 restrictions.
- Developed the Ubuntu Master Trainer training and mentorship program to address challenges related to the Ebola outbreak.
- Implemented a technological system to verify the identities of hosts and volunteers to protect refugees.
- Installed solar panels at the I'dad center in Lebanon to reduce reliance on unstable electricity supply.
- Supported employment skills programs and apprenticeships for young people with learning disabilities.
- Working with underlying managers to improve data collection and reporting on climate-related risks and opportunities.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Minimizing deliveries and working with the same supplier to reduce carbon footprint.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Policy and legal risks (carbon pricing, reporting obligations), market risks (changing consumer behavior), reputational risks.
Opportunities
- Resource efficiency opportunities, development of new low-emission products and services, renewable energy programs, energy-efficiency measures.
Reporting Standards
Frameworks Used: TCFD
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- HM Government Payroll Giving Gold Award (4 consecutive years), UN PRI 5-star rating.