Climate Change Data

Environmental Metrics

ESG Focus Areas

• Water Management
• Sustainable Investing

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Water scarcity and pollution in emerging markets (e.g., China)
• Inadequate infrastructure investment in developed and developing countries
• Aging water infrastructure leading to leaks and inefficiencies

Mitigation Strategies

• Increased investment in water infrastructure (public and private)
• Privatization of water utilities to improve management and efficiency
• Technological advancements in water treatment and recycling
• Implementation of tiered water pricing to ensure affordability for low-income populations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Water scarcity due to climate change
• Extreme weather events impacting water infrastructure

Transition Risks

• Regulatory changes related to water management
• Shifting consumer preferences towards sustainable water practices

Opportunities

• Development of water-efficient technologies
• Investment in water infrastructure projects

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 6: Clean Water and Sanitation

Investments in water infrastructure and technology contribute to achieving SDG 6

Sustainable Products & Innovation

• Water-efficient technologies
• Water recycling and reuse technologies

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainable Investments

Climate Goals & Targets

Environmental Challenges

• Lack of transparency in sustainable investment products.
• Short-term return orientation of many investors.
• Study suggesting many sustainable funds do not invest in generally accepted ecological, social, and ethical securities.
• Low percentage of total investment volume in sustainable funds (around 2%).
• Performance of green funds not leading to significant gains.
• Lack of widespread awareness and understanding of sustainable investing.

Mitigation Strategies

• Call for increased transparency and clear declarations for products.
• Better explanation of products to clients and intermediaries.
• Self-regulation of the industry instead of legal regulation.
• Focus on educating investors and promoting better understanding of sustainable investing.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Ecological
• Social
• Ethical

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Investment in companies with leading positions in auto recycling and waste management

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Higher fees compared to the market (2.35% per year)
• Greater decline in value than the broad market in a given year

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Strict exclusion criteria for companies involved in weapons, nuclear power, chlorochemistry, and human rights violations

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Significantly lower CO2 footprint than MSCI index (24% of index value per 100€ invested), avoiding investments in fossil fuels.

Social Achievements

• Investment in companies with products and services contributing to a low-carbon economy; engagement with companies to promote positive trends and address negative developments; involvement with CDP (Carbon Disclosure Project) to promote transparency in greenhouse gas emissions reporting.

Governance Achievements

• Independent investment committee with representatives from environmental, human rights, and consumer protection organizations; transparent communication of investment criteria and decision-making processes; commitment to measuring and disclosing the CO2 footprint of portfolios (pending improvements in reporting methodologies).

Climate Goals & Targets

Environmental Challenges

• Incomplete reporting of Scope 3 emissions by companies; lack of standardized methodology for calculating the realistic greenhouse gas footprint of investment portfolios; difficulty in accounting for avoided emissions from companies producing renewable energy technologies.

Mitigation Strategies

• Qualitative considerations of Scope 3 emissions are included in decision-making; support for CDP to improve corporate reporting on greenhouse gas emissions; commitment to measuring and disclosing portfolio CO2 footprint once methodological challenges are addressed.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Ethical
• Ecological
• Social

Environmental Achievements

• Investment in companies contributing to renewable energies, recycling, and sustainable products (e.g., Tomra, L'Occitane).

Social Achievements

• Focus on companies with positive social impact in areas like health, education, and fair labor practices.
• Increased fund sales by 60% (Feb 20 - June 30) indicating increased investor trust in their ESG approach.

Governance Achievements

• Independent 11-member investment committee overseeing investments and ensuring alignment with ESG criteria.
• Rejection of large investments to maintain independence and avoid influence from external parties.

Climate Goals & Targets

Environmental Challenges

• Lack of reliable and comparable ESG data from companies.
• Greenwashing and misleading use of the term 'sustainability'.

Mitigation Strategies

• Conducting independent research and on-site assessments of companies.
• Maintaining strict investment criteria and rejecting companies that violate their standards.
• Advocating for more transparent and reliable ESG reporting.

Supply Chain Management

Responsible Procurement

• Investment criteria exclude companies involved in activities such as nuclear energy, oil, arms manufacturing, forced labor, and chlorochemistry.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Protection
• Social Responsibility
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Investment in companies contributing to a low-carbon economy

Reporting Standards

Frameworks Used: GRI, CDP, ILO, UNGC, ISO 14001, ISO 45001

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, CDP, ILO, UNGC, ISO 14001, ISO 45001

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Human and employee rights
• Business model
• Ecological product design and circular economy
• Climate protection and greenhouse gas emissions
• Reporting and transparency
• Protection of water resources
• Ethics in artificial intelligence (AI) and data protection
• Biodiversity
• Good corporate governance
• Animal welfare
• Controversies
• Diversity and inclusion (D&I)

Environmental Achievements

• Increased company visits from 21 in 2022 to 60 in 2023.
• Initiated dialogues with 156 companies regarding sustainability issues, with 72 responding positively.

Social Achievements

• Improved assessment of several companies due to engagement activities.
• Successfully influenced some companies to improve their sustainability practices.

Governance Achievements

• Participation in the CDP Non-Disclosure Campaign, contacting 66 companies to encourage reporting, resulting in 20% increased disclosure.

Climate Goals & Targets

Environmental Challenges

• Lack of response from some companies to engagement inquiries.
• Difficulties in obtaining sufficient information for comprehensive sustainability assessments.
• Challenges in verifying human rights and labor standards in global supply chains, particularly in China and Xinjiang.

Mitigation Strategies

• Implemented a multi-stage escalation process for non-responsive companies.
• Conducted on-site company visits to facilitate more in-depth dialogue.
• Collaborated with other investors in initiatives like the CDP Non-Disclosure Campaign.
• Increased scrutiny of companies operating in China and Xinjiang, including engagement inquiries and potential exclusion from investment universes.

Supply Chain Management

Responsible Procurement

• Engagement focused on due diligence processes, supplier questionnaires, and audits to address human rights and environmental risks.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Companies not reporting sufficient data on sustainability-relevant topics.
• Companies not addressing sustainability weaknesses.

Mitigation Strategies

• Active engagement with companies through dialogue, site visits, and collaborative initiatives.
• Escalation measures including public statements and shareholder actions.
• Exclusion of companies violating sustainability criteria.

Supply Chain Management

Responsible Procurement

• Codes of conduct
• Assessments
• Audits
• Training programs

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, CDP

Certifications: ISO 14001, ISO 45001, ISO 27001