Vinci Partners Investments Ltd.
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:213.78 tCO2e (2020, offset)
Scope 1 Emissions:20.23 tCO2e (2020)
Scope 2 Emissions:61.3 tCO2e (2020)
Scope 3 Emissions:132.25 tCO2e (2020)
Renewable Energy Share:99% (Farmax in 2021)
Total Energy Consumption:1,071.494 MWh (2021, solar)
ESG Focus Areas
- Corporate governance structure and practices
- Economic-financial performance
- Indirect economic impacts
- Anti-corruption practices
- Emissions
- Employee relations
- Training and education
- Diversity and equal opportunities
- Client Privacy
Environmental Achievements
- Offset 213.78 tCO2e related to 2020 emissions through the purchase of carbon credits.
- 1,071.494 MWh of photovoltaic solar power generation contracted and consumed.
Social Achievements
- Launched Vinci por Elas Program (#vinciporelas) for gender equity promotion, hiring fifteen women.
- Provided 1h10 of training per employee on average.
- Supported various social investment initiatives (Young Apprentice Program, Ismart Project, Fiocruz and Figueira Fernandes Institute, Pequeno Príncipe Hospital, Devolver Institute, MOVRIO Institute, Órizon Institute, Phi Institute, Reação Institute, Modern Art Museum in Rio de Janeiro, Observatório do Livro e da Leitura, Basquete Cruzada NGO).
Governance Achievements
- Completed IPO on Nasdaq in January 2021.
- Strengthened Board of Directors with three new independent members.
- Created Audit, Innovation, and ESG committees.
- Implemented an external whistleblower channel.
- Organized an Anti-Corruption Program, analyzing 14 companies (40% of private markets and 15% of total assets under management).
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2025 (CBO).
Medium-term Goals:
- Farmax to reach BRL 1 billion in revenue in the next five years.
- Formalize a Waste Management Plan and have an inventory in all units by 2024 (Transpotech).
Short-term Goals:
- Women represent 10 to 15% of Transpotech's team by 2025.
- 100% rental of electric forklifts (or other sustainable technologies) by 2025 (Transpotech).
Environmental Challenges
- Challenging macroeconomic context demanding attention to innovation strategy, ESG agenda, and fund governance.
- Impacts caused by the pandemic and increased interest rates creating an unfavorable scenario for funding alternative products.
- ESG integration across all asset classes, with more advances in some areas than others.
Mitigation Strategies
- Creation of the ESG Committee to combine existing initiatives with fresh perspectives.
- Focus on risk mitigation and value generation from integrating best practices into investment processes.
- Development of new ESG-focused products, such as a potential climate-dedicated fund.
- Competitive advantages such as long-term and solid operations, diversified portfolio, and qualified professionals.
Supply Chain Management
Responsible Procurement
- Background checks in hiring employees and suppliers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards (Essential option), SASB (sectorial materiality)
Certifications: VERRA Standards for a Sustainable Future, LEED Silver (headquarters building), LEED Gold (Agi headquarters), ABNT NBR ISO 14001 (Hydria), ESG certification (VES fund, according to EU SFDR)
Awards & Recognition
- Leading Firm M&A and Top Private Equity and Real Estate manager – Leaders League (Nov/21)
- 1st place in Best Multimarket Fund Specialist Manager Award ranking and 4th place in Equity Funds – FGV 2021 Fund Guide (Dec/21)
- Most Innovative Investment Advisory Firm in Brazil – Global Brands Magazine (Jul/21)
- Vinci Impact and Return (VIR IV): Private Equity ESG fund of the year – Sustainable Investment Awards, Environmental Finance (Jul/21)
- Six funds were granted five stars in the FGV 2021 Fund Guide
- Nine funds were classified as excellent in the Best Funds for Institutional Investors Ranking – Institutional Investor Magazine (March and Sep/2021)
- Women on Board (WOB) seal