Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Natural capital management
• Mental health awareness
• Diversity, equity and inclusion
• Sustainable Development Goals (SDGs)
• Responsible business
• Cybersecurity

Environmental Achievements

• Scandlines reduced emissions by c.170k tons of CO2 to 2035 with a new zero-emission ferry.
• ABP reduced greenhouse gas emissions by 35% since 2014.
• Viridor achieved an 11% reduction in scope 1 emissions and a 31% reduction in scope 3 emissions.

Social Achievements

• Cadent trained front-line engineers to identify vulnerable customers and offer support.
• Viridor introduced a formal Mental Health and Well-being program.
• Eurostar became an early signatory of the Railway Mental Health Charter.

Governance Achievements

• Scandlines transitioned its ESG working group into a Board-level Safety and Sustainability Committee.
• Cadent adopted its Force For Good strategy.
• Improved ESG policies and practices across multiple portfolio companies.

Climate Goals & Targets

Environmental Challenges

• Maintaining legitimacy and trust in operating essential infrastructure while addressing climate change.
• Affordability of climate solutions.
• Balancing decarbonization with affordability of energy supply.
• Limited ESG reporting and engagement from some indirect investments.
• Challenges in measuring and reporting on social issues.
• Cybersecurity risks.

Mitigation Strategies

• Continuous refinement of ESG integration and stewardship approach.
• Collaboration with portfolio companies, co-shareholders, and investors.
• Increased focus on the 'S' in ESG.
• Deep dive work with climate advisor ERM on scenario analysis.
• Engagement with portfolio companies on natural capital management.
• Cybersecurity risk assessment deep dive.

Supply Chain Management

Responsible Procurement

• Employee and Vendor Code of Conduct (Scandlines)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (storms, floods, heatwaves)
• Rising sea levels

Transition Risks

• Carbon pricing
• Regulatory changes
• Market shifts away from fossil fuels

Opportunities

• Increased demand for sustainable products and services
• Market for negative emissions

Reporting Standards

Frameworks Used: GRI, GRESB Infrastructure, TCFD, UN PRI

Third-party Assurance: Third-party assurance of ESG and stewardship processes undertaken in 2021.

UN Sustainable Development Goals

• SDG 4 (Quality Education)
• SDG 5 (Gender Equality)
• SDG 6 (Clean Water and Sanitation)
• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)
• SDG 14 (Life Below Water)
• SDG 15 (Life on Land)

High-level mapping of portfolio activities with SDGs to illustrate contribution to particular goals.