Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Resource scarcity
• Insufficient digitalisation
• Weak governance
• Supply chain resilience
• Diversity
• Employee engagement
• Circular economy opportunities

Environmental Achievements

• 100% of Triton’s Scope 1, 2 and 3 (business travel) emissions were offset
• 17% of the energy consumed across the portfolio was from renewable sources

Social Achievements

• Increased the percentage of female Investment Advisory Professionals to 25% from 18% in 2019
• Delivered regular online sessions on physical and mental health and provided all staff with a wellbeing cash allowance
• Increased the percentage of women at Manager Board and General Partner level by 1% and the percentage of women at Investment Advisory Professional level by 7%

Governance Achievements

• Enhanced screening process by introducing a more structured due diligence process, integrating it into our sourcing procedure and updating our sign-off protocols
• All new joiners completed mandatory business ethics training
• Supported PCs to set up their whistleblowing processes ahead of EU-wide legislation

Climate Goals & Targets

Environmental Challenges

• Challenges of 2020 affected some PCs' ESG progress
• Comparability of year-on-year ESG data due to portfolio evolution
• Data quality issues associated with ESG reporting in private equity

Mitigation Strategies

• Working with companies to regain lost ground, identify opportunities and build more resilient businesses
• Re-analysed 2019 data using the same methodology as 2020, held one-to-one validation sessions with all PCs
• Invested in a new online ESG reporting tool to improve data collection, consistency, and transparency

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier ESG risk assessment
• Supply chain programme to manage material risks

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

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

• Energy efficiency
• Climate adaptation
• Natural capital
• Diversity, equity and inclusion (DEI)
• Responsible procurement and supply chain management

Environmental Achievements

• Decrease in PC Greenhouse gas emissions
• Offsetting all Triton Scope 1, 2, and 3 (business travel) emissions
• 84% of PCs have an energy and emissions programme
• 82% of PCs have a waste management programme

Social Achievements

• Portfolio-wide DEI campaign
• 76% of PCs identify high-potential employees through an annual talent review process
• 82% of PCs conduct an annual employee engagement survey
• Decrease in portfolio average Lost Time Injury Frequency Rate (LTIFR)

Governance Achievements

• 100% of new platform investments received ESG support and due diligence
• 100% of new joiners completed the Trust in Triton business ethics training
• 84% of PCs conducting a formal board review of their ESG performance at least twice a year
• 100% of PCs with an anti-bribery and corruption policy

Climate Goals & Targets

Environmental Challenges

• Increased frequency and severity of extreme weather events
• Soaring energy prices
• Supply chain disruptions
• Regulatory and industry initiatives continue to increase data and reporting requirements

Mitigation Strategies

• Investing in energy efficiency measures
• Shoring up supply
• Supporting portfolio companies to meet the requirements of new laws on supply chain management
• Engaging with industry bodies to support standardisation of stakeholder requests

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• ESG integrated into supplier engagement process
• Supplier ESG risk assessment

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Energy efficiency improvements

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• ESG Lighthouse Awards

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste Management
• Water Management
• Biodiversity

Environmental Achievements

• Glamox committed to reaching net zero carbon emissions in their operations by 2030 and issued a sustainability-linked bond linked to energy usage of lighting.
• Kährs Group committed to reaching net zero by 2040 and issued a sustainability-linked bond with KPIs on CO2e emissions and sustainably sourced wood.

Social Achievements

• Not disclosed

Governance Achievements

• All new portfolio companies to have Board-approved ESG programme within 12 months of acquisition.

Climate Goals & Targets

Environmental Challenges

• Uncertainty in the sustainable finance market due to the macro environment and economic shocks.

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: Science Based Targets initiative

Certifications: Null

Third-party Assurance: Environmental Resources Management (ERM)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed