Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity and Inclusion
• Governance
• Responsible Investment
• Social Impact

Environmental Achievements

• Installed energy-efficient lighting across the portfolio, resulting in an equivalent of 51,152 metric tonnes of avoided CO2 emissions.
• Implemented a climate-resilient infrastructure screening tool for new investments.
• Achieved BREEAM ratings for five investments, EU Energy Performance certification for four, and LEED certifications for four.

Social Achievements

• Introduced a Diversity and Inclusion policy.
• Provided mental and physical health support to employees (Headspace and Peloton subscriptions).
• Donated over GBP 33,000 to Covid-19 related initiatives and GBP 132,000 through portfolio companies to community projects.
• Maintained 99.8% investment availability during the pandemic.

Governance Achievements

• Established a dedicated ESG Committee.
• Became a signatory to the UN Global Compact and a supporter of the TCFD.
• Achieved an 'A' rating in the UN PRI's inaugural assessment.

Climate Goals & Targets

Environmental Challenges

• Global pandemic (Covid-19) impacting operations and stakeholder engagement.
• Data collection for comprehensive carbon footprint reporting.

Mitigation Strategies

• Close collaboration with health authorities and clients to adapt facilities and operations during the pandemic.
• Transitioned to virtual meetings and remote work.
• Engaged a specialist consultant to assist with data collection and TCFD implementation.

Supply Chain Management

Responsible Procurement

• Prompt payment policy
• Increased sub-contractor monitoring
• Testing of biodegradable willow sticks for road markers.

Climate-Related Risks & Opportunities

Physical Risks

• Rising temperatures
• Rising sea levels
• Changes in precipitation
• Changes in storm patterns
• Changes to resource quality and availability

Transition Risks

• Increased regulation
• Litigation
• Reputational risks

Opportunities

• Investments in energy and water efficiency
• Retrofitting
• Waste reduction programs
• Climate-resilient infrastructure investments

Reporting Standards

Frameworks Used: UN PRI, UN Global Compact, UN SDGs, TCFD, SFDR

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 9
• SDG 11
• SDG 16

Investments in healthcare, education, transport, and justice contribute to these goals.

Awards & Recognition

• 'A' rating from UN PRI
• Platinum award from the Institute of Sustainable Infrastructure for Champlain Bridge
• Envision Award for Champlain Bridge
• Greening Health Care (GHC) 2019 5% Club Award for Women’s College Hospital

Environmental Metrics

ESG Focus Areas

• Climate change
• Social impact
• Governance

Environmental Achievements

• Became a signatory of the Net Zero Asset Managers initiative, committing to net-zero GHG emissions by 2050.
• Reported all Scope 1, 2, and 3 Corporate Emissions; certified as carbon neutral for 2021.
• Started tracking and reporting Scope 1 and 2 emissions at 54 portfolio companies (reporting from 2022 onwards).

Social Achievements

• Undertook a comprehensive stakeholder materiality assessment.
• Introduced an enhanced ESG Best Practice Guide for portfolio companies.
• Compliant with SFDR since March 2021; Article 8 product classification.

Governance Achievements

• Included voluntary disclosures aligned with TCFD recommendations.
• Undertook a detailed climate risk assessment of the portfolio.
• Implemented an 82-question ESG KPI survey across portfolio companies.

Climate Goals & Targets

Environmental Challenges

• Achieving GHG emission reduction targets in portfolio companies due to limited operational control.
• Data limitations in assessing climate risk and social impact metrics across the portfolio.

Mitigation Strategies

• Engaging with public sector clients and portfolio companies to promote emission reduction strategies.
• Developing net-zero plans for portfolio companies.
• Expanding ESG data collection and improving methodologies.

Supply Chain Management

Responsible Procurement

• Responsible Contractor Policy (introduced in 2021)

Climate-Related Risks & Opportunities

Physical Risks

• River flood
• Surface water flood
• Coastal inundation
• Windstorm
• Wildfire
• Subsidence
• Heat stress
• Freeze-thaw

Transition Risks

• Policy risks
• Legal risks
• Technology risks
• Reputational risks
• Market shifts

Opportunities

• Energy transition investments
• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, TCFD, UNGC, SFDR

Certifications: Carbon Neutral

Third-party Assurance: Carbon Footprint Ltd.

UN Sustainable Development Goals

• 3
• 4
• 9
• 11
• 13
• 16

Investments in healthcare, education, infrastructure, sustainable cities, climate action, and justice.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Health and Safety
• Fair Employment and Remuneration
• Learning and Development
• Creating Long-Term Financial and Sustainable Value
• Business Ethics and Integrity
• Quality of Services
• Cyber-security
• Stakeholder Engagement

Environmental Achievements

• Reduced Corporate Emissions (Scope 1, 2 and 3) by 13.7% compared to 2019 baseline.
• Invested in a 132MW hydroelectric power generation station.
• Implemented LED lighting across 12 transportation assets, resulting in an estimated 18% decrease in energy consumption.
• Created c.150 bee habitats across various assets.

Social Achievements

• Launched a student well-being room at Downpatrick Campus.
• Supported the Sea Cadets ‘On the Water’ programme.
• Donated £150,000 to local charities.
• Implemented a ‘Liverpool Through Our Lens’ photography programme.

Governance Achievements

• ESG fully integrated into strategy and business model.
• Management remuneration tied to ESG targets.
• 100% of staff receive ESG training.
• Implemented a robust framework for ESG integration.

Climate Goals & Targets

Environmental Challenges

• Reducing the carbon footprint of Portfolio Companies (limited operational control).
• Gathering sufficient data for comprehensive ESG reporting across the diverse portfolio.
• Managing climate-related risks across a geographically diverse portfolio.

Mitigation Strategies

• Direct engagement with public sector clients and subcontractors to promote GHG emission reductions.
• Development of a proprietary ESG KPI survey to monitor and improve ESG performance.
• Conducting a detailed climate change impact assessment to identify and assess climate-related risks and opportunities.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• ESG onboarding for subcontractors
• Annual ESG KPI survey for subcontractors
• Responsible Contractor Policy

Climate-Related Risks & Opportunities

Physical Risks

• River flood
• Surface water flood
• Coastal inundation
• Windstorm
• Forest fire
• Subsidence
• Heat stress
• Freeze-thaw

Transition Risks

• Policy risks
• Legal risks
• Technology risks
• Reputational risks
• Market risks

Opportunities

• Investment in renewable energy
• Development of energy-efficient products and services
• Opportunities arising from energy transition investment plans from the public sector

Reporting Standards

Frameworks Used: TCFD, UN Global Compact, GRI, GHG Protocol, SASB, SFDR

Certifications: Carbon Neutral

Third-party Assurance: Some elements independently verified

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 9
• SDG 11
• SDG 13
• SDG 16

Investments aligned with at least one of these SDGs.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change
• Biodiversity
• Health and safety
• Fair employment and remuneration
• Diversity, equality and inclusion
• Human rights
• Learning and development
• Creating long-term sustainable value
• Business ethics and integrity
• Quality of services
• Cyber-security

Environmental Achievements

• Reduced Corporate Emissions by 22% vs. 2019 baseline.
• Achieved carbon neutrality since 2021.
• Implemented energy-efficient HVAC system at Kelowna General Hospital, saving 31 tonnes of CO2 and CAD$19,000 annually.
• Created c. 150 bee habitats across assets, providing homes to c. 10 million bees.
• Planted c. 200 acres of wildflowers and forage areas to support bee populations.
• Upgraded EV charging stations at Women’s College Hospital.

Social Achievements

• Donated over £10,000 to charities supported by employees.
• Portfolio Companies donated over £135,000 to local charities.
• Increased access to Haileybury Youth Centre in London.
• Supported Ayrshire and Arran’s Acute Mental Health and Community Hospital’s community engagement initiatives.
• Funded Action for Children’s Wellbeing Star Programme in Liverpool, supporting 497 young people.
• Donated a fully operational MRI machine to a primary healthcare clinic in India.
• Sponsored 6 staff members and their children in the Lëtz Go Gold race, raising £4,200 for charity.

Governance Achievements

• 100% of Management and Supervisory Boards own shares.
• 87% of employees own shares or have vesting shareholder entitlements.
• Implemented standard ESG policies across 98% of Portfolio Companies.
• Achieved 100% Management Board attendance at ESG Committee meetings.
• Linked 10% of 2023 LTIP awards to GHG emission reduction and decarbonisation plan implementation.
• Zero corruption incidents, fines, or penalties.

Climate Goals & Targets

Environmental Challenges

• Decarbonisation of the portfolio.
• Increasing diversity in Portfolio Company boards.
• Transition risks (policy, technology, reputational, market).

Mitigation Strategies

• Developed a Net Zero Plan with targets for Corporate and Financed Emissions.
• Engaging with Portfolio Companies and public sector clients to implement decarbonisation plans.
• Actively seeking to improve board diversity.
• Conducting climate risk assessments and scenario analysis.
• Implementing risk mitigation and adaptation measures.

Supply Chain Management

Responsible Procurement

• Responsible Contractor policy
• ESG onboarding for subcontractors
• Annual ESG KPI survey for subcontractors
• Verification of minimum wage and living wage for subcontractors' employees.

Climate-Related Risks & Opportunities

Physical Risks

• Riverine flooding
• Coastal inundation
• Surface water flooding
• Extreme wind
• Forest fire
• Soil movement
• Freeze-thaw
• Heat stress

Transition Risks

• Policy and legal risks (carbon pricing)
• Technology risks (disruptive technologies)
• Reputational risks (investor and client sentiment)
• Market risks (changes in client preferences, cost of capital)

Opportunities

• Energy transition investment plans
• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC, GHG Protocol, PCAF, NZIF

Third-party Assurance: Prime Advocates Limited (limited assurance on selected financed GHG emissions)

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 9
• SDG 11
• SDG 13
• SDG 16

Each investment aligns with at least one of these SDGs.

Sustainable Products & Innovation

• Electric vehicles for highway patrols

Awards & Recognition

• AIC Next Generation Dividend Hero 2024
• McGill University Health Centre’s 2024 Prix d’Excellence in Sustainable Development