Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 100% of electricity purchased is green and renewable.
• Solar panels installed in Liège building and double glazing in Antwerp building.
• Electric vehicle charging stations installed in main buildings.
• DPAM's carbon footprint reduced significantly (408.8tCO2, 2.7t CO2/employee, 10.46 kg CO2/million euro in AUM), considered CO2-neutral due to offsetting and reduced commuting.
• Participation in green electricity generation projects leading to 260 GWh annual production.

Social Achievements

• 700 hours devoted to health and safety training.
• Relaunched employee engagement survey showing improvement.
• Implemented flexible working mode with two days of teleworking per week in Belgium.
• 2,200 days of corporate volunteering.
• Micro-donation program raised over 32,000 euros.

Governance Achievements

• 1500+ employees trained and signed up to the Code of Ethics and Business Conduct.
• Established Anti-Bribery and Corruption Program.
• Implemented Risk Awareness and Control Excellence (RACE) program.
• New governance structure established, including Non-Financial Risk Committee, Advisory Boards (FISAB, VAB), and Group Sustainability Manager.

Climate Goals & Targets

Environmental Challenges

• Determining the group's carbon footprint accurately.
• Limited data on emissions from foreign offices.
• Need to further professionalize materiality process.
• Addressing challenges related to gender diversity in recruitment and senior management.

Mitigation Strategies

• Pilot project to accurately determine group's carbon footprint.
• Conducting a materiality assessment in 2022 with a broader stakeholder basis.
• Supporting initiatives of Women in Finance to attract female talent.
• Developing a tool to perform gender pay equity analysis across all departments and countries.

Supply Chain Management

Responsible Procurement

• Purchasing policy with environmental and social criteria.
• Focus on suppliers committed to environmental and ethical principles.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN PRI, TCFD, UN PRB, SFDR

Awards & Recognition

• A+ rating from UN PRI (2020)
• 6th place in Hirschel & Kramer Responsible Investment Brand Index (RIBI™)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity and Inclusion
• Responsible Investments
• Data Privacy, Data Security and Cybersecurity
• Legislation and Compliance

Environmental Achievements

• Reduced Scope 1 and 2 CO2 emissions from 3,848 tons in 2022 to 3,534 tons in 2023.
• Assessed financed emissions, amounting to 15 million tons CO2e in 2023.
• Voluntarily committed to SBTi Net Zero at group level with a short-term target of 75% reduction in Scope 1 and 2 emissions by 2030.
• Installed solar panels in Antwerp branch, completed energy refit in Hasselt branch, and prepared renovations in Brussels and Luxembourg headquarters (2.5 million euro investment).

Social Achievements

• Maintained employee engagement score at 76% despite uncertainties.
• Launched Employee Assistance Program for mental health support.
• Improved data security with 'Defense-in-depth' strategy and live simulations.
• Updated Whistleblowing Policy.

Governance Achievements

• Conducted a double materiality assessment.
• Integrated ESG-related scorecards and KPIs into variable remuneration for all staff (over 40% of scorecard).
• Updated diversity policy and introduced new KPIs.
• Formalized commitment to responsible taxpaying in Group Tax Policy.
• Updated procedure for accepting gifts and mandates to strengthen anti-bribery and corruption measures.

Climate Goals & Targets

Environmental Challenges

• Limited data availability for PAI reporting.
• Difficulty collecting information from all counterparties for Taxonomy reporting.
• Evolving regulatory landscape (CSRD, Taxonomy).
• Maintaining high levels of cyber resilience in a constantly evolving threat landscape.
• Attracting and retaining talent in a competitive labor market.

Mitigation Strategies

• Developed proxies for PAI data.
• Used multiple data sources for Taxonomy reporting (S&P Global Trucost, Sustainalytics, Cleversoft).
• Proactive engagement with evolving regulations (CSRD).
• Implementation of 'Defense-in-depth' strategy, regular live simulations, and adherence to security frameworks (NIST, EBA, ECB, SWIFT CSCF).
• Strategic roadmap to become an Employer of Choice, focusing on company culture, leadership, benefits, and job opportunities.

Supply Chain Management

Responsible Procurement

• Updated Supplier policy
• Membership in Belgian Institute of Sustainable IT (ISIT)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CSRD, SFDR, EU Taxonomy, TCFD, UN PRI, UN PRB

UN Sustainable Development Goals

• Goal 8: Decent Work and Economic Growth

Initiatives related to employee development, responsible investments, and community engagement contribute to SDG 8.

Sustainable Products & Innovation

• Sustainable funds and portfolios
• Capital for Climate private equity fund

Environmental Metrics

ESG Focus Areas

• Climate change mitigation and adaptation
• Sustainable use and protection of water and marine resources
• Pollution prevention and control
• Transition to a circular economy
• Protection and restoration of biodiversity and ecosystems
• Social and employee matters
• Respect for human rights
• Anti-corruption and anti-bribery

Climate Goals & Targets

Environmental Challenges

• Limited availability of sustainable investment instruments on the market
• Concentration risk due to limited selection of sustainable instruments
• Need to adapt existing portfolios to meet client sustainability preferences
• Lack of harmonized definitions and rating methodologies for sustainable investments at the EU level

Mitigation Strategies

• Development of an in-house methodology for assessing sustainable financial instruments
• Phased portfolio adjustments to minimize costs and disruption
• Use of Sustainable Development Goals (SDGs) as a reference framework for sustainable investments

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SFDR, Taxonomy, UN SDGs, OECD Guidelines for Multinational Enterprises