Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions (Scope 1+2+3) from 13296 metric tons in 2022 to 4811 metric tons in 2021
• Increased renewable energy share in total energy consumption to 66.5% in 2022

Social Achievements

• 46% of workforce are women in 2022
• 7.1% employee turnover rate in 2022

Governance Achievements

• 13% of Board of Directors are women in 2022

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Modern Slavery
• Responsible Sourcing of Commodities

Environmental Achievements

• Net-zero commitment for operational emissions and investments by 2030
• Purchased VCM carbon credits equal to operational emissions since 2010
• Entered into forward contracts for technological carbon removal credits

Social Achievements

• Joined the ‘Find it, Fix it, Prevent it’ initiative to combat modern slavery in construction and hospitality
• Engaged with construction companies on modern slavery risks in their direct and contracted staff and supply chains
• Signed the Finance for Biodiversity Pledge
• Joined Nature Action 100

Governance Achievements

• Voluntarily applies standards for transparent reporting, including an annual report in accordance with TCFD standards
• Engages in stewardship with companies on climate transition plans and biodiversity risks
• Votes against company proposals lacking sufficient ESG targets and oversight

Climate Goals & Targets

Environmental Challenges

• Securing high-quality, affordable, and available offsetting capacity at scale for net-zero commitment
• Ensuring the durability, additionality, and robust quantification of carbon credits in the VCM
• Addressing risks associated with sourcing commodities from politically unstable regions and China's dominance in processing
• Understanding and mitigating biodiversity risks and dependencies across investment holdings

Mitigation Strategies

• Closely monitoring the VCM and available tools to build a diversified portfolio of offsetting capacity
• Applying a cautious and rigorous approach when assessing and selecting VCM offsetting instruments
• Engaging with companies to improve their sustainability practices and promote responsible sourcing
• Utilizing biodiversity data providers to identify risks and opportunities and drive informed engagement

Supply Chain Management

Responsible Procurement

• Engaging with companies to improve their responsible sourcing practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD