Groupe Bruxelles Lambert
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Scope 1 Emissions:166 tCO2e
Scope 2 Emissions:5 tCO2e
Scope 3 Emissions:708 tCO2e (business travel, energy and fuel, commuting) + 3,186.0 ktCO2e (emissions from investments)
ESG Focus Areas
- Governance
- Climate Change
- Diversity & Inclusion
Environmental Achievements
- Reduced carbon intensity of GBL’s portfolio by a factor of 30 between 2012 and 2023 (greenhouse gas emissions from scope 1 and scope 2 investments in relation to the NAV).
Social Achievements
- Launched global employee health and wellbeing campaign at Affidea.
- Launched global ESG training campaign at Affidea.
- Launched Affidea Sports Academy in Switzerland.
- Supported world champion long jumper Stelios Malakopoulos in Greece.
Governance Achievements
- Reduced the number of GBL Board members from 13 to 11.
- Increased the number of women on its Board to four.
- Implemented an investment program for employees to invest in a portfolio of selected investments.
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050.
Medium-term Goals:
- 100% of eligible portfolio positions with climate strategy and targets aligned with a 1.5°C pathway approved by SBTi by 2030.
- 52% reduction of greenhouse gas emissions scope 1 and scope 2 by 2030 from a 2019 baseline.
Short-term Goals:
- 66% of eligible portfolio positions with climate strategy and targets aligned with a 1.5°C pathway approved by SBTi by 2025.
Environmental Challenges
- Scarcity of qualified medical staff (e.g., radiologists) at Affidea.
- Supply chain disruptions at Canyon.
- Unfavorable weather impacting Parques Reunidos' performance.
Mitigation Strategies
- Investing in process digitization and investigating digital workflow and productivity solutions at Affidea.
- Improving customer service through new service points at Canyon.
- Implementing cost optimization initiatives at Voodoo.
Supply Chain Management
Responsible Procurement
- Code of Conduct for Suppliers
Climate-Related Risks & Opportunities
Opportunities
- Investment in assets benefiting from the structural shift towards clean mobility and renewable energy.
Reporting Standards
Frameworks Used: GRI Standards: Core Option, SASB Standards: Financial Sector - Asset Management & Custody Activities, TCFD, UNGC, PRI
Third-party Assurance: PwC