Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Governance
• Social
• Diversity, Equity and Inclusion (DEI)

Environmental Achievements

• Launched Climate Manifesto with a goal to achieve carbon neutrality across the entire investment portfolio by 2025.
• Warsaw office became 100% carbon neutral in 2022.
• Developed a carbon-neutral balancing model for the investment portfolio.
• Portfolio companies developed climate change strategies and resilience plans based on TCFD recommendations.
• Abris Climate Day – tree planting initiative.

Social Achievements

• Developed a comprehensive DEI program across the portfolio.
• Organized ESG training for portfolio companies focusing on risk management and cyber risk.
• Launched Abris ESG Awards to recognize portfolio companies’ commitment to ESG principles.
• Published a report on women in the Polish private equity and venture capital industry with Level 20 and PSIK.
• Implemented various projects to support employee motivation, wellbeing and retention in portfolio companies.

Governance Achievements

• Developed a comprehensive ESG strategy – Abris ESG Universe 2023.
• Developed the Abris ESG Scoring Application, an innovative IT tool supporting investment decision-making and ESG portfolio oversight.
• Developed Abris Corporate Governance Model to strengthen standards of corporate governance across the portfolio.
• Implemented ESG components into decision-making milestones at every stage of the investment process.
• Developed ESG Exit Path Model to define ESG expectations and track progress.

Climate Goals & Targets

Environmental Challenges

• The unprovoked invasion of Ukraine by Russia created major political, humanitarian, and economic challenges.
• The COVID-19 pandemic presented ongoing challenges.

Mitigation Strategies

• Focus on "business as usual" – keep going and deliver.
• Agility and flexibility in adapting to changing circumstances.
• Development of comprehensive ESG strategies and action plans to mitigate risks and create value.

Supply Chain Management

Responsible Procurement

• Exclusion List for companies involved in activities contravening UN or EU conventions on fundamental rights.
• Code of Ethics signed by all suppliers confirming respect for human rights.
• Anti-corruption clauses with suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs 3, 5, 8, 9, 12, 13, 16), TCFD

UN Sustainable Development Goals

• SDG 3
• SDG 5
• SDG 8
• SDG 9
• SDG 12
• SDG 13
• SDG 16

Strategic ESG activities build the value of investments and support the achievement of sustainable development goals.

Awards & Recognition

• Best ESG Investment Fund (ESG Investing Award 2022)
• Best ESG Private Equity fund in Europe Award (2022)
• 2020 ESG Award from PSIK

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity, and Inclusion (DEI)
• Governance
• Responsible Investment

Environmental Achievements

• Achieved carbon neutrality in Warsaw and Bucharest offices.
• Portfolio companies emitted 30,853 Mg CO2e less in 2023 versus 2022.
• Portfolio avoided 53% Mg CO2e per million euros of revenue in 2023 since the beginning of measurement.

Social Achievements

• Launched DEI Code program, resulting in enhanced diversity metrics across portfolio leadership teams.
• Created Abris DEI Talks, a series of educational videos on DEI.
• Abris ESG Academy focused on measuring the impact of ESG initiatives on value creation.

Governance Achievements

• Achieved B Corp certification, becoming the first private equity firm in Central Europe with this accreditation.
• Developed a proprietary methodology for measuring ESG-enabled EBITDA.
• Implemented a Responsible Investment Management System.

Climate Goals & Targets

Environmental Challenges

• Transition risks for portfolio companies due to coal dependence (higher carbon prices, emission regulations, technology shifts).
• Supply chain disruptions.

Mitigation Strategies

• Developed alternative sourcing strategies.
• Integrated climate goals into Exit Path planning.
• Regular monitoring of climate change with portfolio companies.

Supply Chain Management

Responsible Procurement

• Supplier verification with environmental and social criteria.
• Suppliers sign Graal Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks

• Low acute physical climate-related risks for Abris offices.

Transition Risks

• Changing climate-related guidelines and regulations.
• Rising energy costs.
• Supply chain interruptions.

Opportunities

• Development of energy-efficient products.

Reporting Standards

Frameworks Used: GRI, TCFD

Certifications: B Corp

UN Sustainable Development Goals

• 5.1
• 7.2
• 8.7
• 16.5

The report lists several SDGs that Abris' initiatives support, but doesn't provide a detailed explanation for each.

Awards & Recognition

• PRI Awards 2020 in the category Emerging Markets Initiative of the Year
• ESG Award from the Polish Private Equity and Venture Capital Association (PSIK)
• ESG Investing Awards 2022 in the category Best ESG Investment Fund
• Drawdown Awards 2022 in the category ESG Professional of the Year
• Real Deals Future 40 ESG Innovators
• Real Deals Future 40 Climate Change Champions
• 30%+ Club award for the DEI Code project
• ESG Investing Awards 2023 in the category Best Corporate Sustainability Strategy
• Runner-up at the ESG Investing Awards 2023 in the category Best Corporate Sustainability Strategy