Climate Change Data

Environmental Metrics

ESG Focus Areas

• Securing access to sustainable fibre
• Maintaining our licence to trade
• Understanding and minimising our contribution to climate change
• Recognising concerns regarding biodiversity
• Safeguarding the wellbeing of employees and contractors
• Increasing our products’ eco-efficiency

Environmental Achievements

• Specific scope 1 and 2 carbon emissions from material operations reduced by 26% since 2004
• Absolute carbon emissions from material operations reduced by 1.4 million tonnes since 2004
• Use of renewable energy sources increased to 57%
• Avoided CO2e emissions of 4.3 million tonnes in 2011
• 61% of wood supply FSC™ or PEFC-certified

Social Achievements

• Total recordable case rate (TRCR) reduced by 16%
• Launched Food 4 Forests program delivering 1.8 million meals to around 8,000 people
• 1,100 employees used HIV/AIDS voluntary counselling and testing (VCT) in 2011
• 40 employees participated in ART program

Governance Achievements

• First integrated report published
• Process to identify material issues implemented
• New five-year commitments developed
• High level of participation in WBCSD, TFD, FSC™, HCV RN, CEPI and FSA
• Inclusion in FTSE4GOOD and JSE SRI Indices
• Advanced level reporter by UN Global Compact

Climate Goals & Targets

Environmental Challenges

• Two fatalities at work in 2011
• Ongoing macroeconomic uncertainty and competitive environment
• Land claims in South Africa
• Water scarcity in South Africa
• Climate change impacts on forestry operations
• Increased incidence of disease and fire in South Africa and Russia

Mitigation Strategies

• Thorough investigations undertaken following fatalities to prevent recurrence
• Addressing risks in integrated report
• Innovative model for engaging with and settling land claimant communities
• Water impact assessments (WIAs) undertaken
• Tree breeding program to produce plant material resistant to climate change
• Increased use of renewable energy sources
• Improved energy efficiency
• Carbon sequestration in South African plantations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• FSC™ Controlled Wood Standard or PEFC Mandatory Guide for the Avoidance of Controversial Timber
• Procurement of Wood, Virgin Fibre and Biomass Requirement
• Code of Conduct for Mondi Group suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Increased storm and hurricane activity
• Rising sea level
• Changes in water availability
• Increased incidence of disease and fire
• Invasive species

Transition Risks

• EU ETS
• South African National Environmental Management: Air Quality Act
• Changes in water availability

Opportunities

• Sustainable forest management
• Increased use of biomass-based fuels
• Carbon sequestration
• Sale of green electricity, heat, and fuels

Reporting Standards

Frameworks Used: GRI G3 Guidelines to a B+ level

Certifications: ISO 14001, ISO 14064-1: 2006, OHSAS 18000, FSC™

Third-party Assurance: ERM CVS

Sustainable Products & Innovation

• Sustainex® biodegradable packaging
• Advantage One sack kraft paper
• Terra Bag® biodegradable industrial bag
• ECO7 lightweight recycled containerboard
• ECO corrugated packaging line
• NAUTILUS® SuperWhite carbon-neutral office paper

Awards & Recognition

• Inclusion in FTSE350 Carbon Disclosure Leadership Index (CDLI)
• Advanced level reporter by UN Global Compact

Environmental Metrics

ESG Focus Areas

• Business Model
• Managing Human Resources
• Digital Evolution

Environmental Achievements

• Reduced fossil fuel consumption by 8% in 2013 compared to 2012 and by 18% compared to 2011 due to office reorganization.
• Reduced energy consumption in 2013 compared to 2012 due to office reorganization and decreased consumption by Monradio S.r.l.
• Increased consumption of FSC/PEFC certified paper to 23.1% of the total in 2013, up from 5.3% in 2011.
• Increased local pulping of magazines and dailies, reducing transport volumes and emissions.

Social Achievements

• Launched ME•book, a digital textbook combining teachers’ and students’ needs, with 140 new titles and more than 1,000 titles in the catalogue.
• Implemented a Performance Management process involving 351 employees in 2013.
• Implemented an MBO system involving 399 employees in 2013.
• Provided over 20,000 hours of training in 2013.

Governance Achievements

• Continued to comply with the Code of Conduct for listed companies.
• Held 6 Board of Directors meetings in 2013.
• Held 10 Board of Statutory Auditors meetings in 2013.
• Held 4 Remuneration and Appointments Committee meetings in 2013.
• Held 6 Control and Risks Committee meetings in 2013.

Climate Goals & Targets

Environmental Challenges

• Radical changes in the markets, requiring decisions about organization and management.
• Digital evolution changing the way publishing products are produced and used.
• Need to transform from traditional publisher to media company.
• Continuing recession and evolution of key markets.
• Difficulties in collecting reliable data relating to logistics of raw materials and finished products.

Mitigation Strategies

• Radically changed the structure to improve economic and productive efficiency.
• Implemented actions to transform the organization, both externally and internally.
• Created a Digital Innovation business unit.
• Implemented restructuring transactions, including early retirement schemes.
• Implemented energy efficiency measures in buildings and replaced the car fleet with low emission models.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Compliance with Mondadori Code of Ethics, European regulations, and minimum worker age requirements (14 years).
• Requirements for suppliers to provide information on product labels regarding origin of components, content, safe use, and disposal.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Potential changes in national and international legislation.

Opportunities

• Improved energy efficiency, reducing greenhouse gas emissions and operating costs.

Reporting Standards

Frameworks Used: GRI G3.1

Certifications: Null

Third-party Assurance: Independent auditing firm (name not specified in provided excerpt)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• ME•book digital textbook

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Expanded emissions reporting to 100% of facilities by square footage
• Reduced travel by approximately 35% in some studies through adaptive monitoring

Social Achievements

• Increased workforce by more than 1,000 employees
• Launched Center for Pediatric Clinical Development
• Nearly 600 employees participated in the Bridge Program
• Promoted 1,532 existing employees
• Made 989 hires through employee referral program
• Recruited over 100 college graduates into accelerated training programs

Governance Achievements

• Completed ESG assessments of key suppliers representing 42% of annual spend
• Launched initiative to enhance enterprise-level risk preparedness
• Began training offices in proactive risk assessment tools

Climate Goals & Targets

Environmental Challenges

• Increased energy consumption and GHG emissions due to 14% increase in facility square footage
• Business travel remained the largest source of GHG emissions (44% increase over previous year)
• Challenge in obtaining PRA-specific waste data from lessors

Mitigation Strategies

• Exploring options to reduce business travel impacts (reviewing travel reasons, increasing use of digital tools and adaptive monitoring, updating company car policy)
• Prioritizing biohazardous waste reduction and safe drug disposal
• Engaging with top waste providers to understand disposal processes and opportunities for waste reduction

Supply Chain Management

Supplier Audits: 42% of annual spend

Responsible Procurement

• ESG assessments of key suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

UN Sustainable Development Goals

• Good Health and Well-being
• Gender Equality
• Industry, Innovation, and Infrastructure

PRA's 2020 Sustainability Goals are aligned with these SDGs.

Awards & Recognition

• PharmaTimes International Clinical Research Company of the Year (4 consecutive years)
• PharmaTimes Clinical Research Company of the Year—Americas (consecutive winner since 2012)
• Best CRO: BioPharma Asia Industry Awards 2016
• Vaccine Industry Excellence Awards: “Highly Commended” designation
• Philly.com: Top Philadelphia Workplace, 2016
• Forbes: Best Mid-Size Employer

Environmental Metrics

ESG Focus Areas

• Secure and reliable energy supply
• Climate change
• Our people
• Business integrity
• Resource efficiency
• Local acceptance

Environmental Achievements

• Reduced direct carbon emissions from fossil fuels for power and heat generation to 63.3 million metric tons (2016: 73.6 million metric tons)
• Reduced SO2 emissions by around 7% relative to the prior year
• Reduced NOx emissions by around 9% relative to the prior year
• 88% of fully consolidated industrial facilities were certified to ISO 14001 (increased from 83% in 2016)
• 95% of ash and gypsum from power stations classified as a by-product or recovered

Social Achievements

• Improved combined TRIF (including Russia) from 1.68 in 2016 to 1.53 in 2017
• Laid the foundation for improving health management across Uniper
• Implemented a new incident-reporting system

Governance Achievements

• Amended HSSE & Sustainability Policy Statement signed by all members of the Management Board
• Implemented a Compliance Management System (CMS)
• Group-wide training on the Code of Conduct provided to employees

Climate Goals & Targets

Environmental Challenges

• Regulatory uncertainty in jurisdictions where Uniper operates makes it difficult to predict carbon emissions
• Disagreements with local communities regarding environmental issues (Datteln, Germany and Provence, France)
• Potential human rights risks in coal and gas sourcing and trading, and in providing engineering and energy services in high-risk regions

Mitigation Strategies

• Participation in Bettercoal initiative to improve human rights in coal supply chain
• Investments to reduce emissions to meet new EU emission standards (BREF)
• Ongoing stakeholder engagement to address concerns and minimize adverse impacts
• Development of a tool and guidelines for water management best practices

Supply Chain Management

Responsible Procurement

• Uniper Supplier Code of Conduct

Climate-Related Risks & Opportunities

Transition Risks

• Regulatory changes affecting fossil-fueled power plants

Opportunities

• Development of energy-efficient products
• Expansion of global gas and LNG trading

Reporting Standards

Frameworks Used: UN Sustainable Development Goals

Certifications: ISO 14001, ISO 50001

UN Sustainable Development Goals

• SDG 7
• SDG 8
• SDG 9
• SDG 12
• SDG 13
• SDG 16

Uniper aligned its material topics with relevant SDGs and used this as the basis for developing strategic commitments.

Environmental Metrics

ESG Focus Areas

• Climate change & energy
• Product safety & quality
• Labor practices
• Occupational health & safety
• Water & effluents
• Air quality & other emissions
• Ethical business conduct
• Innovation
• Market presence & pricing
• Community & giving
• Customer satisfaction
• Economic performance
• Governance & leadership
• Supply chain sustainability
• Talent attraction & retention
• Waste management
• Sustainable products & solutions
• Chemicals & hazardous materials
• Diversity & inclusion

Environmental Achievements

• 8% reduction in greenhouse gases since 2014
• 93% waste diversion from landfill
• 4% energy reduction with $2.5M saved since 2015
• New Bloom fuel server offsetting US carbon dioxide emissions by about 1200 metric tons per year
• New photovoltaic solar system in Lexington, MA providing 32% of the site’s renewable energy production
• Reduced environmental impact by switching to smaller packaging, eliminating 400 tons of cargo and preventing 1,600 metric tons of carbon dioxide emissions

Social Achievements

• Signed the CEO Action for Diversity & Inclusion™ pledge
• $9 million donated through The Agilent Foundation
• 90% of employees participated in annual employee survey; 85% would recommend Agilent as a great place to work
• 50,000 employee volunteer hours in 28 countries
• Recycling partnership with Hope Services providing jobs for developmentally disabled clients
• Award-winning Order Fulfillment & Supply Chain Academy providing free training in automation, robotics, artificial intelligence
• Volunteer Time Off program providing up to six days of paid time-off for employees volunteering with nonprofit agencies
• Support for Indigenous students in Australia to pursue STEM careers

Governance Achievements

• 100 percent of all Agilent business units analyzed for risks related to corruption
• 100 percent of management and non-management employees received anti-corruption training
• 11 board members, 10 of whom are independent directors and three of whom are female

Climate Goals & Targets

Environmental Challenges

• Low number of Indigenous students in STEM programs in Australia
• Food fraud, particularly in rice, affecting West African communities
• Reduced road access and heavy traffic in Denmark impacting employee commute

Mitigation Strategies

• Three-year program to encourage and support the education of Indigenous students in Australia, including scholarships, mentoring, and STEM events
• Research initiative to create a system to monitor and manage fraudulent rice using handheld molecular spectroscopy and a library of rice fingerprints
• Initiatives to make it easy for employees in Denmark to come to work via bicycle

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct policies
• Human rights compliance requirements

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001

Third-party Assurance: DEKRA, Trucost, Douglas Nichols, CPA

UN Sustainable Development Goals

• Not disclosed

Agilent’s work touches nearly all the UN SDGs

Sustainable Products & Innovation

• Agilent Intuvo 9000 Gas Chromatography (GC) system with improved energy efficiency
• Smaller packaging for various products

Awards & Recognition

• Ranked 3rd in Barron’s 100 Most Sustainable Companies
• Top 200 Companies for Gender Equality 2018, Equileap
• 2018 Sustainability Award, Business Intelligence Group
• World’s Best Employers, Forbes
• Best Employers in Malaysia, Aon
• Most Popular Employer in Scientific Instruments Industry, CSR Innovation Award, China Instrument.com AmCham Shanghai

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Recovered approximately 17 million gallons of refined petroleum product, avoiding over 550 tons of emissions through vapor recovery units (VRUs).
• Installed catalytic converters on 100% of operational mainline diesel engines, resulting in >80% reduction in CO emissions.
• Invested over $1.4 million on low NOx burners, achieving an anticipated 60% reduction in NOx emissions.
• Improved flare-gas combustion efficiency at Corpus Christi splitter.
• Reclaimed nearly 40,000 barrels of petroleum products at Kansas City facility.
• Completed a project to extend a truck loading rack canopy, resulting in 57,000 fewer gallons per year of PCW generation and disposal.
• Reused over 1 million barrels of fresh water from 2015-2019, and an additional nearly 500,000 barrels through leasing pond water.
• Recycled 982 tons of scrap metal, 5,400 lbs of aluminum and glass containers, and 8,500 lbs of shipping supplies.

Social Achievements

• Launched Mission ZERO, a new safety initiative.
• Analyzed and integrated lessons learned from a recent safety culture survey.
• Maintained focus on OneMagellan tenets, fostering a positive company culture.
• Contributed over $1 million for community relations giving.
• Employed 1,884 people with a total annual payroll of $239 million.
• Utilized third-party contractors for over $1 billion in maintenance and growth capital projects.
• Paid $107 million to local utilities and over $97 million in payroll and property taxes.
• Began a relationship with the Native American Community Committee and continued membership in the Women’s Energy Network.
• Sponsored and participated in Tulsa’s Racism Stinks walk.
• Attended the Service Academy Career Conference for active military and veterans.

Governance Achievements

• Eliminated incentive distribution rights in 2009, aligning management with unitholders.
• Approximately 60% of senior leadership compensation tied to company performance and paid in equity.
• LTIP based on cash flow performance per unit.
• AIP includes 25% weight on environmental and safety performance.
• Annually conducts an internal pay equity ratio analysis.

Climate Goals & Targets

Environmental Challenges

• Minimizing environmental impact of operations.
• Maintaining safety across operations.
• Ensuring compliance with regulations.
• Managing risks associated with operations.

Mitigation Strategies

• Comprehensive safety management system (SMS).
• Pipeline integrity management plan (IMP).
• 24-hour pipeline control center monitoring.
• Emergency preparedness and response plans.
• Code Red "60 Minute Assault" for pipeline releases.
• Continuous improvement in emissions reduction technology.
• Investment in VRUs and other emission reduction initiatives.
• Water reclamation, reduction, and reuse practices.
• Waste reduction, recycling, and reuse initiatives.
• Energy efficiency measures (DRA, LED bulbs, hydraulic modeling).
• Robust incident reporting and investigation system.
• Contractor safety management.
• Enterprise risk management framework.
• Cybersecurity program.

Supply Chain Management

Supplier Audits: 1,650 suppliers and contractors screened for health and safety criteria

Responsible Procurement

• Meeting Magellan’s safety, environmental, labor, and ethical commitments; compliance with all applicable laws and regulations; use of US steel for major pipeline projects.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, SASB energy industry-specific standards

Awards & Recognition

• Alerian’s “Most Fiscally Responsible” award (three consecutive years)

Environmental Metrics

ESG Focus Areas

• Global warming & climate change
• Cross-sectoral issues
• Business incubation & job creation
• Social infrastructure & town planning
• Aging population & low birth rate
• Financial innovation
• Workstyle reforms

Environmental Achievements

• Ranked second in the global ranking of lead arrangers for finance related to renewable energy projects in 2019.
• Switched to 100% renewable energy for electricity used in the main bank building in Marunouchi, Tokyo.
• Achieved a 27.9% reduction in electricity use per unit compared with FY2009.

Social Achievements

• Launched Rise Up Festa, a program that provides medium- to long-term support to venture companies.
• Issued the world's first sustainability bond for retail investors that covered COVID-19 responses.
• Achieved a 25% ratio of female staff in managerial positions as of March 31, 2020.

Governance Achievements

• Appointed a Chief Sustainability Officer (CSuO) in May 2020.
• Engaged two external advisors representing the fields of environment and social to advise the Board of Directors and Sustainability Committee.
• Reorganized the CSR Committee into the Sustainability Committee.

Climate Goals & Targets

Environmental Challenges

• Global warming and climate change
• Transition risks (stricter regulation, decarbonizing technologies)
• Physical risks (climate change-induced natural disasters)
• Aging population and low birth rate in Japan
• Lack of successors for domestic SMEs

Mitigation Strategies

• Set sustainable finance goals for resolving environmental and social issues, aiming for 20 trillion yen by 2030.
• Implemented scenario analysis to gauge the impacts of climate change-related risks on its credit portfolio.
• Developed a loan product called the Sustainability Linked Loan (SLL).
• Engaged in ongoing investment in the “Dream Succession III Limited Partnership” to assist business succession.
• Offered financial and economic education and developed products for elderly customers.

Supply Chain Management

Responsible Procurement

• Published a statement on initiatives to prevent exploitation of labor and human trafficking in response to the Modern Slavery Act in the UK.

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Transition Risks

• Stricter regulations
• Decarbonizing technologies

Opportunities

• Supporting climate change measures and the transition to a decarbonized society.

Reporting Standards

Frameworks Used: GRI Standards, UN Global Compact, SASB, TCFD

Awards & Recognition

• 2020 J–Win Diversity Award
• Environmental Finance Bond Award 2020
• Tokyo Financial Award 2019
• The First ESG Finance Award Japan

Environmental Metrics

ESG Focus Areas

• Climate protection
• Health and safety
• Diversity and inclusion
• Good corporate governance

Environmental Achievements

• Reduced Scope 1 emissions by 8% year on year
• Reduced indirect emissions by about 10%
• Europe’s largest rooftop solar array commissioned at an Audi facility in Győr, Hungary
• Two organic Rankine cycle (ORC) power plants in Kirchweidach, Germany, will avoid about 22,110 metric tonnes of carbon emissions each year
• Reduced customers’ carbon emissions by more than 340,000 metric tonnes

Social Achievements

• Launched a Parent Network with over 200 colleagues
• Launched Parent Buddies program for one-on-one support
• Received CDP A rating for corporate sustainability
• Conferred CEO Awards for Diversity and Inclusion
• Improved employee health rate to 96.3%

Governance Achievements

• Adopted a new, more ambitious sustainability strategy
• Set new climate targets for 2030-2050
• Integrated climate risk assessment into enterprise risk management
• Improved complaint management to “proactive” status in all countries
• Continued to improve compliance and anti-corruption practices

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic
• Supply chain disruptions
• Achieving ambitious climate targets
• Maintaining high safety standards despite workforce size
• Integrating innogy's operations

Mitigation Strategies

• Implemented systematic procedures to safeguard employees and customers
• Established a Corona Task Force to monitor supply chain
• Defined specific actions to reduce emissions in all three scopes of the GHG Protocol
• Implemented comprehensive measures to keep workplaces safe
• Harmonized processes and tools for conducting root-cause analyses

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• ESG performance assessment
• Supplier onboarding process
• Supplier performance reviews
• Human rights due diligence

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Changes in consumer preferences
• Regulatory changes
• Carbon prices

Opportunities

• Growth in renewable energy
• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI SRS 2016, TCFD

Certifications: ISO 14001, EMAS, ISO 50001, ISO 45001

Third-party Assurance: PricewaterhouseCoopers GmbH (Limited Assurance)

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 11 (Sustainable Cities and Communities)
• SDG 13 (Climate Action)

E.ON's core businesses contribute to these goals through energy networks, customer solutions, and climate protection initiatives.

Sustainable Products & Innovation

• E.ON Rooftop
• E.ON E-Mobility Coach
• E.ON Home app
• ectogrid™ technology
• Smart meters
• Ultra-fast charging stations

Awards & Recognition

• CDP A rating
• Red Dot Award for E.ON Home app
• Uswitch Energy Awards for E.ON UK

Environmental Metrics

ESG Focus Areas

• Diversity, Equity & Inclusion
• Waste Reduction
• Energy Reduction
• Environmental Compliance
• Circularity and Innovation
• Climate Change

Environmental Achievements

• Reduced energy consumption by -0.3% in 2021 from 2020 baseline; 23 energy efficiency projects resulting in more than $440,000 of savings
• 85% of waste diverted from landfills globally in 2021; 149 facilities achieved 90%+ diversion; 50 facilities achieved zero waste to landfill
• Reduced BOD per metric ton of production by 77% in legacy Greif containerboard mills since 2017
• Soterra forests sequestered 1,129,000 tons of CO2 in 2021
• Four production facilities achieved ISO 50001 certification for energy management

Social Achievements

• 91% response rate on colleague engagement survey, ranking in the 90th percentile of all companies measured in Gallup’s global manufacturing database
• Expanded Colleague Resource Groups (CRGs) to four groups with approximately 600 members
• Completed pay equity study and announced commitment to pay equity and transparency
• Mill Group reduced customer complaints by 30%, resulting in over $2 million reduction in customer claims

Governance Achievements

• Strengthened ESG strategy governance structure by implementing quarterly ESG steering committee reviews and integrating ESG data into Greif Business System, capital approval process, and enterprise scorecard
• Integrated ESG KPIs into performance review systems (GBS book, MWB scorecard, CEO’s enterprise scorecard)
• Completed 38 risk-based audits in 2021
• 100% of complaints from Ethics Hotline investigated; 98.5% resolved

Climate Goals & Targets

Environmental Challenges

• Ongoing obstacles related to the COVID-19 pandemic
• Supply chain disruptions due to the COVID-19 pandemic and Texas winter storms
• Labor challenges
• Lack of raw materials due to supply chain constraints
• Climate-related risks (extreme weather events, raw material price and supply volatility, rising sea levels)

Mitigation Strategies

• Active measures to maintain colleague health, safety, and well-being
• Consistent and robust engagement with customers
• Leveraging existing Natural Disaster Recovery Protocol
• Utilizing backup and new suppliers
• Implementing risk mitigation strategies identified in climate risk workshops
• Implementing Crisis Management protocols

Supply Chain Management

Supplier Audits: 20% of supplier spend completed EcoVadis assessments in 2021; target of 35% by end of 2022

Responsible Procurement

• Supplier Code of Conduct (updated in 2021)
• Conflict Minerals Policy
• Transparency in Supply Chain Disclosure
• Sustainable Procurement Team evaluating opportunities to minimize material use and find sustainable raw material alternatives
• Incorporation of environmental and social procurement criteria into Purchasing Policy

Climate-Related Risks & Opportunities

Physical Risks

• Natural catastrophes (floods, hurricanes, earthquakes, windstorms)
• Direct environmental catastrophes at key facilities

Transition Risks

• Carbon pricing mechanisms
• Inefficient investments/capital planning
• Shift in customer preferences (demand for sustainable products)

Opportunities

• Impact on Greif’s Recycling Business (increased steel and plastic recycling rates)
• Resilience (faster resumption of production levels)
• Growth of sustainable product portfolio

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB Application Guidance, UN Global Compact, TCFD

Certifications: ISO 9001, ISO 50001, ISO 14001 (15 sites), SFI

Third-party Assurance: Apex Companies

UN Sustainable Development Goals

• 3 (Good Health and Well-being)
• 4 (Quality Education)
• 5 (Gender Equality)
• 6 (Clean Water and Sanitation)
• 8 (Decent Work and Economic Growth)
• 9 (Industry, Innovation and Infrastructure)
• 10 (Reduced Inequalities)
• 12 (Responsible Consumption and Production)
• 13 (Climate Action)

Report details how initiatives contribute to these goals.

Sustainable Products & Innovation

• EnviroBev beverage carrier board
• EasyPour® Concrete Forming Tubes with aqueous coating
• EcoEx multi-barrier technology for jerrycans
• Lightweight geometric design plastic drum
• Recycled material products replacing virgin-based products

Awards & Recognition

• EcoVadis Gold Recognition (4 consecutive years)
• CDP Climate Change B rating (2021)
• Newsweek’s America’s Most Responsible Companies
• Newsweek’s Most Loved Workplaces (2021)

Environmental Metrics

ESG Focus Areas

• Diversity, Equity, and Inclusion
• Governance
• Environment
• Supply Chain
• Business Continuity

Environmental Achievements

• Removed all clam shell packaging in 2020-2021
• Recovered 83% of sales returns and 77% of service returns in 2021
• Global headquarters is LEED Gold certified
• Dublin facility is ISO 9001:2015 and ISO 14001:2015 certified

Social Achievements

• Increased racial and gender diversity among Avid Community Association members by 21% in 2020
• 58% of recruits in 2021 were women
• Offered employee wellness programs, including mental health resources
• Provided thousands of free temporary licenses to customers during COVID-19
• Supported Boston Arts Academy with over $800,000 in products and funding in 2020

Governance Achievements

• Four of nine independent directors are women
• Separated CEO and Chairman roles
• Ended staggered Board elections
• Updated Audit Committee charter to include oversight of ESG issues
• Implemented a robust vendor risk management program

Climate Goals & Targets

Environmental Challenges

• Retaining diversity in the technology sector
• Managing information security risks in a SaaS business model
• Ensuring supply chain sustainability and ethical sourcing
• Data collection for comprehensive ESG reporting

Mitigation Strategies

• Implementing DEI policies, goals, and training
• Investing heavily in information security and risk management
• Conducting due diligence with vendors and adhering to the RBA Code of Conduct
• Planning to enhance data collection on energy, water use, and GHG emissions

Supply Chain Management

Responsible Procurement

• Avid Supplier Code of Conduct
• Preference for Responsible Business Alliance members
• Due diligence on new vendors
• Regular business reviews with key suppliers
• Anti-Slavery Statement

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals, Global Reporting Initiative

Certifications: LEED Gold, Energy Star, ISO 9001:2015, ISO 14001:2015, RoHS 3, WEEE

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 5: Gender Equality
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation, and Infrastructure
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action

Avid's initiatives align with these goals through various programs and practices described in the report.

Sustainable Products & Innovation

• Products designed for longevity and serviceability

Environmental Metrics

ESG Focus Areas

• Climate change
• Circular economy
• Shared value
• Diversity & Inclusion
• Safety

Environmental Achievements

• Reduced fuel consumption by 8.3 million gallons, avoiding 79,533 tons of greenhouse gas emissions in 2021.
• Offset 335,183 tons of CO2 in 2021 through alliances with Fundación Cataruben and Project CO2Bio.
• Alliance with Fundación Cataruben and Project CO2Bio for the conservation and restoration of 200,000 hectares of floodable savanna in Colombia's Orinoco region.
• 5.3% increase in aviation fuel efficiency from 2012 to 2021 through the LATAM Fuel Efficiency program.
• Integration of 70 A320neo-family aircraft with lower CO2 emissions.

Social Achievements

• Free transport of nearly 208 million COVID-19 vaccine doses in Brazil, Chile, Ecuador, and Peru.
• Launched the Avion Solidario program providing free support for health, environmental, and natural disaster needs.
• Organizational Health Index (OHI) score of 77 in 2021.
• Employee turnover rate reduced to 22.5% in 2021 from 53.7% in 2020.
• More than 665,000 hours of employee training in 2021.

Governance Achievements

• Completed restructuring of fleet, resulting in estimated savings of more than 40% of fleet cash costs compared to 2019 levels.
• Successfully obtained Tranche B of debtor-in-possession financing for US$750 million under Chapter 11 reorganization.
• Submitted Reorganization Plan under Chapter 11 of the U.S. Bankruptcy Law.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting air travel demand and operations.
• Financial reorganization process under Chapter 11.
• Supply chain disruptions.
• Rising fuel prices.
• New COVID-19 variants and border closures.

Mitigation Strategies

• Restructuring initiatives totaling over US$900 million in cost savings.
• Gradual recovery of operations, reaching 70.1% of 2019 capacity in December 2021.
• Renegotiation of fleet contracts and reduction of total aircraft.
• Digital transformation and implementation of new technologies.
• Development of alternative sourcing strategies.
• Fuel hedging strategies (though limited in 2021 due to Chapter 11).

Supply Chain Management

Supplier Audits: 270 audits performed in 2021

Responsible Procurement

• Corporate Procurement Policy aligned with Anti-Corruption Policy; contracts include clauses requiring reporting of environmental incidents.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and operations.

Reporting Standards

Frameworks Used: GRI Standards: Essential Option, International Integrated Reporting Council (IIRC) Principles

Certifications: ISO 14001/2015 (LATAM Cargo in Miami), IEnvA stage 1 and 2 (LATAM Airlines Colombia and Chile respectively)

Third-party Assurance: Deloitte

Sustainable Products & Innovation

• Redesign of amenity kits with sustainable materials.
• Implementation of digital processes to reduce paper consumption.

Awards & Recognition

• Most sustainable airline in the region and fourth in the world (S&P Corporate Sustainability Assessment)
• Included in Sustainability Yearbook 2022 (Bronze category)
• Leading Airline in South America and Leading Airline Brand in South America (World Travel Awards 2021)
• Best Airline in South America (Global Traveler Awards)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity and Inclusion
• Governance

Environmental Achievements

• Fleet reached ~66% new technology aircraft, transitioning to a 75% target in 2024. Sold 120 older technology aircraft in 2022.
• Offset ~60% of Scope 1, Scope 2, and Business Travel Emissions for 2021, up from ~40% the prior year.

Social Achievements

• Launched Diversity, Equity, Inclusion, and Belonging (DEIB) framework.
• 47% of new hires in 2022 were women.
• AerCap, together with employees, donated over $800,000 to charities.

Governance Achievements

• Established a Board-level ESG Committee in December 2021.
• Established a dedicated government affairs function based in Brussels.
• No material/reported compliance breaches or major lawsuits in 2022.

Climate Goals & Targets

Environmental Challenges

• Transition risks due to environmental regulations and public interest in less carbon-intensive travel.
• Internal risks related to attracting and retaining talent in a competitive industry.
• Public ESG and sustainability reporting expectations from stakeholders.
• Growing concerns over climate change and risk of greenwashing.

Mitigation Strategies

• Fleet transition strategy towards ~75% new technology aircraft by 2024.
• Focus on building a diverse talent pipeline through internal and external initiatives.
• Establishment of a Board-level ESG Committee and Government Affairs function.
• Transparency through annual ESG reporting since 2018.

Supply Chain Management

Responsible Procurement

• ESG factors incorporated in supplier selection.
• Compliance review of suppliers, including KYC and AML checks.

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events impacting air travel demand.

Transition Risks

• Environmental regulations favoring lower-emission aircraft.

Opportunities

• Investment in new technology aircraft.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO certified (AerCap Materials)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Initiatives related to fleet transformation, renewable energy, and carbon offsetting.