Climate Change Data

Environmental Metrics

ESG Focus Areas

• Greenhouse gas emissions
• Employee satisfaction
• Compliance

Environmental Achievements

• Supported a local reforestation campaign in Hesse state forest, aiming to create a carbon sink of approximately 45 tonnes of CO2 per year once mature.

Social Achievements

• Maintained zero fines for compliance violations, reflecting a zero-tolerance policy for corruption and unethical practices.
• Supported Level 20, a British non-profit organization focused on improving gender diversity in private equity.

Governance Achievements

• Maintained zero fines for compliance violations, reflecting a zero-tolerance policy for corruption and unethical practices.

Climate Goals & Targets

Environmental Challenges

• Increased carbon emissions per employee (2.5 tonnes in 2021/2022) compared to the previous year due to increased travel.
• Decline in employee satisfaction (62% in 2021/2022) compared to the previous year (68%), attributed to post-pandemic stress, war in Europe, inflation, heavier workloads, and changes in business processes.
• Difficulty in obtaining carbon footprint data from advisors, hindering efforts to reduce scope 3 emissions.

Mitigation Strategies

• Encouraging train travel over short-haul flights and increased use of video conferencing.
• Phasing out company cars and offering transit cards to employees from January 2023.
• Implementing ESG-based KPIs into portfolio companies' budget plans for the 2023 financial year.
• Addressing feedback on process changes to optimize workflow and improve employee satisfaction.
• Supporting Level 20 to improve gender diversity.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol

Environmental Metrics

ESG Focus Areas

• Greenhouse gas emissions
• Employee satisfaction
• Compliance
• Occupational health and safety
• Gender parity

Environmental Achievements

• Offsetting all greenhouse gas emissions from DBAG's Frankfurt office.
• Supported a local reforestation campaign in Hesse, planting 6,000 trees across 4.5 hectares.
• Funded a regenerative agroforestry project in Lombardy, Italy, planting 200 trees.

Social Achievements

• Improved employee satisfaction score to 65% (from 62% in 2021/2022), exceeding the target of 63%.
• Introduced paid parental leave for up to 24 weeks.
• Offered transit cards to employees instead of company cars.
• Established the DBAG Women in Private Equity Campus to foster networking and support for women.

Governance Achievements

• Achieved 0 euros in fines for compliance violations.
• Defined salary brackets for different ranks in the Investment Advisory Team to ensure fair and equal pay.

Climate Goals & Targets

Environmental Challenges

• Difficulty in accurately measuring Scope 3 emissions due to lack of carbon footprint data from most consultants.
• Increase in carbon emissions per employee (2.9 tonnes) due to increased transaction activity and business travel.

Mitigation Strategies

• Intending to reduce greenhouse gas emissions in line with the Paris Agreement goals by 2030, following a science-based target approach.
• Fully compensating remaining greenhouse gas emissions each year.
• Encouraging employees to use trains instead of short-haul flights and video conferencing to reduce travel.
• Phasing out company cars and offering transit cards.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of conduct for portfolio companies

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol (GHG)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed