Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity
• Transparency
• Access to sustainable finance
• Governance

Environmental Achievements

• Achieved climate-neutrality company status by offsetting its carbon footprint in 2020 and aims to maintain this status going forward.
• From 2021 onwards, GBL will ban internal combustion engine vehicles from newly acquired employees’ fleet of vehicles in profit of hybrid or electric engine powered vehicles.
• Its premises have been fully renovated to reduce their energy consumption.

Social Achievements

• GBL ACT made its largest ever contribution to civil society, pledging EUR 1.9 million across 38 projects in the fields of education, health and environment in 2020.
• GBL gives all individuals the resources to develop their expertise and leadership skills, by supporting and providing training opportunities for its employees’ professional development.
• All GBL’s employees are covered by a collective bargaining agreement.

Governance Achievements

• GBL has gradually strengthened the presence of women in its Board of Directors which counts six women out of a total of seventeen members.
• The Board of Directors assesses its own performance every three years based on an individual questionnaire.
• Yearly training courses are organized for all employees to (i) raise their awareness to GBL’s corporate values and related anti-corruption practices and (ii) require them to comply with these policies. In 2020, no incidents related to corruption were reported with regards to GBL and its employees.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impact on market dynamics and portfolio companies' performance.
• Lower dividend contribution from portfolio companies.
• Widening discount to net asset value.

Mitigation Strategies

• Maintained financial discipline and strong balance sheet.
• Seized emerging opportunities.
• Simplified ownership structure to increase liquidity.
• Accelerated share buyback program.
• Provided support to portfolio companies to navigate volatility.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (Core option), SASB Standards (Financials Sector – Asset Management & Custody Activities), TCFD, UNGC

Certifications: Null

Third-party Assurance: PwC (limited assurance on GRI Standards)

UN Sustainable Development Goals

• Not disclosed

Portfolio companies' initiatives contribute to various UN SDGs.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainable Investing
• Diversity, Equity and Inclusion
• Employee Wellbeing
• Responsible Supply Chain

Environmental Achievements

• Launched Climate Action Portfolios
• Joined Partnership for Carbon Accounting Financials (PCAF) to measure and disclose greenhouse gas emissions

Social Achievements

• Implemented Diversity, Equity and Inclusion Strategy
• Implemented Wellness Strategy to support employee wellbeing
• IG Wealth Management and Mackenzie Investments are signatories to the Principles for Responsible Investment (PRI)

Governance Achievements

• Strong corporate governance emphasized by the Board of Directors and its committees
• Regularly assesses capital management practices
• Compliance with regulatory capital requirements for subsidiaries

Climate Goals & Targets

Environmental Challenges

• Market volatility impacting AUM&A, revenue, and earnings
• Climate change related physical and transition risks
• Regulatory changes impacting product competitiveness
• Cybersecurity incidents

Mitigation Strategies

• Diversification of AUM and product shelf
• Implementation of climate-related scenario analysis tools
• Active monitoring of regulatory developments and engagement with regulators
• Enterprise-wide cybersecurity programs and threat assessment

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Material Outsourcing Policy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting corporate properties and client mortgages

Transition Risks

• Shifts in product demand
• New regulatory, legal, or disclosure requirements

Opportunities

• Growing demand for sustainable investing
• Investment opportunities in the transition to a net-zero economy

Reporting Standards

Frameworks Used: TCFD

Sustainable Products & Innovation

• Climate Action Portfolios