Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Resource Use (Packaging, Water, Waste)
• Circular Economy

Environmental Achievements

• Reduced Scope 1 emissions from corporate operations to zero in FY23 by disposing of internal combustion engine vehicles.
• Procured 100% renewable energy for Amsterdam and London offices.
• Implemented actions to reduce Scope 2 emissions to zero, including engaging with leasing agencies for on-site solar panels and procuring green energy.
• Improved Scope 3 measurement and disclosures.
• Engaged with significant suppliers on emissions data and climate plans.
• 30% reduction target for corporate air travel emissions by FY30 (base year FY20).

Social Achievements

• Published a report with 10 golden rules for scaling sustainable packaging for digital delivery companies.
• iFood's 'Amigos da Natureza' initiative motivated 90% of restaurant partners to reduce single-use plastic.

Governance Achievements

• ESG standards and behaviours articulated in supplier code of conduct.
• Phased implementation of ESG standards into supplier contracts.
• Scope 1 and 2 emissions data of Prosus corporate and portfolio companies with controlling interest audited with limited assurance for FY20-FY23.

Climate Goals & Targets

Environmental Challenges

• Managing emissions from a diverse and dynamic investment portfolio.
• Improving the scope and maturity of emissions reporting from portfolio companies.
• Limited control over emissions from suppliers and business partners.
• Inconsistent data availability and quality from suppliers.
• Accurate allocation of emissions associated with contracted work from suppliers.

Mitigation Strategies

• Proactive support for portfolio companies to measure and report GHG emissions.
• Supplier engagement program to collect primary emissions data.
• Implementation of a supplier code of conduct with ESG standards.
• Phased implementation of ESG standards into supplier contracts.
• Use of primary data from suppliers for more accurate emissions calculations.
• Development of an extensive model and approach to measure packaging used by iFood's restaurant partners.

Supply Chain Management

Supplier Audits: ESG screening of over 3400 suppliers using a third-party tool.

Responsible Procurement

• Supplier code of conduct with ESG standards.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol Corporate Accounting and Reporting Standard

Certifications: BREEAM (Amsterdam office)

Third-party Assurance: Limited assurance for Scope 1 and 2 emissions data of Prosus corporate and portfolio companies with controlling interest (FY20-FY23)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Resource Use and Circular Economy
• Pollution
• Water

Environmental Achievements

• Achieved 100% renewable electricity at Amsterdam and London offices.
• Removed all company cars or switched them to electric vehicles in FY23.
• Established framework for Distributed Renewable Energy Certificates (D-RECs) in FY23.
• Committed to purchasing 95Mt of SAF credits for five consecutive years starting 2027.
• OLX avoided millions of tonnes of GHG emissions through the trade of secondhand products.

Social Achievements

• Not disclosed

Governance Achievements

• Embedded sustainability targets in the annual business-planning process.
• Senior executives have environmental sustainability KPIs as part of their remuneration scorecard.
• All newly acquired companies (majority share) required to measure and disclose scope 1 and 2 GHG emissions within 24 months of onboarding.

Climate Goals & Targets

Environmental Challenges

• Decarbonising operations in high-growth markets with varying levels of economic resilience and government support.
• Managing climate-related physical risks (floods, precipitation, temperature, fire, heat, drought) to portfolio companies.
• Addressing air pollution from delivery vehicles, particularly two-wheelers in markets with limited regulation.
• Managing water consumption in data centers indirectly through vendors.

Mitigation Strategies

• Developed a science-based climate transition plan.
• Implemented a three-step approach to support investment portfolio in managing environmental impact: map, identify, invest.
• Engaged with portfolio companies to develop science-based emission reduction targets.
• Supported portfolio companies in implementing solutions to increase the use of zero-emission vehicles.
• Engaged with data center vendors on responsible water management.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier code of conduct embedding ethical principles and professional behaviours, including environmental and social considerations.

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Precipitation
• Temperature
• Fire
• Heat
• Drought

Transition Risks

• Policy changes
• Legal action
• Market shifts
• Technological changes
• Reputational risks

Opportunities

• Building a circular economy
• Core business models contributing to low-carbon economy
• Investing in low-carbon ventures
• Greening transport and delivery
• Increasing benefits of decarbonisation strategies

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), GHG Protocol, TCFD, European Sustainability Reporting Standards (ESRS)

Certifications: BREEAM (Amsterdam office)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 11
• SDG 12
• SDG 13

The environmental sustainability programme contributes to principles 11, 12 and 13 of the UN SDGs.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Governance
• Responsible Investment

Environmental Achievements

• Onboarded all subsidiaries onto a carbon data management tool.
• Achieved carbon neutrality for both corporate operations and investments through the purchase of credits from high-quality energy-efficiency and renewable-energy projects.
• Joined the BoardNow programme and purchased sustainable aviation fuel (SAF) credits to reduce emissions from business travel.

Social Achievements

• Engaged, trained, and mobilized a network of sustainability champions across subsidiaries.
• Implemented a project at OLX to understand and substantiate the opportunity for digital platforms for used-car trade to contribute to the reduction of GHG emissions from cars.
• iFood is successfully rolling out e-bikes and other electric vehicles to decarbonize its food delivery.

Governance Achievements

• Board retains oversight of the sustainability agenda, including climate action strategy and plan.
• Climate action targets integrated into group financial planning and included in CEO’s and CFO’s KPIs.
• Regular board meetings include sustainability as a standard agenda item.

Climate Goals & Targets

Environmental Challenges

• High-growth markets where Prosus operates are more vulnerable to climate change impacts.
• Portfolio companies have varying levels of maturity in GHG footprint understanding and emission reduction efforts.
• Potential for increased costs from carbon taxes, regulations, and legal actions related to climate change.

Mitigation Strategies

• Investing in renewable energy, electrification of company cars, engaging suppliers, and implementing a conscious travel program.
• Setting science-based net-zero targets and engaging portfolio companies to do the same.
• Conducting comprehensive climate risk analyses to assess transition and physical risks, and developing mitigation strategies.

Supply Chain Management

Responsible Procurement

• Engaging suppliers to reduce emissions

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting operations in various regions (e.g., floods in South Africa, high temperatures in Brazil and India)

Transition Risks

• Carbon taxes
• Growing disclosure regulations and standards
• Regulation on packaging
• Increased scrutiny from investors and regulators

Opportunities

• Green transport (electrification of delivery fleets)
• Circular economy (reuse, refurbishment, recycling)
• Operational efficiency (reducing reliance on fossil fuels)
• Digitization and low-carbon business models

Reporting Standards

Frameworks Used: GHG Protocol, Science Based Targets initiative (SBTi)

Third-party Assurance: Limited assurance audit by PwC South Africa; Readiness review by EY

Environmental Metrics

ESG Focus Areas

• Environmental footprint of hardware infrastructure
• Data privacy, advertising standards and freedom of expression
• Data security
• Employee recruitment, inclusion and performance
• Intellectual property, protection and competitive behaviour
• Greenhouse gas emissions
• Labour practices

Environmental Achievements

• Set a target for 100% absolute reduction of scope 1 and 2 emissions by FY28 from a FY20 base year. Implemented three core actions for scope 2 reductions: (1) on-site solar panels; (2) green energy procurement; (3) renewable-energy certificates (RECs).

Social Achievements

• Maintained 82% participation rate in employee engagement survey with a 71% engagement score.
• Provided training and education to all employees on zero tolerance approach to harassment.

Governance Achievements

• Prosus board reviews and reaffirms data privacy governance policy annually.
• No material losses as a result of legal proceedings associated with anti-competitive behaviour in FY24.

Climate Goals & Targets

Environmental Challenges

• Water use in operations does not create a high impact; minimal reliance on physical assets and infrastructure.
• No direct control over water consumption in data centers used by portfolio companies.
• Diverse business models and jurisdictions lead to varying scales of law enforcement requests for user information.

Mitigation Strategies

• Engaging with leasing agencies to install on-site solar panels where possible.
• Procuring green energy where available on the grid.
• Procuring equivalent renewable-energy certificates (RECs) for remaining energy consumption.
• Engaging with data center vendors on responsible water management.
• Partnering with mature cloud service vendors with robust environmental management strategies.
• Monitoring and reporting on engagement of data centers and cloud services vendors regarding water management in FY25.

Supply Chain Management

Responsible Procurement

• Extending responsible procurement approach to cloud services by partnering with mature vendors who have robust environmental management strategies in place.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Certifications: BREEAM (Amsterdam office), ISO 27001 (certain operating companies and parts of corporate)