Lansdowne Partners
Climate Impact & Sustainability Data (2021, 2022, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UNPRI, UNGC, GRI
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Board Diversity
- Climate Change
- Executive Compensation
- Shareholder Rights
Climate Goals & Targets
Environmental Challenges
- Lack of Board Diversity in some portfolio companies
- Gaps in climate reporting and lack of science-based target setting in some portfolio companies
- Insufficient response to significant dissent to Remuneration Policy in some portfolio companies
- Concerns regarding risk oversight and dual-class capital structure in some portfolio companies
Mitigation Strategies
- Engaged with company IR to discuss board composition and goals
- Voted against resolutions with apparent gaps in climate reporting
- Discussed remuneration policies with company executives
- Withheld votes for directors with concerns regarding risk oversight
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Social Achievements
- Board is now comprised 33% women, meeting the recommendation of the Hampton-Alexander Review and in line with the current expectations of the Balance for Better business targets in Ireland.
Climate Goals & Targets
Environmental Challenges
- Lack of diversity on the board
- Concerns regarding the Remuneration policy
Mitigation Strategies
- Discussion with the company is ongoing to ensure progress is maintained for Director re-election.
- Engaged 1:1 with the Remco chair last year to address concerns regarding the Remuneration policy, and came away reassured that it was aligned with long term shareholder interests.