Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity Loss
• Natural Resource Depletion

Environmental Achievements

• 88 kt CO2e emissions avoided (equivalent to 31 million liters of petrol)
• 182 t CO2e emissions avoided (equivalent to the annual waste of 187 households)
• 511,315 m3 water saved (equivalent to 1 million hours in the shower)
• 122 GWh energy saved (equivalent to the annual energy use of 69 million households)
• 48 GWh renewable energy produced

Social Achievements

• Not disclosed

Governance Achievements

• SHIFT III is categorized as an Article 9 Fund under the SFDR. The fund has an impact policy and investee Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• Fossil fuels are the main driver of GHG emissions.
• Finite resources of oil, coal, and gas.
• Trade-offs of the net-zero energy system (critical metals, land, and water use).
• Energy industry actions affect nearly 20% of near-threatened species.
• Agriculture accounts for approximately 1/3 of global GHG emissions.
• Agriculture relies heavily on resources like 70% of freshwater.
• 1/3 of produced calories are wasted.
• Deforestation, pesticides, and fertilizers harm ecosystems.
• Impacts on ecosystems from resource extraction, ecotoxic chemicals, and industrial pollution.
• Global demand for materials is expected to double by 2060.
• GHG emissions from transport account for 15% of global emissions.
• Transport infrastructure has a high material footprint and long lifetime.
• Electrification could be hindered by scarcity of critical materials.
• Transport infrastructure causes habitat destruction and fragmentation.
• Vehicle emissions and pollution disrupt species and ecosystems.

Mitigation Strategies

• Investing in innovative companies that push the needle on a net-zero energy system.
• Supporting plant-based innovation, precision agriculture, and waste prevention and valorization in the food sector.
• Facilitating the transition to industries powered by renewable energy, more efficient, less polluting, and more bio-based.
• Enabling modal shift and reducing carbon and energy intensity of fuels and transport modes.
• Developing an ESG action plan to improve ESG performance in the portfolio.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Climate change effects decreasing supply chain resilience

Transition Risks

• Competition with other uses of biobased feedstocks
• Execution challenges in reforming manufacturing systems
• Rebound effect from resource efficiency

Opportunities

• Leveraging increased transparency and appetite in the market for ESG solutions

Reporting Standards

Frameworks Used: SFDR

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed