Climate Change Data

Tribe Impact Capital LLP

Climate Impact & Sustainability Data (2020-05 to 2021-04)

Reporting Period: 2020-05 to 2021-04

Environmental Metrics

Total Carbon Emissions:83.3 tCO2e/£1m invested (Direct & SIMPS, Scope 1 & 2)
Scope 1 Emissions:65 tCO2e/£1m invested (Direct), 68 tCO2e/£1m invested (SIMPS)
Scope 2 Emissions:18 tCO2e/£1m invested (Direct), 15 tCO2e/£1m invested (SIMPS)
Scope 3 Emissions:444 tCO2e/£1m invested (Direct), 422 tCO2e/£1m invested (SIMPS)
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Increased in 2020-2021

ESG Focus Areas

  • Decarbonisation strategies
  • Biodiversity impacts
  • Sustainable buildings
  • Data security
  • Conflict minerals
  • Animal testing
  • Product safety governance
  • Business ethics
  • Tax practices
  • Supply chain labour management
  • Impacts on local communities
  • Diversity and inclusion

Environmental Achievements

  • Reduced absolute carbon emissions per £1m invested in direct client portfolios to 83.3 tonnes and SIMPS portfolios to 83.3 tonnes (Scope 1 and 2). This shows a downward trend compared to previous years, although carbon intensity increased.

Social Achievements

  • Maintained a strong gender balance within the company and client base.
  • Increased volunteering hours to 212 hours (12.47 hours per employee).

Governance Achievements

  • Maintained a 4.5x differential between lowest and highest compensated employees.
  • Improved fund manager responsiveness and quality of responses to ESG queries.
  • Divested from 3 equity funds due to concerns about underlying holdings and controversial practices.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Net Zero target across Scope 1, 2, and 3 emissions by 2025.

Environmental Challenges

  • Data paucity and quality challenges in impact reporting.
  • Increased warming potential of portfolios due to investments in infrastructure funds.
  • Challenges in achieving consistent impact reporting from fund managers.
Mitigation Strategies
  • Actively engaging with fund managers to improve impact performance and reporting.
  • Adopting the Science Based Target (SBT) methodology.
  • Using MSCI Inc estimated Scope 3 data for reporting and performance management.
  • Divesting from funds with unsatisfactory ESG performance.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Preference for working with fellow B Corps.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Investing in solutions-based companies.

Reporting Standards

Frameworks Used: UN SDGs, AMI Framework, Impact Management Project, SASB, PwC’s TIMM framework, Future Fit Business Benchmark

Certifications: B Corp

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • All 17 SDGs

Investments are assessed against the SDGs using the AMI framework.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed