Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Committed to Net-Zero emissions by 2050, with interim goals of reducing carbon emission intensity by 33% by 2025 and 50% by 2030. 68% of AUM managed under this commitment.
• Integration of sustainability indicators into the investment process has a measurable positive impact on sustainability factors included in the portfolios.

Social Achievements

• Applies a multi-step governance process applying seven binary metrics reflecting SFDR requirements and covering employee relations, sound management structures, tax compliance, and staff remuneration.
• Active engagement with companies to promote improved market practices through memberships in collaborative platforms such as IIGCC, UN PRI, and CDP.

Governance Achievements

• Clear expectations set for Investment Managers, supported by guidance and tools to enhance sustainability factors.
• Responsible Investment Committee (RIC) meets at least quarterly to cover all ESG aspects from a compliance, commercial, and operational standpoint.
• ESG Advisory Committee advises and informs members of each SICAV’s Board of Directors on ESG issues.

Climate Goals & Targets

Environmental Challenges

• Data limitations or exclusions in assessing PAI (Principal Adverse Impacts)
• Ensuring data accuracy and completeness from various sources.

Mitigation Strategies

• Multi-provider approach to data sourcing to reduce margin of error.
• Robust data management processes to automate data feed and quality control.
• Engagement process with data vendors to address outliers or errors.
• Regular reassessment of data sources to ensure data needs are appropriately covered.

Supply Chain Management

Responsible Procurement

• Exclusion of companies involved in harmful activities

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SFDR, UN Global Compact, OECD Guidelines for Multinational Enterprises, ILO Conventions