Climate Change Data

MGM Innova Cap Management LLC and its wholly owned subsidiaries, which include MGM Innova Capital LLC, MGM Innova Capital II LLC, and MGM Innova Cap Management Luxembourg S.à.r.l.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:151,191 tCO2e (avoided/reduced in 2023)
Total Energy Consumption:251,103 MWh (renewable electricity generated in 2023)

ESG Focus Areas

  • Energy Efficiency
  • Renewable Energy
  • Climate Change Mitigation
  • Sustainable Development Goals
  • Job Creation
  • SME Support

Environmental Achievements

  • 251,103 MWh of renewable electricity generated in 2023
  • 110,878 MWh of electricity saved in 2023
  • 151,191 tCO2e of GHG emissions avoided/reduced in 2023
  • 183.4 MW of installed capacity in 2023

Social Achievements

  • 6,549 jobs created in 2023 (51% women)
  • 1,325 SMEs benefited from revenues in 2023
  • Successful turnaround of Tiendas Ísimo, creating 2,400 direct and 11,000 indirect jobs
  • Detronic's "Luz do Bem" program supporting social projects

Governance Achievements

  • 100% of governance body members and employees received anti-money laundering, anti-terrorism, and anti-corruption training
  • Implementation of an Environmental and Social Management System (ESMS)

Climate Goals & Targets

Long-term Goals:
  • Tiendas Ísimo projects USD 3Bn in sales by 2031
Medium-term Goals:
  • Tiendas Ísimo projects USD 1Bn in sales by 2026
Short-term Goals:
  • Tiendas Ísimo projects USD 236M in sales in 2024

Environmental Challenges

  • Geopolitical uncertainty
  • High interest rates
  • Tight financing conditions
  • Sluggish growth
Mitigation Strategies
  • Focus on measurable environmental and social benefits of investments
  • Creative solutions like the Tiendas Ísimo turnaround

Supply Chain Management

Responsible Procurement
  • Support for SME suppliers (Tiendas Ísimo)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Equator Principles, IFC Performance Standards

Certifications: IASE Level II ESG Specialist certification

UN Sustainable Development Goals

  • SDG 5
  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 17

Investments contribute to these SDGs through energy efficiency, renewable energy, job creation, and community development.

Awards & Recognition

  • "Empresa Amiga da Família" Seal (Detronic)