Climate Change Data

Unigestion

Climate Impact & Sustainability Data (2021, 2022)

Reporting Period: 2021

Environmental Metrics

Renewable Energy Share:39%

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 39% of energy used by our companies is from renewable sources
  • 100% of companies assessed on ESG in 2021 improved their ESG score
  • Treatment and recycling of waste results in significant CO2 emission reduction (at run rate will divert 300,000+ tons of waste from landfill disposal)
  • Introduction of alternative fuels for collection fleet (8% of fleet on biodiesel)
  • Electrification of entire fleet since 2011 and target to operate fully electrified by 2030

Social Achievements

  • Actively promotes gender diversity from board to junior level and equal pay
  • Workplace environment and safety policies in line with Australian standards, selectively extending them to overseas subsidiaries
  • Promoting gender diversity on firm and portfolio company level (min. 40% target)
  • High ethnic diversity across the entire workforce of the company.
  • Above industry average health & safety measures, health insurance for workforce in place
  • Promoting equal pay through transparent gender pay reporting
  • Ranked in the top 30 employers in the UK with the “Great Places to Work’ certification
  • Strong Health & Safety features for all employees

Governance Achievements

  • Inclusion of the OECD Guidelines for Multinational Enterprises on responsible business conduct
  • Staff is trained annually to adhere to ESG policy and recognize potential issues
  • The Audit and Risk Committee is responsible for managing ESG risks, ESG related KPIs are incorporated into reporting for all portfolio holdings
  • Independent board membership in portfolio companies, incl. independent Chairman
  • Additional committees (e.g. audit, remuneration) where applicable
  • Policies: anti-money laundering, anti-bribery, etc.
  • All relevant policies on code of conduct, ethics and anti-money laundering/corruption policies in place
  • Formation of an ESG committee to follow and verify all related activities/initiatives
  • External remuneration committee
  • External audit committee

Climate Goals & Targets

Long-term Goals:
  • Net zero greenhouse gas emissions by 2050 or sooner
Medium-term Goals:
  • 30% of its AUM in line with net zero by 2030

Environmental Challenges

  • Lack of standardized reporting on ESG for the full portfolio for some fund managers.
  • Some ECD investees exhibited a higher absenteeism rate due to the COVID-19 impact.
  • APAC companies scored lowest on ESG process.
Mitigation Strategies
  • Engagement with fund managers to monitor their progress on ESG factors and improve reporting.
  • Ongoing engagement with investee companies to improve KPIs.
  • Providing guidance and support to companies on ESG reporting and implementation.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • Energy transition
  • Green mobility
  • Green construction
  • Low-carbon industry
  • Forestry
  • Land management
  • Circular material

Reporting Standards

Frameworks Used: SASB, SFDR, TCFD, UN PRI

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Social
  • Governance

Environmental Achievements

  • 53% of fund managers improved their ESG score in 2022
  • 41% of our companies improved their ESG score in 2022
  • Launched Climate Impact Fund - first Article 9 Fund
  • Published Principle Adverse Impact (PAI) indicators

Social Achievements

  • 95% of reviewed fund managers monitor health & safety incidents
  • Improved ESG scores across multiple portfolio companies
  • Initiatives to increase percentage of women in senior positions

Governance Achievements

  • 86% of US fund managers assess board independence
  • Engagement with fund managers to improve board diversity
  • Implementation of engagement plans with clear objectives and timelines

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions across investments
Medium-term Goals:
  • Improve ESG scores across portfolio companies and fund managers
Short-term Goals:
  • Increase data availability for PAI indicators

Environmental Challenges

  • Geographical discrepancies in ESG emphasis (Europe leading, US lagging)
  • Low availability of PAI data from fund managers
  • Need for greater standardization of ESG data and reporting
Mitigation Strategies
  • Developed a proxy methodology to measure PAIs using public market comparables
  • Supporting the ESG Data Convergence Initiative (EDCI)
  • Annual data collection campaigns to improve data availability
  • Active engagement with fund managers and companies to improve ESG performance

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SFDR, UN PRI

Awards & Recognition

  • Best ESG Firm: Mid Cap at the Private Equity Wire ESG AAA Awards in 2022