Climate Change Data

VH Global Sustainable Energy Opportunities plc

Climate Impact & Sustainability Data (2024-01 to 2024-06)

Reporting Period: 2024-01 to 2024-06

Environmental Metrics

Total Carbon Emissions:25,242 tCO2e (Scope 1 & 2 and 3)
Scope 1 Emissions:8,831 tCO2e
Scope 2 Emissions:1,345 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:512,233 MWh
Water Consumption:14,706 kilolitres
Waste Generated:7 tonnes
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Energy Transition
  • Sustainable Development Goals (SDGs)

Environmental Achievements

  • Generated 512,233 MWh of renewable energy, equivalent to powering over 130,000 average UK homes annually.
  • Avoided 80,734 tonnes of greenhouse gas emissions.
  • Displaced 10,862 tonnes of sulfur oxides.

Social Achievements

  • Celebrated the 50th anniversary of the Mascarenhas Hydroelectric Plant with community engagement activities.
  • Improved health and safety practices in Brazilian solar PV sites through training and updated procedures.
  • Improved transportation protocols in Brazilian solar PV sites to reduce risks.

Governance Achievements

  • Discloses as an Article 9 Fund under SFDR.
  • Reports voluntarily under TCFD recommendations.
  • Reviewing implications of ESMA guidelines on ESG terms in fund names.
  • Pursuing a label under the FCA Sustainable Disclosure Regulation (SDR).

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Full operation of portfolio by end of 2025.
Short-term Goals:
  • Complete construction of existing assets.

Environmental Challenges

  • Share price discount to NAV.
  • Unrealised foreign exchange losses.
  • Staff turnover in US and Brazil.
  • Below-expected performance of contractors in Brazilian solar PV construction.
  • Weather-related disruptions affecting US terminal storage assets.
Mitigation Strategies
  • £23 million share buyback programme.
  • Implementing operational optimisations and preventive maintenance in US terminal storage assets.
  • Replacing underperforming contractors in Brazilian solar PV construction.
  • Working with operating partners to improve labour retention and diversity.
  • Actively managing discount through investor relations and marketing initiatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Weather-related events (e.g., disrupting rail system in Mexico).
Transition Risks
  • Changes in power prices, inflation, interest rates.
Opportunities
  • Increased demand for power from data centers and AI technology.

Reporting Standards

Frameworks Used: SFDR, TCFD, UN Global Compact, SDR

Certifications: ISO 45001 (Motus Energy LLC), ISO 14001 (Motus Energy LLC)

Third-party Assurance: BDO LLP (limited assurance on end-of-year data)

UN Sustainable Development Goals

  • Not disclosed

Investments focus on promoting and hastening the energy transition by investing in sustainable energy infrastructure that benefits communities globally and aligns with the UN Sustainable Development Goals (SDGs).

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • ILTA 2024 Safety Award (Motus Energy LLC)