Climate Change Data

Environmental Metrics

ESG Focus Areas

• Workforce/Labor/Employee Matters
• Social Responsibility
• Human Rights
• Environmental Responsibility
• Anti-Corruption
• EU Taxonomy

Environmental Achievements

• 40% reduction in travel-related transportation spending from 2015 to 2019
• 88% reduction in travel-related transportation spending in 2020 and 2021 (due to pandemic)
• 11% reduction in travel-related transportation spending comparing 2019 to 2023
• 71% of company car fleet in Cologne are hybrid or electric vehicles as of 31 December 2023
• Installation of 22 e-charging stations in Cologne
• 100% renewable energy supply for Cologne office since 2019
• Installation of a photovoltaic system on the roof of bicycle racks in Cologne

Social Achievements

• Improved gender diversity in management: 25.5% women on the first level and 38.5% on the second level as of 31 December 2023
• Launch of several Employee Resource Groups to promote Diversity, Equity and Inclusion (DEI)
• Appointment of a Global Diversity, Equity and Inclusion Officer in 2022
• Offering of an employee assistance program to Cologne-based employees
• Providing 25 childcare spaces in a crèche next to the Cologne office
• Offering flexible working hours, part-time employment and a mixture of remote and in-office work arrangements
• Offering a free-of-charge annual local public transport ticket to Cologne-based staff
• Offering a bicycle/pedelec leasing program through salary conversion

Governance Achievements

• Developed policies and procedures to prevent internal corruption
• Implementation of a whistleblowing policy
• Annual compliance training course for all employees
• Annual Conflict of Interest Questionnaire for all employees
• Strict anti-corruption clauses in external service provider agreements

Climate Goals & Targets

Environmental Challenges

• Data limitations in EU Taxonomy reporting due to non-EU companies and SMEs not being required to publish non-financial statements
• Limited data availability on Do No Significant Harm (DNSH) criterion for commercial business, especially for non-EU clients
• Data gaps in determining taxonomy-aligned premium due to limited data availability from clients

Mitigation Strategies

• Classifying investments and underwriting activities as not aligned in line with the regulation where data is unavailable
• Expecting data availability to improve over time
• Using available data to determine alignment ratios, even with data gaps

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact principles