Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Climate Change

Environmental Achievements

• Launched the Guinness Sustainable Energy Fund, investing in companies engaged in sustainable energy generation and storage and the electrification of energy demand.
• Reduced carbon footprint through operational efficiencies and technological innovation (specific numbers not provided, but mentioned as below average compared to the sector).

Social Achievements

• Increased responsible investment activity and focus in 2020.
• Introduced a Responsible Investment Committee with Board oversight.
• Launched the Guinness Sustainable Global Equity Fund with exclusion and positive sustainable characteristics.

Governance Achievements

• Increased the number of votes submitted in 2020.
• Incorporated Responsible Investment factors into employee remuneration.
• Complies with remuneration requirements imposed by Regulation (EU) 2019/2088.

Climate Goals & Targets

Environmental Challenges

• Limited availability of reliable, consistent ESG data across different sectors, geographies, and asset classes.
• Managing climate-related risks and opportunities in portfolios.

Mitigation Strategies

• Developed an in-house ESG framework using GRI and WFE data, tailored to specific sectors and industries.
• Engaged with investee companies to improve ESG disclosure and address deficiencies.
• Implemented exclusion policies for companies involved in cluster munitions, anti-personnel mines, and thermal coal.
• Participated in Climate Action 100+ to engage with large greenhouse gas emitters.
• Developed a climate-related risk analysis process to assess the impact of investee companies on the environment and vice-versa.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN PRI, GRI, TCFD

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainable Energy

Environmental Achievements

• Companies in the portfolio helped deliver around 34,000 million kWh of energy savings, 22,000 million miles of electrified travel, 43,000MW of clean energy generation capacity and 243,000 GWh of renewable energy generation in 2022.
• Portfolio companies displaced 527 tonnes of CO2e per $1m of portfolio assets.

Social Achievements

• Engagement with portfolio companies to improve their ESG disclosures and targets.
• Improved responsible sourcing practices in the battery supply chain.

Governance Achievements

• Engagement with companies to improve board oversight of climate issues and link executive compensation to pro-climate metrics.

Climate Goals & Targets

Environmental Challenges

• Some portfolio companies have existing fossil fuel exposure.
• Incomplete Scope 3 emissions data from portfolio companies.
• Ethical concerns within the battery metal supply chain.

Mitigation Strategies

• Engagement with companies to transition their business models towards sustainable energy sources and phase out fossil fuels.
• Continued efforts to improve Scope 3 data collection and analysis.
• Engagement with battery manufacturers to improve responsible sourcing practices.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Engagement with battery manufacturers to improve responsible sourcing practices.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Growth in sustainable energy sector.

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7
• SDG 9
• SDG 11
• SDG 13

Portfolio companies contribute to these SDGs through their involvement in sustainable energy generation, infrastructure development, and transportation electrification.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Responsible Sourcing

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather patterns

Transition Risks

• Legislation, regulation, or carbon taxation

Opportunities

• Investing in companies contributing towards reduced global carbon emissions

Reporting Standards

Frameworks Used: UN PRI, SASB, TCFD, SFDR, SDR

Certifications: Null

Third-party Assurance: UN PRI

UN Sustainable Development Goals

• 7
• 9
• 11
• 13

Mapping divisional business activity to relevant SDG targets

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed