Climate Change Data

Abac Capital

Climate Impact & Sustainability Data (2020, 2021, 2022, 2023-07)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:8.7k tCO2 (including 1H20 acquisitions)
Renewable Energy Share:30% (2020), projected 70% (2021)

ESG Focus Areas

  • Climate Change
  • Resource Efficiency
  • Waste Management
  • Environmental Compliance
  • Good Employment
  • Gender & Minorities Equality
  • Citizenship Initiatives
  • Governance

Environmental Achievements

  • 86% of portfolio companies contracted renewable energy, resulting in 30% annual energy consumption from renewable sources.
  • Reduced Scope 2 CO2 emissions by an average of 30%.

Social Achievements

  • Launched employee well-being programs in several portfolio companies.
  • Agroponiente reduced accidents by 51% compared to 2019.
  • Initiatives to improve employee wellbeing and professional development at Pronokal and Motocard.

Governance Achievements

  • 86% of portfolio companies defined and integrated a corporate purpose into their strategy.
  • 86% of portfolio companies completed a Corporate Offenses Risk Prevention Programme.
  • 100% of portfolio companies have a Code of Conduct.

Climate Goals & Targets

Long-term Goals:
  • Transition to a net-zero economy.
Medium-term Goals:
  • Achieve 70% renewable energy consumption in 2021.
Short-term Goals:
  • Bring Scope 2 emissions close to zero in 2021.

Environmental Challenges

  • COVID-19 pandemic impacted operations and community engagement.
  • Need to further reduce Scope 1 and 2 emissions.
Mitigation Strategies
  • Developed a climate-change risk assessment framework.
  • Implemented various initiatives to support employees and communities during the pandemic.
  • Continued efforts to transition to renewable energy and improve resource efficiency.

Supply Chain Management

Supplier Audits: 88 visits conducted to suppliers’ facilities (Metalcaucho)

Responsible Procurement
  • Screening suppliers’ compliance with environmental and social standards.
  • Supplier codes of conduct.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Innovation in energy efficiency and sustainable products.

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: B Corp

UN Sustainable Development Goals

  • Goal 5 (Gender Equality)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 13 (Climate Action)
  • Goal 17 (Partnerships for the Goals)

Initiatives across the portfolio contribute to these SDGs through various programs and policies.

Sustainable Products & Innovation

  • New Fresh technology (Agroponiente)

Reporting Period: 2021

Environmental Metrics

Renewable Energy Share:86%

ESG Focus Areas

  • Climate
  • Good Employment
  • Diversity
  • Governance

Environmental Achievements

  • 44% YoY reduction in Scope 1 & 2 emissions (61% vs. 2019)
  • 86% energy consumption from certified renewable sources

Social Achievements

  • Launched coaching and environmental support for employees at PronoKal
  • Agroponiente achieved a 59% reduction of accidents and 47% reduction in days of medical leave

Governance Achievements

  • 100% of portfolio companies completed the B Impact Assessment
  • 100% of portfolio companies are Signatories of the UN Global Compact Initiative

Climate Goals & Targets

Environmental Challenges

  • Supply chain disruptions
  • Inflationary pressures
Mitigation Strategies
  • Working closely with portfolio companies to navigate challenges

Supply Chain Management

Supplier Audits: 59% suppliers adhered to Company’s Human-Rights, and anticorruption standards

Responsible Procurement
  • Code of conduct
  • Supplier sustainability requirements

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, UN Global Compact, UN PRI, TCFD

Certifications: B Corp

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Climate
  • Good employment
  • Diversity
  • Governance

Governance Achievements

  • Implements a best-in-class Governance and Compliance Programme during the investment period.
  • Appoints a Compliance Officer at Abac and all portfolio companies; appoints a Compliance Director at Abac; and appoints Sustainability Champions at Abac and all portfolio companies monitoring and executing ESG strategy.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN Global Compact

Certifications: B Corp

Reporting Period: 2023-07

Environmental Metrics

ESG Focus Areas

  • Climate
  • Good employment
  • Diversity
  • Governance

Governance Achievements

  • Implementation of a best-in-class Governance and Compliance Programme across portfolio companies.
  • Appointment of a Sustainability Champion and a cross-functional Sustainability Committee in each portfolio company within 100 days of investment.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN PRI, EU SFDR, TCFD, GRI, SASB, UN Global Compact, B Impact Assessment

Certifications: B Corp