Climate Change Data

Roc Partners Pty Limited

Climate Impact & Sustainability Data (2023 or 2022-07 to 2023-06)

Reporting Period: 2023 or 2022-07 to 2023-06

Environmental Metrics

Renewable Energy Share:64% (direct portfolio companies supplementing electricity usage) and 45% (direct portfolio companies generating renewable energy)

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Modern Slavery
  • Governance
  • Social Impact

Environmental Achievements

  • 45% of direct investment portfolio completed baseline carbon assessments; 18% engaged in or undertaking assessments.
  • Achieved carbon neutrality for FY22 and aiming for FY23 certification.
  • Offset 1,123t CO2e in FY23.
  • 555 Super Foods decreased emissions intensity by 50% in FY21 compared to FY19.
  • Lachlan River Almonds showed net negative emissions.
  • Flavorite completed a GHG emissions review and commenced an energy audit.
  • Australia’s Oyster Coast implemented erosion prevention with coir logs.

Social Achievements

  • Developed a four-step modern slavery program piloted with direct portfolio companies.
  • Converge provided EAP counselling to 82,000 individuals, estimating a reduction of 2.1 million unproductive workdays per year.
  • Converge developed a Reconciliation Action Plan endorsed by Reconciliation Australia.
  • PMG will begin implementing an ESG Action Plan in FY24, including emissions baseline assessment.
  • Viridios filled two ESG-focused roles: Head of ESG and Global Head of Human Resources.
  • APT Co transitioned to 100% recyclable materials for Bow Wow brand cartons, labels, and shrink film.

Governance Achievements

  • Appointed a Responsible Investment Associate and formed a Roc Partners advisory board.
  • ESG due diligence included for 100% of direct portfolio companies acquired in FY23.
  • 100% of direct portfolio companies engaged in annual ESG reporting.
  • Prioritised aligning financed emissions measurement with the PCAF Standard.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions goals for portfolio companies (where feasible).
Medium-term Goals:
  • Reduce business operations emissions by 50% by 2030 (Viridios).
Short-term Goals:
  • Increase the robustness of ESG reporting process.

Environmental Challenges

  • Inconsistent and undeveloped ESG reporting capabilities in private markets.
  • Developing sufficient reporting capabilities to ensure data is fulsome and representative of actual performance.
  • Measuring financed emissions across all investment strategies.
Mitigation Strategies
  • Partnering with GPs and portfolio companies to develop robust reporting systems.
  • Using Pathzero Navigator tool to estimate emissions where actual data is unavailable.
  • Piloting financed emissions measurement in a multi-strategy investment fund.
  • Engaging with third-party service providers for climate risk assessments and guidance.

Supply Chain Management

Responsible Procurement
  • Emphasis on recyclable and renewable materials in packaging (Flavorite).

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
Opportunities
  • Investing in businesses contributing to a decarbonised economy.

Reporting Standards

Frameworks Used: ESG Data Convergence Initiative (EDCI), Partnership for Carbon Accounting Financials (PCAF) Standard, Greenhouse Gas (GHG) Protocol Corporate Accounting and Reporting Standard, UN Principles for Responsible Investment (PRI)

Certifications: Climate Active (carbon neutral)

UN Sustainable Development Goals

  • SDG 3 (Good Health and Well-being)
  • SDG 4 (Quality Education)
  • SDG 7 (Affordable and Clean Energy)
  • SDG 13 (Climate Action)

Investments in healthcare, education, renewable energy, and carbon offset projects.

Sustainable Products & Innovation

  • Asparagopsis seaweed for methane reduction (SAX).