Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Diversity & Inclusion

Environmental Achievements

• Achieved carbon-neutral status for Scope 1 & 2 emissions by offsetting 100% of 28 tonnes of CO2e emissions.
• Clearly Drinks reduced plastic usage by 211 tonnes.

Social Achievements

• Launched Kudos platform for employee appreciation.
• Clearly Drinks became a Disability Confident employer and provided autism awareness training.
• Donated over £15,000 to food banks and delivered over 2,000 meals to NHS staff and underprivileged communities.
• 100% of colleagues would speak highly of NorthEdge (third year in a row).

Governance Achievements

• Received AA+ rating from UNPRI.
• Became a signatory to the TCFD.
• Became a launch signatory and UK OpCo member of Initiative Climat International (iCI) UK.

Climate Goals & Targets

Environmental Challenges

• Reducing overall carbon footprint beyond offsetting.
• Managing climate-related financial risks across the global economy and markets.

Mitigation Strategies

• Investing in a central reporting and data platform for ESG and Sustainability metric gathering.
• Refreshing Investment Committee papers to prioritize supply chain sustainability, climate change, diversity and SDG impacts.
• Actively engaging with portfolio companies to reduce their greenhouse gas emissions.

Supply Chain Management

Responsible Procurement

• Belfield Furnishings uses sustainable wood sourcing aligned with FSC principles and recycled materials.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (implied)

Transition Risks

• Regulatory changes (implied)

Opportunities

• Development of energy-efficient products (implied)

Reporting Standards

Frameworks Used: UNPRI, TCFD, UN Global Compact, UN SDGs

Certifications: ISO 14001 (Clearly Drinks)

UN Sustainable Development Goals

• Climate Action
• Good Health and Well-being
• Gender Equality
• Economic Growth

Offsetting emissions supports climate action. Biogas program improves health and provides income, supporting economic growth and gender equality.

Sustainable Products & Innovation

• Clearly Drinks' sugar-free products.
• Belfield Furnishings' products made from recycled materials.

Awards & Recognition

• Shortlisted for 2020 IoD D&I award
• Nicola McQuaid named as one of the Real Deals Future 40 D&I Leaders

Environmental Metrics

ESG Focus Areas

• Social
• Governance

Environmental Achievements

• Reduced overall Scope 1, 2 and Operational Scope 3 carbon footprint by 9% against 2022 baseline.
• Reduced carbon intensity (tCO2e per FTE) by 6% YoY.
• Transitioned funding focus from carbon offsetting to nature-based solutions and ocean plastic clean-up.

Social Achievements

• Generated £844m of GVA in the UK economy.
• Supported c. 11,500 jobs (FTEs).
• Portfolio companies paid 13% higher wages than the UK average.
• Portfolio companies had a 9% gender pay gap vs. 14.3% UK average.
• Raised and donated c.£500,000 for charities.

Governance Achievements

• Achieved 5*/5*/4* ratings from PRI.
• Achieved 4th place overall in the Orbis Advisory PE ESG Transparency Index.
• Published first Principal Adverse Impact Report.
• Developed partnership with ESG DD Operating Partner for third-party ESG due diligence on new investments.

Climate Goals & Targets

Environmental Challenges

• Portfolio companies' varying levels of ESG maturity.
• Need to increase portfolio alignment with net zero targets.
• Addressing racial diversity within the firm.

Mitigation Strategies

• Portfolio maturity assessments.
• Encouraging 100% portfolio alignment with net zero plans by end of 2024.
• Partnering with Inner Ambitions for racial diversity training in 2024.

Supply Chain Management

Responsible Procurement

• Updating procurement and expense policies to include environmental criteria.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD, SFDR

Third-party Assurance: Positive Planet

Awards & Recognition

• Orbis Advisory PE ESG Transparency Index (4th place overall)
• Real Deals Private Equity Award for ‘ESG – GP’ category
• Yorkshire Rainmakers Individual Changemaker winner
• Honordex PE & VC DEI Awards winner: Most Improved Fund & 6th place overall
• Real Deals ESG Awards winner: Lower-mid-cap House of the Year
• BVCA Excellence in ESG Special Recognition: GP (below £1bn AUM)