Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Developed the Global GHG Accounting and Reporting Standard for Insurance-Associated Emissions

Climate Goals & Targets

Environmental Challenges

• Limited data is often the main challenge in calculating insurance-associated emissions

Mitigation Strategies

• The Standard provides guidance on data quality scoring per segment, facilitating data transparency and encouraging improvements to data quality in the medium and long term.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol, TCFD, CDP, SBTi, GRI, SASB, ISSB

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Water
• Fairer Society
• Financial Inclusion

Environmental Achievements

• Reduced scope 1 and 2 GHG emissions by 14% for all investment funds.
• Increased investee companies with SBTi-approved or committed targets to 45%.
• 82% of investee companies in high-risk sectors taking water-related risks and impacts seriously.
• Launched Biodiversity Strategy

Social Achievements

• Financial Inclusion Fund invested in the Philippines and the Dominican Republic for the first time, targeting female entrepreneurs, rural communities and people living in poverty.
• 72% of people reached by the financial institutions in our portfolio were low-income women.
• Developed a water and sanitation impact strategy for institutional investors.
• Supported 67% of shareholder resolutions, majority related to human rights and labour rights, climate and energy.

Governance Achievements

• PRI awarded Cardano with the maximum of 5 stars in all 15 categories that relate to our business.
• Voted at 2,463 meetings, including voting against 12% of management resolutions.

Climate Goals & Targets

Environmental Challenges

• Lack of data availability and data quality on water usage and biodiversity.
• Increased scope 3 emissions due to improved data reporting.
• Challenges in measuring progress on biodiversity ambition due to the diversity of impacts.
• Limited data on circular economy for waste management.

Mitigation Strategies

• Developing water-neutrality indicator and pathway towards long-term target.
• Monitoring water use of investment funds using available data and indicators.
• Developing new indicators to better understand companies' performance on biodiversity.
• Focusing on how investee companies set targets, formulate strategies, comply with certification schemes and invest to reduce their pressure on each driver of biodiversity loss.
• Developing a strategy on circularity in the coming period.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Engaging with companies to address the failure to pay living wages and income in their global supply chains.

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes, droughts, wildfires, coastal flooding, heat stress, cold stress

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Investments in green technology

Reporting Standards

Frameworks Used: PRI, TCFD, TNFD, CSRD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 6 (Clean Water and Sanitation)
• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 13 (Climate Action)

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Environmental Finance IMPACT Award (Naturetech initiative of the year)