Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Natural Capital
• Human Rights
• Corporate Governance

Environmental Achievements

• 50% of AUM (€53.4bn) invested in Article 8 financial products (promoting environmental and/or social characteristics) as of 31 December 2023.
• Achieved green stars in all participating property funds in GRESB, ranking first in Europe in management.
• 25% reduction in weighted average carbon intensity (tCO2e/USDm of revenue - Scope 1 and 2) by 2025 (compared to 2019 baseline) target under NZAM initiative.
• 50% reduction in weighted average carbon intensity (tCO2e/USDm of revenue - Scope 1 and 2) by 2030 (compared to 2019 baseline) target under NZAM initiative.

Social Achievements

• Launched a Global Thematic Fund focused on Environmental Solutions.
• Launched a High Yield Bond Fund utilizing ILIM's proprietary ESG integration methodology.
• Continued to develop and deliver innovative investment solutions that meet clients' needs.
• Strengthened stewardship efforts by adding resources and creating three new senior roles (Chief Sustainability Officer, Head of Stewardship, Head of Sustainable Integration and Solutions).

Governance Achievements

• Continued membership in UNPRI (since 2010) and NZAM (since 2022).
• Joined ICGN in 2023.
• Acted as a founding investor of the 30% Club Ireland Investor Group in 2023.
• Voted on over 55,000 meetings in 2023.

Climate Goals & Targets

Environmental Challenges

• Increasing levels of regulation and client demand in sustainability.
• Evolving regulatory landscape, client expectations, ESG data availability, and industry methodologies.
• Managing conflicts of interest between client and ILIM commercial interests.
• Addressing systemic risks such as climate change, natural capital degradation, and social inequality.

Mitigation Strategies

• Developed a robust governance framework based on the 'three lines of defence' model.
• Established a dedicated Responsible Investment Team and embedded ESG champions across investment teams.
• Implemented policies to manage conflicts of interest and ensure fair treatment of clients.
• Proactively engaged with policymakers and industry bodies to advocate for responsible investment practices and address systemic risks.
• Developed a proprietary ESG integration model and screening/exclusion approach for investments.
• Implemented a Sustainability Risk Policy and published a Principal Adverse Impact Statement (PAI Statement) in compliance with SFDR.

Supply Chain Management

Responsible Procurement

• Supplier Risk Management system, Risk & Control Assessments (RCA)/due diligence throughout the lifecycle of supplier contracts.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: UNPRI, TCFD, NZAM, SFDR, GRESB, CDP, PAII

Sustainable Products & Innovation

• Global Thematic Fund focused on Environmental Solutions, High Yield Bond Fund utilizing ILIM's proprietary ESG integration methodology