Climate Change Data

3i Infrastructure plc

Climate Impact & Sustainability Data (2023, 2024)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:<40 MWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Governance
  • Responsible Investing

Environmental Achievements

  • Supported portfolio companies in measuring Scope 1 and 2 GHG emissions; 92% of the portfolio report on Scope 1 and 2 GHG emissions.
  • 979MW of renewable energy installed capacity across portfolio companies.
  • Portfolio companies are working on decarbonization plans and exploring science-based targets (SBTs).

Social Achievements

  • Zero lost time incidents at ESVAGT in 2022.
  • 12% of working hours on Valorem’s solar PV sites reserved for the long-term unemployed in 2022.
  • TCR's workforce comprises over 56 nationalities and speaks over 48 languages.

Governance Achievements

  • Created a dedicated ESG team to improve the rigor of ESG assessment in investment process and engagement with portfolio companies.
  • Improved the quality of sustainability and GHG emissions data collected from the portfolio.
  • Implemented a new software tool for gathering, organizing, and analyzing ESG data.

Climate Goals & Targets

Long-term Goals:
  • ESVAGT aims to become operationally carbon neutral by 2035 and to have zero carbon emissions by 2050.
Medium-term Goals:
  • Portfolio companies to set SBTs over time.
Short-term Goals:
  • Encourage portfolio companies to obtain third-party assurance for their carbon footprint and to measure Scope 3 GHG emissions.

Environmental Challenges

  • Consistent and accurate data collection across portfolio companies.
  • Developing and implementing robust decarbonization plans and SBTs across the portfolio.
  • Assessing and managing climate-related risks and opportunities across the portfolio.
Mitigation Strategies
  • Developed a new software tool for improved data collection and analysis.
  • Engaged specialist consultancies to support portfolio companies in GHG emissions measurement, decarbonization planning, and climate scenario analysis.
  • Implemented training sessions for the Investment Manager’s team and a subset of portfolio companies on the SBTi framework.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Risk of stranded assets due to the energy transition
Opportunities
  • Investment in the energy transition

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Health & Safety
  • Gender Equity
  • Governance
  • Decarbonization

Environmental Achievements

  • Increased renewable energy generating capacity in portfolio companies.
  • Two portfolio companies (Joulz and Ionisos) set near-term science-based reduction targets for a 42% reduction in Scope 1 and 2 GHG emissions by 2030.
  • Future Biogas partnership with AstraZeneca to reduce emissions by an estimated 20,000 tonnes of CO2e annually.
  • Infinis operational solar capacity increased by 102MW.
  • Valorem's gross installed capacity grew from 157MW to 602MW with a further 311MW under construction.

Social Achievements

  • 100% of portfolio companies had a Health and Safety policy, Whistleblowing policy, and Anti-bribery and Corruption policy.
  • 92% of portfolio companies had a resource with specific responsibility for ESG.
  • 83% of portfolio companies provided incentives to executives for meeting targets related to ESG matters.
  • TCR grew its electric fleet by 22%.

Governance Achievements

  • Improved ESG maturity across portfolio companies.
  • Strengthened corporate governance and reporting practices of portfolio companies.
  • Introduction of ESG KPIs into variable remuneration and long-term incentive plans for portfolio company senior management executives.

Climate Goals & Targets

Environmental Challenges

  • Managing climate-related risks and embracing opportunities for decarbonization across a portfolio operating in structurally gender-imbalanced sectors.
  • Ensuring robust data collection and reporting on ESG performance across diverse portfolio companies.
Mitigation Strategies
  • Bespoke support to portfolio companies to undertake decarbonisation aligned with the Paris Agreement, including setting science-based targets.
  • Development of portfolio management systems and processes, including an updated annual portfolio ESG questionnaire and new data collection software.
  • Proactive engagement with portfolio companies through webinars and a Sustainability Forum to share best practices and support implementation of initiatives.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD