Climate Change Data

Green Investment Partners Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:346 tCO2e/€1m invested (annualised)
Scope 1 Emissions:7 tCO2e/€1m invested (annualised)
Scope 2 Emissions:3 tCO2e/€1m invested (annualised)
Scope 3 Emissions:337 tCO2e/€1m invested (annualised)
Total Energy Consumption:90,310 GWh/year (renewable)

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Social Governance

Environmental Achievements

  • A €1m investment in the portfolio avoided 848 tCO2e GHG emissions (annualised) and emitted 346 tCO2e across scope 1, 2 and 3 (annualised).
  • Portfolio's weighted average (scope 1 and 2) carbon intensity was 48% less than that of the S&P Global Clean Energy Index.
  • Portfolio companies generated over 90,000 GWh of renewable electricity.

Social Achievements

  • No evidence of violations of Principles 1–6 of the UN Global Compact across the portfolio.
  • Active engagement with companies through shareholder voting, attendance at management meetings, and outreach to senior management teams.

Governance Achievements

  • 33% of portfolio companies had set SBTi targets or commitments at 29-Dec-23, a significant increase from 26% in 2022 and 24% in 2021.
  • Active membership in UN PRI, NZAMi, and UKSIF.

Climate Goals & Targets

Medium-term Goals:
  • 100% of portfolio companies to be setting Science-Based Target Initiative (SBTi) targets or commitments by 2030.
Short-term Goals:
  • Continue to improve the methodology for GHG emissions reporting, particularly scope 3 and avoided emissions.

Environmental Challenges

  • Lack of reporting key information by companies, particularly smaller ones.
  • Inconsistencies in methodologies used by companies to calculate emissions values.
  • Limitations in scope 3 emissions data, with companies reporting only some of the GHG protocol’s 15 categories.
  • Lack of well-defined and comparable avoided emissions data.
Mitigation Strategies
  • Streamlining the impact report process using a proprietary impact tracking tool.
  • Continuing to monitor year-on-year progress of investee companies towards SBTi targets.
  • Improving the methodology for GHG emissions reporting, particularly scope 3 and avoided emissions.
  • Evaluating and improving historical data as more information becomes available.
  • Utilizing and leveraging third-party sources of biodiversity data.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, SBTi, TNFD, GHG Protocol

UN Sustainable Development Goals

  • SDG 7
  • SDG 9
  • SDG 11
  • SDG 12
  • SDG 13

Business activities of the portfolio primarily contribute towards affordable and clean energy, industry, innovation and infrastructure, sustainable cities and communities, responsible consumption and production, and climate action.