Climate Change Data

Pantheon Holdings Limited, Pantheon Ventures, Inc., Pantheon Capital (Asia) Limited, Pantheon Ventures (UK) LLP, Pantheon Ventures (US) LP, Pantheon Ventures (Singapore) Pte Ltd, Pantheon Ventures (HK) LLP, Pantheon Ventures (Ireland) DAC and each of their respective subsidiaries and subsidiary undertakings

Climate Impact & Sustainability Data (2022, 2023, 2024)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:445,926 tCO2e
Scope 1 Emissions:439,519 tCO2e
Scope 2 Emissions:6,406 tCO2e

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Responsible Investment
  • Sustainable Development Goals

Environmental Achievements

  • Fudura reduced its CO2 footprint by 32% between 2014 and 2020.
  • Calpine's Geysers geothermal plant produces ~6 TWh/year, accounting for ~5% of California's renewable energy in 2022.
  • Calpine uses technologies to limit fresh water usage, including air-cooled equipment and recycled water.

Social Achievements

  • 40% of Primafrio’s executives are female.
  • National Broadband Ireland's partnership with the RISE Community Fund supports rural stakeholders and boosts the digital ecosystem.

Governance Achievements

  • Established an ESG & Sustainability Committee in July 2023.
  • Adopted a company ESG and Sustainability policy.
  • 89% of PINT's portfolio companies have a Health & Safety policy, and 67% have a Diversity & Inclusion policy.

Climate Goals & Targets

Long-term Goals:
  • Set meaningful targets for ESG performance once sufficient data is available.
Medium-term Goals:
  • Improve data collection resulting in better disclosures and improved ESG performance of investments.
Short-term Goals:
  • Increase the capture of ESG data, including actual Scope 1, 2, and 3 emissions.

Environmental Challenges

  • Limited control over investee companies' ESG performance.
  • Reliance on Sponsors for data collection and ESG objective delivery.
  • Increasing the capture of actual Scope 1, 2, and 3 emissions data.
Mitigation Strategies
  • Working with Sponsors to improve ESG performance and data collection.
  • Developing standard ESG reporting templates.
  • Engaging with suppliers to collect more information on their ESG policies.

Supply Chain Management

Supplier Audits: Annual checks on third-party providers

Responsible Procurement
  • Respect and implement non-discriminatory and diversity hiring practices.
  • Implement health and safety policies.
  • Uphold the protection of internationally proclaimed human rights.

Climate-Related Risks & Opportunities

Physical Risks
  • Cyclones, storms, extreme heat, and floods
Transition Risks
  • Policy, regulatory, market, and technology changes
Opportunities
  • Energy efficiency improvements
  • Renewable energy integration

Reporting Standards

Frameworks Used: SFDR, TCFD

Certifications: ISO 50001 (NBI)

UN Sustainable Development Goals

  • SDG 7
  • SDG 9
  • SDG 10
  • SDG 11
  • SDG 13

Investments map to SDGs through Pantheon's ESG Scorecard and Sponsor mappings.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:282,110 tCO2e/year
Scope 1 Emissions:214,477 tCO2e/year
Scope 2 Emissions:6,109 tCO2e/year
Scope 3 Emissions:61,523 tCO2e/year
Carbon Intensity:1,050 tCO2e/£m invested

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance
  • Biodiversity

Environmental Achievements

  • Increased Scope 1 and 2 emissions data collection for all assets.
  • Included Scope 3 emissions in the 2023 report.
  • Improved alignment with PCAF methodology for GHG reporting.
  • CyrusOne achieved an EcoVadis ‘Gold Level’ sustainability rating.
  • CyrusOne performed energy-efficiency upgrades saving approximately 6,600 MWh annually.
  • CyrusOne procures 100% renewable electricity for its European facilities.
  • Fudura reduced its CO2 footprint by 5% in 2022 compared to 2021.
  • NBI sources 100% renewable energy.

Social Achievements

  • Collected information on sustainability-focused policies of service providers.
  • 100% of PINT's assets have a Health & Safety and Diversity & Inclusion policy.
  • Zenobe saved 110,663 tonnes CO2e emissions.

Governance Achievements

  • Established a dedicated Sustainability Committee.
  • Enhanced TCFD climate risk disclosures.
  • Reviewed and updated Board Diversity Policy.
  • Reviewed Investment Manager’s sustainability strategy.

Climate Goals & Targets

Long-term Goals:
  • Enhance assessment of Sponsors’ approaches to integrating biodiversity risks and impacts.
Medium-term Goals:
  • Continue to engage Sponsors and evaluate progress through the Annual Sustainability Survey.
Short-term Goals:
  • Improve sustainability performance data through enhanced engagement with Sponsors.

Environmental Challenges

  • Improving sustainability performance data collection and disclosures from underlying assets.
  • Enhancing assessment of Sponsors’ approaches to integrating biodiversity risks and impacts.
Mitigation Strategies
  • Enhanced engagement with Sponsors to improve data quality and availability.
  • Continuing to engage Sponsors, share best practice and evaluate progress through an Annual Sustainability Survey.
  • Including additional questions in the 2024 Sustainability Survey on biodiversity.

Supply Chain Management

Supplier Audits: Annual review of top 10 suppliers by cost (87% of FY23 management costs).

Responsible Procurement
  • Sustainability Policy (99% of top 10 suppliers)
  • Annual Sustainability Report (96% of top 10 suppliers)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
  • Technological changes
Opportunities
  • Investments in renewables and energy efficiency

Reporting Standards

Frameworks Used: TCFD, PCAF, SFDR (Article 8)

Awards & Recognition

  • IJGlobal ESG Award for Europe 2023 (Zenobe)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Climate Goals & Targets

Environmental Challenges

  • Climate change related risks (physical and transition risks)
  • Sustainability risks in portfolio companies
Mitigation Strategies
  • Integration of sustainability factors into investment processes
  • Engagement with fund managers on climate risk
  • Development of tools to monitor climate change risks
  • Use of RepRisk to monitor sustainability risk incidents
  • ESG screening and assessment prior to investment decisions
  • Monitoring of existing investments to ensure environmental characteristics are met

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Adverse weather events
Transition Risks
  • Changing regulation
  • Evolving consumer preferences

Reporting Standards

Frameworks Used: SASB, TCFD, PRI