Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Luminae contributed to a reduction of ~13.70 M kWh in energy consumption, equivalent to over 2,000 passenger vehicles driven for a year.
• ENC Energy contributed to a reduction of methane emissions of nearly 5 K metric tons, equivalent to over 26,000 passenger vehicles driven for a year.
• Tecverde reduced CO2 emissions by 80% compared to standard processes.

Social Achievements

• Unicoba provided batteries for medical equipment manufacturers assembling ventilators, monitors, and other critical medical devices during the COVID-19 pandemic.
• Luminae donated over 100K face masks and partnered with a local sewer association to produce reusable masks during the COVID-19 pandemic.
• Tecverde built 100 hospital beds in 40 days in partnership with Brasil ao Cubo during the COVID-19 pandemic.

Governance Achievements

• Implemented ESG best practices across the portfolio.
• Implemented ESGEF methodology to assess ESG factors and drive shared value.
• Established ESG Committees in portfolio companies for monthly reporting and strategy discussions.

Climate Goals & Targets

Environmental Challenges

• Cash flow management (Luminae)
• Long-term operational cycle (Luminae)
• Business model challenges (Luminae)
• Lack of federal guidelines regarding waste destination (ENC Energy)
• Municipal guidelines for landfills (ENC Energy)
• Licensing new landfills (ENC Energy)
• Housing challenges in lower-income areas (Tecverde)

Mitigation Strategies

• Implemented strategies to improve cash flow management (Luminae)
• Developed strategies to address business model challenges (Luminae)
• Increased capacity at existing plants and pursued new generation plants (ENC Energy)
• Strong support to daily cash flow management, and debt raising with financial institutions (Tecverde)
• Active role in strategic planning, hiring of executives, and goals definition (Tecverde)

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs, IFC Performance Standards, IFC EHS guidelines, OECD guidelines for corporate governance, ILO

Certifications: B Corp (GEF Capital Partners Latam)

UN Sustainable Development Goals

• SDG 2
• SDG 3
• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 11
• SDG 12
• SDG 13
• SDG 14
• SDG 15

The portfolio companies' activities align with various UN SDGs.

Sustainable Products & Innovation

• Unicoba's LFP batteries
• Luminae's LED lighting systems
• Tecverde's prefabricated wood-frame houses

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Portfolio companies contributed to a reduction of 707,392 tCO2e of GHG emissions.
• Neutralized scope 1, 2, and 3 emissions (88 tons CO2e).

Social Achievements

• 100% of portfolio companies implemented a Human Resources guidebook and Code of Ethics.
• ~70% of portfolio companies started the process of obtaining ISO certification.
• +30 refugees hired across portfolio companies.
• Supported selected NGOs with R$48K in donations.

Governance Achievements

• Became a signatory to the Task Force on Climate-related Financial Disclosures (TCFD) in November 2021.
• Became a signatory to the UN-supported Principles for Responsible Investment (PRI) in May 2021.
• Developed and implemented a robust Human Resources guidebook.
• Developed an Environmental and Social Management System (ESMS).
• Published a Sustainable Finance Policy.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic causing business disruptions and increased demand for basic assistance.
• Challenges in measuring Scope 3 emissions.
• Deforestation in the Amazon and agricultural malpractice.

Mitigation Strategies

• Supported selected NGOs.
• Engaged Bureau Veritas to assess portfolio’s greenhouse gas inventory.
• Investing in companies that mitigate the adverse impacts of deforestation and agricultural malpractice.
• Implementing ESG action plans in portfolio companies.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Opportunities

• Development of energy-efficient products
• Renewable energy generation

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN SDGs, Impact Management Project

Certifications: B Corp

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Investment themes aligned with UN SDGs.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance

Environmental Achievements

• 1,091,825.23 tCO2 avoided emissions through portfolio companies' products and services
• GEF Latam neutralized scope 1, 2 and 3 corporate emissions through the purchase of 29 tCO2e in Verified Emissions Reductions

Social Achievements

• Increased percentage of women in the workforce and leadership positions across portfolio companies
• 6 out of 7 portfolio companies have a third-party managed whistleblowing channel
• 5 out of 7 portfolio companies conducted organizational climate surveys

Governance Achievements

• Established ESG checklists across all portfolio companies to guide ESG action plan implementation
• GEF Latam became a Task Force on Climate-Related Financial Disclosures (TCFD) signatory
• GEF Latam became a Principles for Responsible Investment (PRI) signatory
• GEF Latam is the first Brazilian signatory of the Impact Principles
• GEF Latam became a B Corp

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Clean energy generation, energy efficiency, and storage technologies

Reporting Standards

Frameworks Used: TCFD, PRI, Impact Principles, IRIS+, SASB, IFC Performance Standards, Impact Management Project (IMP)

Certifications: B Corp, ISO 9001, ISO 14001, ISO 45001, GPTW

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed