GL Capital Group
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Responsible Investment
- Responsible Operation
- Governance
Environmental Achievements
- Implemented energy-saving policy and actions (75%)
- Assessed scope 1 and scope 2 GHG emissions data management capacity (100%)
- Implemented reclaimed water recycling in Shennong Herbal Garden, saving water of 0.95 million m³ per year (Baiyunshan)
- Zhe Jiang Peptites Biotech set carbon peaking and carbon neutrality goals
- Jin Kang Pu Nutrition installed rooftop solar panels at the production site in Zhejiang Province (3,501 m3)
Social Achievements
- Zero turnover rate with no employee leaving in 2023
- Employee satisfaction index of 85.35% (Jin Kang Pu Nutrition)
- 95% participant ratio for 2023 trainings
- 25 partners are female
- ~50% of new portfolio companies were assessed ESG performance
- 100% of the new portfolio companies were included in ESG grievance monitoring
- 100% companies monitored for ESG incident of Fund IV
- 100% companies were included in ESG data monitoring program
- ESG incident involved 0 grievance cases received
- Conducted 114 public service events and 975 community events, and donated approximately 3 million RMB in public service (Baiyunshan)
- Donation of 500,000 RMB (Challenge Animal Health)
- Donation of 106,538.6 RMB (Jin Kang Pu Nutrition)
- Participated in community charity activities to care for patients’ health (SciClone Pharmaceuticals)
- Published 13 articles on the application of its products and wound care (Foryou Medical)
Governance Achievements
- Implemented health and safety policy and procedure (100%)
- Implemented product quality assurance and recalls policy and procedure (100%)
- Implemented anti-corruption, anti-bribery and fraud prevention policy and procedure (100%)
- Implemented customer privacy protection policy and procedure (100%)
- Offered anti-corruption trainings for employees and the management (100%)
- Zhe Jiang Peptites Biotech joined the UNGC and developed a comprehensive business ethics management system
- Zero business ethics breaches in 2023
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality of operational emissions from 2045 (Scope 1 and Scope 2) (Zhe Jiang Peptites Biotech)
- Achieve net-zero emissions by 2050 (Scope 1, Scope 2 and Scope 3) (Zhe Jiang Peptites Biotech)
Medium-term Goals:
- Advance DEI and climate initiatives at GL and portfolios
Short-term Goals:
- Enhance ESG integration over investment cycle
- Explore opportunities to develop customized ESG value-creation plans for pilot portfolios
Environmental Challenges
- Evolving sustainability regulatory landscape and rising expectations regarding sustainability performance for both GL Capital and its portfolio companies.
Mitigation Strategies
- Proactive integration of sustainability practices
- Conducting ESG assessments for all targets of USD Fund III and newly established USD Fund IV
- Expanding and enhancing ESG value creation, monitoring, and engagement initiatives
- Collaborating closely with buyout companies
- Developing a phase-based ESG enhancement approach for portfolio companies (e.g., JKP)
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ILPA, SASB, HKEX ESG Reporting Guide, SFDR, IFC, UNPRI
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 9 (Industry, Innovation and Infrastructure)
Investing in industry-leading companies that contribute to promoting good health and well-being of humanity.
Awards & Recognition
- 2023 Top 20 Best Healthcare Investors
- Top 20 Most Popular Direct Investment Fund Institutions for Young Investors in 2024
- 2023 Top 30 Best Healthcare Institutional Investors
- 2023 Top 50 Best PE Funds, ranked 28th
- 2024 40 (40U40) Most Promising Young Investors in Direct Investment Funds under the Age of 40
- 2023 Top 20 Best Foreign PE Institutional Investors in China
- 2023 Top 20 Best Institutional Investors focusing on Medical Device in China's Medical and Healthcare Service Sector
- 2022-2023 Top 100 Best Private Equity Investors in China
- Best Investment Return Fund of the Year in Healthcare
- Best Investment Institution of the Year in Healthcare Services
- Best PE Investment Institution of the Year in Healthcare