Advent International Limited

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:14,383,400 tCO2e (Scope 3 Financed Emissions)

Scope 1 Emissions:0 tCO2e

Scope 2 Emissions:297 tCO2e (market-based), 210 tCO2e (location-based)

Scope 3 Emissions:14,383,400 tCO2e (Financed Emissions)

Total Energy Consumption:1,155,261 kWh

Carbon Intensity:1.5 tCO2e/UK employee (location-based, 2023)

Launched climate strategy focused on value creation through decarbonization in 2023, supporting select portfolio companies in measuring carbon footprints, identifying emissions reduction opportunities, and crafting tailored strategies.
Refurbishment of certain London office facilities to an all-electric design, resulting in a decline in Scope 1 emissions (use of natural gas) between 2022 and 2023.

Board oversight of climate-related risks and opportunities; quarterly board meetings may include climate-related topics.

Short-term Goals:

Enhance digital infrastructure and data collection processes, including data related to climate, where available and for those companies for which it is material.

Potential impacts from extreme weather and flooding on AI Ltd's London office operations (data/IT system disruptions, physical damage, employee activity/travel disruptions).
Transition risks affecting AI Ltd's operational or financial performance (increased regulatory/policy/legal risks, potential litigation, higher compliance costs, enhanced sustainability reporting requirements, third-party risks, reputational risks).
Potential physical effects of climate change and resulting transition risks materially affecting AI Ltd's business and operations; limited or no control over performance of portfolio companies.
Data quality for portfolio companies' Scope 1, 2, and 3 emissions.

Regularly reviewed business continuity plans for AI Ltd's London office.
Monitoring and management of transition risks alongside other business risks, including reports to the Board and discussion as appropriate.
Implementation of new technologies and expansion of third-party support to improve the accuracy and completeness of GHG emissions inventory, including material Scope 3 data as applicable.
Development of the Private Markets Decarbonisation Roadmap (PMDR) to enable communication on portfolio companies' climate approaches and emissions reduction progress.

Frameworks Used: TCFD