Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced CO2 emissions through investments in energy efficiency and renewable energy projects

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

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

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental
• Social
• Governance

Environmental Achievements

• 2018 investments will reduce carbon emissions by 496,000 metric tons in the first year the projects are operational, translating into a 0.42 CarbonCount (0.42 MT of carbon emissions avoided per each $1,000 of investment).

Social Achievements

• Investments created over 95,000 highly skilled and high-wage jobs in over 40 states.
• Investments provided energy efficiency upgrades to educational facilities supporting over 170,000 school children annually.
• Investments provided energy efficiency upgrades to hospitals and other facilities serving over 1 million U.S. military veterans annually.
• Formalized and documented Human Capital Management and Human Rights Policies.
• Engaged a nationally recognized expert in workplace diversity, inclusion, and equity to provide employee training.
• Sponsored several non-profit events aligned with core values.
• Became a corporate member of the Women of Renewable Industries and Sustainable Energy (WRISE) organization.

Governance Achievements

• Formalized Board oversight of ESG strategies, activities, policies, and communications.
• Established an internal cross-functional ESG Committee.
• Established a confidential Whistleblower Hotline.

Climate Goals & Targets

Environmental Challenges

• 2018 carbon emissions were up 3.4 percent in the United States.
• The U.S. is not making meaningful progress on reducing carbon emissions.
• Need to unleash the power of markets to solve climate change.
• Increasing competition in the sustainable infrastructure market.

Mitigation Strategies

• Advocating for a Carbon Tax and Dividend.
• Expanding investments beyond carbon mitigation solutions into assets for adaptation and resiliency.
• Rigorous approach to ESG measurement and reporting.
• Implementation of the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Investment in climate change solutions

Reporting Standards

Frameworks Used: TCFD, UN Global Compact

Certifications: Null

Third-party Assurance: Bureau Veritas North America, Inc.

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance

Environmental Achievements

• Investments originated in 2019 will reduce annual carbon emissions by approximately 385 thousand metric tons.
• Purchased 100 percent renewable electricity for our office, encouraged recycling and composting, and offered clean transportation employee incentives for electric and hybrid vehicles.

Social Achievements

• Emphasis on a durable social fabric, including a diverse, engaged, and fairly compensated staff, is a material factor in our financial success.
• Majority of employees identify as women, people of color, LGBTQ+, and/or military veterans

Governance Achievements

• One of the first U.S. public companies to implement TCFD recommendations in financial filings
• Board of Directors: 86% Independent Directors, 33% of whom are women
• Adopted a Code of Business Conduct and Ethics policy
• Implemented whistleblowing procedures

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to climate events (implied)
• Debate over the usefulness of ESG reporting given the range of standards and their inconsistent application.
• Low natural gas prices may reduce the demand for projects like renewable energy that can substitute for natural gas.
• Technological progress in electricity generation, storage or in the production of traditional fuels or the discovery of large new deposits of traditional fuels could reduce the cost of energy generated from those sources and consequently reduce the demand for the types of projects in which we invest.

Mitigation Strategies

• Negotiating certain structural protections such as preferred returns, and through active asset management and portfolio monitoring.
• Acquiring projects with contracted revenues
• Active asset management and portfolio monitoring

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Wildfires
• Storms
• Water scarcity

Transition Risks

• Regulatory changes
• Market shifts
• Carbon pricing

Opportunities

• Increased demand for climate change solutions
• Increased demand for climate change resiliency solutions
• Decreases in cost of renewable energy, energy storage, and energy efficiency technologies

Reporting Standards

Frameworks Used: TCFD, GRI (implied), UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Responsible Investment Award
• CEO of the Year ESG Leadership
• Renewable Energy Leadership Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Conservation

Environmental Achievements

• Avoided approximately 68.7 million tons of CO2e emissions through investments in 2023.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

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

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed