Waterland Private Equity Investments B.V.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:2,465 tCO2e (Waterland's own emissions, Scopes 1, 2, 3)
Carbon Intensity:13 tCO2e per FTE (Waterland)
ESG Focus Areas
- Climate & Carbon
- Inclusion, Diversity and Employee Engagement
- ESG Management
Environmental Achievements
- 100% of air travel on Sustainable Aviation Fuel (SAF)
- >65% EVs in lease fleet
- 100% of CO2 emissions compensated with high-quality offsets
- Reduced CO2 emissions by 29% (Scope 1) and 64% (Scope 2) in own operations
- Over 95% of portfolio companies monitoring CO2 emissions (Scopes 1, 2, and 3)
- 33 portfolio companies with decarbonization pathways
- Many portfolio companies implementing measures to reduce emissions (e.g., Nowocoat shifting to heat pumps, Elk setting Science Based Targets)
Social Achievements
- Increased participation in “VVE” program from 7,200 to 7,700 spots (Partou)
- 71.2% women in MEDIAN Group workforce
- Priory colleague engagement score 75% (2023)
- MEDIAN Group supports charities and local initiatives
- Cooper Parry leading the industry in gender diversity (53% female employees, 27% female board members)
- Annual employee ESG survey introduced at AFO
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Reduce Waterland's own Scope 1 and 2 GHG emissions by 80% by 2030
- Achieve that 75% of Waterland’s portfolio companies have set (Paris-aligned) decarbonization pathways by 2030
Short-term Goals:
- Not disclosed
Environmental Challenges
- Scope 3 emissions increased by 19% due to fund launch, FTE growth, and increased travel/office space
- Gathering reliable and consistent data on Scope 3 emissions is not yet flawless
- Setting emission reduction targets is in an early phase
Mitigation Strategies
- Purchasing Sustainable Aviation Fuel (SAF) to reduce business travel emissions
- Offsetting internal CO2 emissions since 2020
- Contracting a specialist carbon accounting platform for efficient assessment and frequent updates
- Providing training sessions on assessing CO2 emissions and developing decarbonization plans
- Engaging with portfolio companies on setting emission reduction targets, aiming for 75% with targets by 2030
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- ESG Policy
- Preferred Supplier List
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, EDCI, SASB, Greenhouse Gas Protocol, EU SFDR, TCFD
Certifications: B Corp, EcoVadis, ISO 14001, ISO 45001, ISO 9001