Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Atacadao has policies regarding zero deforestation and animal welfare. The firm has engaged with meat suppliers to explain their requirements but has supplemented this by mapping the locations of their farms and using satellite imaging to ensure deforestation is not occurring.
• Westlife has created its own supply cold chain, so that 98% of products are sourced locally and 100% are from the company’s own supply chain. All palm oil is certified by the Roundtable on Sustainable Palm Oil and the company has introduced FSC certified recyclable packaging.

Social Achievements

• Atacadao encourages suppliers to follow the five freedoms of the Farm Animal Welfare Council, as well as specific policies for pig rearing and ensuring all eggs are from cage-free chickens by 2025.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• High-risk industry companies not publicly providing emissions data or when requested
• Ongoing business controversies and unresolved scandals
• Water usage/conservation levels for significant users (e.g., beverages) not disclosed
• More than 5% of revenues or profits attributed to coal and fossil fuel exploration and production
• High-risk industry company without a Health & Safety policy
• More than 5% of revenues or profits attributed to tobacco, narcotics, armaments, adult entertainment, gambling, coal mining, fur trade, or liquor
• Zero tolerance for “controversial weapons”
• Non-pharma animal testing, unless it is required by law and regardless must be a substantial minority (<20%) of overall sales
• No audited accounts or with an auditor who is not independent
• Doesn't meet investors or arrange regular open-access calls
• Refusing to provide the identity of majority shareholders
• Ongoing governance issues and unresolved scandals
• Climate change impacts on livestock productivity and mortality
• Water scarcity
• Extreme weather events
• Air and water pollution from animal waste
• Deforestation

Mitigation Strategies

• Atacadao's engagement with meat suppliers and use of satellite imaging to monitor deforestation
• Westlife's creation of a local supply chain and use of sustainable palm oil and packaging
• Investing in on-site water treatment plants (Astral, Inghams Group)
• Employing greenhouse gas-focused genetic selection and breeding
• Optimizing animal feed mix
• Expanding use of anaerobic manure digestion
• Reducing nitrogen overapplication
• Adopting zero-emissions on-farm machinery and equipment
• Improving animal health monitoring and illness prevention
• Scaling low-and no-tillage practices for feed crops
• Expanding use of animal feed additives
• Expanding use of feed-grain processing for improved digestibility
• Applying nitrification inhibitors on pasture
• Expanding adoption of controlled-release and stabilized fertilizers

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Atacadao's engagement with meat suppliers to ensure compliance with zero deforestation and animal welfare policies
• Westlife's sourcing of 100% of products from its own supply chain with sustainable palm oil and packaging

Climate-Related Risks & Opportunities

Physical Risks

• Drought
• Floods
• Fires
• Higher temperatures leading to increased livestock mortality and disease

Transition Risks

• Carbon pricing
• Shifting consumer preferences towards plant-based proteins
• Stringent environmental regulations
• Net-zero targets

Opportunities

• Plant-based proteins
• Fermentation technology
• Cell culture technology

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
• Water Usage
• Waste Reduction
• Biodiversity
• Gender Diversity
• Governance
• Human Rights
• Financial Inclusion

Environmental Achievements

• Reduced GHG intensity and water intensity across portfolios compared to indices and investable universes.
• Achieved carbon neutrality by offsetting unavoidable operational emissions.
• Significant percentage of portfolio companies committed to Net Zero by 2030.

Social Achievements

• Supported Shivia's poultry farming program, empowering over 18,000 women and impacting 100,000 family members.
• Funded Phool, a social enterprise transforming floral waste into sustainable products and creating employment opportunities.
• Donated over $2,600,000 to development and entrepreneurship projects.

Governance Achievements

• Consistently achieved top quartile ratings in PRI framework reporting assessment.
• Engaged with companies on various governance issues, including auditor tenure and executive compensation linked to ESG.
• Voted against management resolutions where governance concerns were identified.

Climate Goals & Targets

Environmental Challenges

• Data limitations and estimations in ESG metrics.
• Challenges in ensuring consistent and reliable data collection across diverse geographies and companies.
• Addressing water scarcity in regions where investee companies operate.

Mitigation Strategies

• Developed a proprietary ESG rating system.
• Engaged with companies to improve data disclosure and reporting.
• Collaborated with stakeholders to address water-related risks and promote water conservation initiatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Engaged with companies on responsible nickel sourcing in EV supply chains.

Climate-Related Risks & Opportunities

Physical Risks

• Water scarcity, droughts

Transition Risks

• Regulatory changes impacting investee companies

Opportunities

• Investment in companies contributing to the transition to a Net Zero economy.

Reporting Standards

Frameworks Used: PRI, SFDR, EU Taxonomy, TCFD, UN SDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 1 (No Poverty)
• SDG 5 (Gender Equality)
• SDG 8 (Decent Work and Economic Growth)
• SDG 10 (Reduced Inequalities)
• SDG 13 (Climate Action)

Investments and philanthropic activities contribute to these goals.

Sustainable Products & Innovation

• Supported Phool's development of sustainable products from floral waste.

Awards & Recognition

• 2024 Best Country Emerging Market Fund (Alquity Indian Subcontinent Fund)