Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability Investing (SI)
• Climate Change
• Active Ownership
• ESG Integration
• Sustainable Development Goals (SDGs)
• Governance
• Diversity & Inclusion
• Human Rights
• Risk Management
• Business Ethics
• Environmental Footprint

Environmental Achievements

• Reduced energy consumption by 9.5% (from 2,642,040 kWh to 2,404,412 kWh)
• Reduced water consumption (drinking water from 5,622 m3 to 3,072 m3)
• Reduced paper consumption (from 8,156 kg to 8,343 kg)
• Replaced all plastic cutlery, plates, dishes, and coffee stirrers in Rotterdam office with compostable materials
• Achieved CarbonNeutral® certification in 2018

Social Achievements

• Launched Robeco Foundation to support disadvantaged children's education
• Partnered with City to Sea to fight plastic pollution
• 87.7% employee engagement survey response rate
• Average client satisfaction score of 8.2 out of 10
• Net promoter score rose from -30 in 2013 to +18.1 in 2018

Governance Achievements

• Strengthened collaboration between Robeco and RobecoSAM
• Established joint Sustainability and Impact Strategy Committee (SISC)
• Updated Code of Conduct and Conflict of Interest policy
• Implemented anti-bribery training for all employees
• Received A+ scores from the UN PRI for both Robeco and RobecoSAM in all categories

Climate Goals & Targets

Environmental Challenges

• Market declines impacting ESG-integrated assets
• Increased competition in the sustainability investing field
• Pressure on fees from passive funds
• Growing regulatory demands for transparency
• Climate change risks (transition and physical risks)

Mitigation Strategies

• Strengthened collaboration between Robeco and RobecoSAM to maintain leading position in SI
• Developed new sustainability solutions and products
• Focused on alpha-generating products with more stable fees
• Developed a climate risk framework and integrated carbon emission data into risk system
• Engaged with companies to improve their ESG practices and reduce carbon footprint (e.g., Shell engagement)

Supply Chain Management

Responsible Procurement

• Seven principles of sustainable procurement (human rights, labor, environment, anti-corruption)

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Transition Risks

• Regulatory changes, market shifts

Reporting Standards

Frameworks Used: GRI Core

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 4: Quality Education
• Goal 10: Reduced Inequalities

Robeco Foundation's initiatives contribute to these goals

Sustainable Products & Innovation

• Global SDG Credits strategy
• Robeco ONE Sustainable
• Core Sustainable European Government Bonds
• RobecoSAM Smart Mobility strategy
• Global Electric Vehicles (EV) Revolution Fund

Awards & Recognition

• LAPF Investment Awards Impact Manager of the year
• High score in the FT Pension and Investment Provider Awards (PIPA) for socially responsible investment
• Best ESG paper of 2018 (Big Book of SI)
• Sustainable CEO of the Year (Gilbert Van Hassel)
• Award for Innovation (Funds) (RobecoSAM SDG Global Credits fund)

Environmental Metrics

ESG Focus Areas

• Climate change
• Biodiversity
• Human rights
• Sustainable Development Goals (SDGs)

Environmental Achievements

• Launched net-zero roadmap with targets to reduce carbon footprint of investments and operations by 30% by 2025 and 50% by 2030 (relative to 2019), and achieve net-zero by 2050.
• Purchased over 1,049 tonnes of CO2e carbon credits through a client vitality challenge.
• Reduced operational emissions by 58.1% compared to 2019.

Social Achievements

• Launched employee well-being programs and provided €500 to each employee in March 2021.
• Organized the ‘Robeco Global Vitality Challenge’ raising €45,530 for Room to Read.
• Established a Diversity, Equity & Inclusion (DE&I) committee and employee support groups.

Governance Achievements

• Implemented a robust governance framework to oversee the implementation of the EU Sustainable Finance Disclosure Regulation (SFDR).
• Established the Controversial Behavior Committee to oversee decision-making on controversial company behavior.
• Improved processes related to the prevention of money laundering and terrorist financing in the Dutch retail business.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic's impact on social structures, client investments, and economic recovery.
• Increased importance of the social dimension of sustainability.
• AFM fine for not adequately performing the gatekeeper function in the Dutch retail business.
• Russia-Ukraine conflict and its impact on portfolio companies and human rights.

Mitigation Strategies

• Resiliently adapted to new realities, prioritizing employee health and safety.
• Implemented remedial measures to improve Wwft-related processes in the Dutch retail business.
• Conducted enhanced human rights due diligence on portfolio companies.
• Took investment measures in response to the Russia-Ukraine conflict and donated to the International Red Cross.

Supply Chain Management

Responsible Procurement

• Seven principles of sustainable procurement
• Policies on knowing our vendor, responsible purchasing, and due diligence

Climate-Related Risks & Opportunities

Transition Risks

• Macroeconomic issues
• Increasing fee pressure
• Competition
• Deterioration of investments due to ESG-related risks

Opportunities

• Low-carbon transition as a prime investment opportunity

Reporting Standards

Frameworks Used: GRI (2016 Core), TCFD, UN Global Compact

Certifications: ISO 27001

Third-party Assurance: KPMG (limited assurance)

UN Sustainable Development Goals

• SDG 4 (Quality Education)
• SDG 10 (Reduced Inequalities)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)

Robeco integrates SDGs into investment strategies, active ownership, and community investment.

Sustainable Products & Innovation

• RobecoSAM Global SDG Engagement Equities fund
• US Green Bonds
• Robeco SDG Low Carbon Equities index family
• Sustainable equity fund in China

Environmental Metrics

ESG Focus Areas

• Climate change
• Biodiversity
• Human rights

Environmental Achievements

• Reduced carbon footprints of all equity and bond funds and mandates based on Scope 1 and 2 emissions.
• Met business travel reduction targets and devised energy-saving programs to further reduce carbon footprint (replaced all fluorescent lighting with LED lighting in headquarters, implemented policy to only lease fully electric cars in the Netherlands).

Social Achievements

• Launched employee well-being program with flexible working policy.
• Created a clear diversity, equity and inclusion roadmap.
• Launched Open Access Initiative, sharing SDG data with academics and clients.

Governance Achievements

• Appointment of three highly experienced experts to our Executive Committee.
• Implemented SFDR Level 2.
• Updated various disclosures, policies and procedures linked to sustainability.

Climate Goals & Targets

Environmental Challenges

• Market volatility, geopolitical tensions, energy crisis, and inflation.
• Limited data availability for ESG factors, particularly biodiversity and Scope 3 emissions.
• Implementing the Corporate Sustainability Reporting Directive (CSRD).

Mitigation Strategies

• Developed a framework to assess companies’ impact on biodiversity.
• Expanded research program on sector-level decarbonization pathways.
• Enhanced toolkit to measure and monitor sustainability risks, including climate risk scenarios.
• Increased staff working in sustainability data, including a dedicated Sustainability Investing Data Strategist and a team of data scientists.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Seven principles of sustainable procurement (human rights, labor, environment, anti-corruption).

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services
• Investment in renewable energy solutions

Reporting Standards

Frameworks Used: GRI Universal Standards, IIRC framework, TCFD recommendations

Certifications: ISO 27001 (Information Security Management System)

Third-party Assurance: KPMG Accountants N.V. (Limited assurance)

UN Sustainable Development Goals

• Goal 4 (Quality Education)
• Goal 10 (Reduced Inequalities)
• Goal 1 (No Poverty)

Robeco Foundation supports initiatives contributing to these goals.

Sustainable Products & Innovation

• RobecoSAM Biodiversity Equities Fund
• RobecoSAM QI Global SDG & Climate Multi-Factor Credits
• Global SDG & Climate Beta Equities
• QI US Climate Beta Equities
• RobecoSAM Net Zero 2050 Climate Equities
• Robeco Sustainable Asian Bond fund

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainable Investing
• Climate Change
• Biodiversity
• Human Rights
• Diversity, Equity, and Inclusion (DE&I)

Environmental Achievements

• Continued execution of net zero roadmap, making further progress towards short and medium-term targets.
• Received the highest possible score from the Principles for Responsible Investment (PRI).

Social Achievements

• Launched leadership journey in 2023 (to be extended to all employees in 2024).
• Adjusted flexible working guidelines in 2023.
• Implemented a process to help managers build career paths to improve gender equality.
• Adjusted policies to allow every colleague to care for family members, updated leave policies to be more inclusive.
• Organized 29 events in 2023 to strengthen the sense of belonging among employees.

Governance Achievements

• Implemented a Complaints and Grievance Handling Policy.
• Set up a remediation of adverse impact procedure based on the UN Guiding Principles on Business and Human Rights.

Climate Goals & Targets

Environmental Challenges

• Complex operational issues and challenges in the area of naming conventions related to SFDR classification alignment.
• Wholesale market faced challenging market sentiment in 2023.
• Higher one-off costs in 2023 due to accelerated transformation of sales and marketing organization.
• Portfolio outflows in 2023 negatively affecting 2024 financial performance.
• Uncertainty in investor sentiment for 2024.

Mitigation Strategies

• Optimizing global sales organization to increase sales effectiveness.
• Investing in IT systems for ESG data to ensure access to high-quality data.
• New global sales strategy and revamped organizational structure for sales and marketing departments.
• Addressing areas for improvement identified in annual employee engagement survey.
• Reviewing existing policies to make them more inclusive.

Supply Chain Management

Responsible Procurement

• Commitment to respect human rights in procurement.

Climate-Related Risks & Opportunities

Transition Risks

• Policy measures
• Technological breakthroughs
• Carbon pricing

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: Principles for Responsible Investment (PRI), Sustainable Finance Disclosure Regulation (SFDR), Task Force on Climate-related Financial Disclosures (TCFD), Task Force on Nature-related Financial Disclosures (TNFD), UN Guiding Principles on Business and Human Rights, OECD Guidelines for Multinational Enterprises

UN Sustainable Development Goals

• UN Sustainable Development Goals (SDGs)

SDG framework enables alignment of invested capital with sustainability interests of capital owner.

Awards & Recognition

• Morningstar awards for “Best Asset Manager – Sustainable Investing” in Luxembourg, Belgium, Italy, the UK, Netherlands and Taiwan.
• Ranked 1st and only asset manager with an AA ranking in the Share Action Global Responsible Investment Benchmark “2023 Point of No Returns” report.

Environmental Metrics

ESG Focus Areas

• Tax Governance
• Tax Transparency
• Sustainable Investing

Social Achievements

• Public disclosure of tax contribution starting in 2024

Governance Achievements

• Implementation of a Tax Control Framework
• Establishment of a cooperative compliance agreement with Dutch tax authorities
• Regular reviews of Tax Policy and Approach to Tax (every two years)

Climate Goals & Targets

Environmental Challenges

• Managing tax risks inherent in doing business
• Navigating increasingly complex tax laws and regulations

Mitigation Strategies

• Proactive identification, monitoring, and management of tax developments
• Implementation of a four-eyes principle and internal controls
• Continuous updates of tax knowledge through training
• Seeking external advice when significant uncertainty or complexity arises
• Proactive sharing of material tax risks with Dutch Tax Authorities

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI: 207: Tax 2019

Third-party Assurance: