Climate Change Data

TowerBrook Capital Partners L.P. or TowerBrook Capital Partners (U.K.) LLP

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1615 tCO2e/year (TowerBrook Scope 1, 2, and 3)

ESG Focus Areas

  • People
  • Planet
  • Partnership
  • Performance
  • Purpose

Environmental Achievements

  • Supported B Corp certification for four portfolio companies in 2023
  • Enhanced tracking of GHG emissions across our portfolio
  • AustroCel Hallein achieved near carbon neutrality for Scope 1 and 2 emissions (97% of energy from bioenergy)
  • Aernnova set targets to reduce energy consumption and carbon footprint by 40% and recycle 90% of waste by 2030
  • GSF reduced headquarters energy consumption by 24% through solar panels

Social Achievements

  • Launched The Bridge, a collaboration platform to foster connection and share insights across the portfolio
  • Published a Human Rights Policy Statement
  • Published an AI Acceptable Use Policy
  • Introduced an inclusive employee share option structure at Car Trawler, reducing employee attrition
  • Implemented various employee wellbeing initiatives across portfolio companies (e.g., EisnerAmper's Thrive program, Acacium Group's cost of living support)
  • KeHE's Employee Share Option Program (ESOP) resulted in nearly 90% employee ownership

Governance Achievements

  • Recertified as a B Corp with a score of 120.4
  • Aligned annual survey with Invest Europe ESG Reporting Guidelines
  • Developed a Human Rights Policy Statement
  • Developed an AI Acceptable Use Policy
  • Improved transparency metric to 97% (top 1% of private market GPs and LPs)

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions (EDCI metric for 2024 reporting cycle)
Medium-term Goals:
  • Aernnova's targets to reduce energy consumption and carbon footprint by 40% and recycle 90% of waste by 2030
Short-term Goals:
  • Increase to at least two female members on each controlled or TowerBrook majority-owned portfolio company Board by 2025

Environmental Challenges

  • Heightened risk and rapid change in climate, technology, and stakeholder expectations
  • Supply chain disruptions (implied)
  • Competition for talent (Car Trawler)
  • High cost of living impacting employees (Acacium Group)
Mitigation Strategies
  • Strengthening ESG performance as a strategic lever for building better, more resilient companies
  • Developing alternative sourcing strategies (implied)
  • Introducing inclusive employee share option structure (Car Trawler)
  • Implementing cost of living payments and other support measures (Acacium Group)
  • Investing in employee wellbeing programs (EisnerAmper, Acacium Group)
  • Upgraded cybersecurity initiative across portfolio companies

Supply Chain Management

Supplier Audits: 100% of Tier 1 and 80% of Tier 2 suppliers assessed on GSF's CSR criteria

Responsible Procurement
  • Sustainable procurement charter (GSF)
  • Inclusion of DE&I metrics in RFPs (TRIMEDX)

Climate-Related Risks & Opportunities

Opportunities
  • Transition to renewable energy
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: Invest Europe ESG Reporting Guidelines, SASB, B Impact Assessment, EDCI, TCFD, UN SDGs, GRI (implied), Operating Principles for Impact Management

Certifications: B Corp, Ecovadis, ISO 14001 (some portfolio companies)

Third-party Assurance: BlueMark (for TowerBrook Delta)

UN Sustainable Development Goals

  • Goal 3 (Good Health and Well-being)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 12 (Responsible Consumption and Production)

TowerBrook Delta investments align with specific UN SDG sub-targets

Sustainable Products & Innovation

  • AustroCel Hallein's bioethanol production

Awards & Recognition

  • B Corp Best for the World: Workers (KeHE)