Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Ethical Behavior
• Sustainable Investing

Environmental Achievements

• Reduced direct carbon emissions via own organisation by 40% per FTE compared with 2019 baseline.
• 88% of Kempen funds and discretionary management solutions comply with 7% average annual emission intensity reduction against 2019 baseline.
• 56% coverage of the assessment of the carbon footprint of AuM by end 2022.

Social Achievements

• Launched updated inclusion and diversity policy with five pillars.
• Signed Workplace Pride's Declaration of Amsterdam.
• Narrowed gender pay gap from 4% in 2021 to 2.7% in 2022.
• Improved Net Promoter Score (eNPS) to 18 from 13 in 2021.
• Employee engagement score (EES) of 88% above target.

Governance Achievements

• Defined KPIs to monitor ethical behavior and transparent communication.
• Established a robust governance structure including Sustainability Board, Sustainability Investment Council, and Green Bond Committee.
• High scores on external ESG ratings (8th place in league table of 486 entrants, B-rating ISS ESG Corporate Rating).

Climate Goals & Targets

Environmental Challenges

• Indirect emissions via mortgage portfolio increased due to colder weather in 2021.
• Tight labor market.

Mitigation Strategies

• Enhanced Groenhypotheek (green mortgage) solution to incentivize energy-efficient homes.
• Successfully attracted new talent while maintaining strong retention rate.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Sustainable Products & Innovation

• SDG Farmland Fund
• Global Impact Pool
• Groenhypotheek (green mortgage)

Environmental Metrics

ESG Focus Areas

• Responsible Business Conduct (RBC)
• Climate Change
• Human Rights
• Employee Safety
• Supplier Responsibility
• Water Usage
• Executive Compensation

Environmental Achievements

• Multiple companies engaged with set or improved CO2 reduction targets (e.g., Atrium Ljungberg, GLP J-REIT, Sun Communities, Inc., West Fraser Timber Co. Ltd.)
• Companies improved GHG emission reporting and disclosure (e.g., Tricon Residential Inc., Cabot Corporation)

Social Achievements

• Engaged with companies to address outstanding wage payments for workers (Nike)
• Addressed employee safety concerns and on-the-job fatalities (VINCI SA)
• Improved supplier screening for social risks (Jabil Inc.)
• Improved community engagement strategies (Rumo SA)

Governance Achievements

• Improved ESG target integration into executive compensation (Safestore Holdings plc, multiple other companies)
• Increased transparency and reporting on ESG performance (multiple companies)

Climate Goals & Targets

Environmental Challenges

• Supplier social risks (forced labor, wage payments)
• Employee safety incidents
• Lack of transparency on emissions and reduction targets
• Insufficient ESG integration into executive compensation
• Lack of Paris-aligned climate targets
• Inadequate Scope 3 emissions reporting

Mitigation Strategies

• Engaging with companies to improve supplier screening and address social risks
• Pressuring companies to improve safety measures and transparency
• Encouraging companies to set ambitious emission reduction targets and improve reporting
• Advocating for better ESG integration into executive compensation
• Promoting Paris-aligned climate targets and Scope 3 reporting

Supply Chain Management

Responsible Procurement

• Supplier screening for social risks

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: OECD Responsible Business Conduct (RBC) Guidelines, Science Based Targets initiative (SBTi), Task Force on Climate-related Financial Disclosures (TCFD)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Plastic Pollution

Environmental Achievements

• Updated climate transition action plan with improved Scope 3 emission reduction targets, aligned with SBTi FLAG guidance.
• Planned actions to reduce emissions from forest risk commodities beyond deforestation.
• Efforts to increase farm-level traceability, despite challenges with smallholders.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Significant absolute reductions in Scope 3 GHG emissions have proven challenging.
• Low farm-level traceability for Unilever's products.
• High plastic pollution, especially from sachets in emerging markets.
• Postponement of flexible packaging target.

Mitigation Strategies

• Development of unit-specific plastics reduction roadmaps with regional focuses.
• Ambition to collect more plastic than sold in high-risk regions.
• Strengthening monitoring to increase farm-level traceability.
• Continued engagement and dialogue with investors.

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: SBTi FLAG

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed