Climate Change Data

Acorn Holdings Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:966.16 Mt CO2e
Scope 1 Emissions:9.16 Mt CO2e
Scope 2 Emissions:957 Mt CO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:28%
Total Energy Consumption:29.78 KWh/m²
Water Consumption:2.60 m³/M²
Waste Generated:Not disclosed
Carbon Intensity:0.0097 M²

ESG Focus Areas

  • Environmental sustainability
  • Social inclusion
  • Governance

Environmental Achievements

  • Reduced energy use intensity to 29.78KWh/m² from 31.5KWh/m²
  • Achieved 78% waste diversion rate
  • Reduced water use intensity to 2.60m³/M²
  • 28% of total energy consumption from renewable energy

Social Achievements

  • Launched First Time Managers Program for employee development
  • Maintained 100% health coverage for employees
  • Achieved a Customer Satisfaction Score of 5.0 on a scale of 1-5
  • Created 1857 jobs

Governance Achievements

  • Established an ESG Committee
  • Secured a GRESB 4-Star Rating for both I-REIT and D-REIT for the third consecutive year
  • Ranked first in sustainability among peers for the second consecutive year
  • Achieved EcoVadis Silver rating for the second consecutive year

Climate Goals & Targets

Long-term Goals:
  • [object Object]
Medium-term Goals:
  • Use above 25% renewable energy per asset by 2030
  • Introduce renewable energy in all properties by 2030
Short-term Goals:
  • Reduce water use intensity by 10% from 2023 levels by 2030
  • Reduce energy use intensity by 30% from 2023 levels by 2030
  • Achieve 90% waste diversion rate by 2030
  • Reduce scope 1 and 2 GHG emissions intensity by 50% by 2030 from a 2023 baseline

Environmental Challenges

  • Ongoing economic challenges
  • Climate-related extreme flooding events
  • Challenges in the construction approval process leading to project delays and cost overruns
Mitigation Strategies
  • Implemented renewable energy installations
  • Implemented resource-conserving practices
  • Developed strategies to build resilience against natural disasters
  • Adhered to strict compliance with global standards on anti-bribery and corruption

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prioritizing local SME suppliers
  • Emphasis on sustainable procurement practices and materials

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (flooding)
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G2016, IIRC Integrated Reporting Guidelines (January 2021), Sustainable Development Goals (SDGs)

Certifications: EDGE, GRESB, EcoVadis

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 4 (Quality Education)
  • SDG 5 (Gender Equality)
  • SDG 6 (Clean Water and Sanitation)
  • SDG 7 (Affordable and Clean Energy)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 9 (Industry, Innovation, and Infrastructure)
  • SDG 10 (Reduced Inequalities)
  • SDG 11 (Sustainable Cities and Communities)
  • SDG 13 (Climate Action)

Acorn's ESG strategy contributes to these SDGs through various initiatives detailed in the report.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • GRESB Overall Sector Leader designation
  • EcoVadis Silver rating
  • IFC EDGE Champion award in Africa
  • IFC Best Developer in Africa award