Climate Change Data

Cathay Innovation

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Governance
  • Human Resources
  • Environmental Initiatives
  • Community Support

Environmental Achievements

  • 95% of Innovation II companies implemented at least one operational-level environmental initiative.
  • 72% of Innovation II companies implemented initiatives in products/services to reduce environmental impact.
  • Companies are increasingly assessing risks related to raw materials.

Social Achievements

  • 100% of Innovation II companies had wellbeing initiatives (development plans, training, flexible hours).
  • 100% of Innovation II companies had value-sharing mechanisms.
  • 84% of Innovation II companies conducted employee satisfaction surveys.
  • 95% of employees in Innovation II companies received training.
  • 78% of Innovation II companies had at least one woman on their executive committees.

Governance Achievements

  • 100% of Innovation II companies formalized corporate values.
  • 88% of Innovation II companies defined a corporate mission.
  • 40% of Innovation II companies appointed an ESG Manager or committee.
  • 64% of Innovation II companies formalized a responsible procurement policy.
  • 100% of Innovation II companies had at least one business ethics document.

Climate Goals & Targets

Medium-term Goals:
  • Enhance gender representation in European companies.
  • Implement greenhouse gas emissions reduction action plans in all relevant portfolio companies by 2025.
Short-term Goals:
  • Implement anonymous grievance schemes in portfolio companies.
  • Support companies in formalizing environmental strategies and conducting carbon footprint assessments.

Environmental Challenges

  • Need for further improvement in diversity and inclusion, particularly gender representation at executive levels.
  • Need for more companies to formalize environmental strategies and policies.
  • Need for more companies to conduct carbon footprint assessments.
  • Need for more companies to implement anonymous grievance schemes.
Mitigation Strategies
  • Cathay Innovation will support companies in implementing anonymous grievance schemes and share best practices.
  • Cathay Innovation will encourage companies to formalize environmental strategies and conduct carbon footprint assessments.
  • Cathay Innovation will focus on enhancing gender representation in European companies.
  • Cathay Innovation will continue to support companies in developing carbon footprint reduction initiatives.

Supply Chain Management

Responsible Procurement
  • 64% of Innovation II companies have a formalized responsible procurement policy.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs, Impact Management Project (IMP), TCFD, SASB, CDP

UN Sustainable Development Goals

  • SDG 3 (Health and Well-being)
  • SDG 8 (Economic Growth)
  • SDG 9 (Innovation)
  • SDG 12 (Responsible Consumption)
  • SDG 13 (Climate Action)

Portfolio companies contribute to these SDGs through their products, services, and operations.