Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Responsible Business Practices
• Supplier Management

Environmental Achievements

• Reduced UK annual carbon emissions by over 3,500 tonnes at David Lloyd Leisure, resulting in £2 million in utility cost savings.
• Launched the world’s first hybrid-powered expedition ships at Hurtigruten, reducing ship emissions by over 20%.
• Modulaire Group established a circular economy model, resulting in a 50% lower carbon footprint than traditional buildings and >95% recyclability of modular units.
• LeasePlan committed to achieving net zero tailpipe emissions from its entire fleet by 2030.

Social Achievements

• Launched a group e-learning platform at Buffalo Grill, resulting in 9,000 hours of training.
• Established ilke Academy, a learning and development facility for modular housing, training 270 people since 2019.
• Implemented Stonegate’s ‘Bar to Boardroom’ career development program, engaging over 4,000 employees.
• NKD Group achieved an 80% good/excellent factory grading in supplier audits.

Governance Achievements

• Engaged Orpheus Cyber to provide cyber risk ratings across all portfolio companies.
• LeasePlan implemented a new global ethics and integrity campaign and became a signatory of the UN Global Compact.
• Keepmoat launched Safecall, a whistleblowing hotline.

Climate Goals & Targets

Environmental Challenges

• Driving consistency in environmental standards across Modulaire Group's acquisitions.
• High employee attrition in hospitality and construction sectors.
• Potential cybersecurity breaches.
• Managing ESG risks and opportunities across a diverse portfolio of companies.

Mitigation Strategies

• Provided support to portfolio companies in developing ESG strategies, KPIs, data collection, and ambitious targets.
• Developed learning and development programs to attract, retain, and develop employees.
• Engaged Orpheus Cyber for cyber risk assessment and mitigation.
• Implemented quarterly ESG reporting and reviews by the Responsible Investment Committee.

Supply Chain Management

Supplier Audits: Approximately 350 supplier factory audits per annum at NKD Group.

Responsible Procurement

• Supplier code of conduct.
• In-country resources to monitor supplier performance (NKD Group).

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Untapped low-carbon opportunities across the portfolio (identified with Pollination).

Reporting Standards

Frameworks Used: TCFD

Certifications: Carbon Trust Standard

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Modulaire Group's modular buildings.
• Hurtigruten's hybrid-powered expedition ships.

Awards & Recognition

• Carbon Trust Standard certification (David Lloyd Leisure).

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity & Inclusion (ED&I)
• Supply chain sustainability
• Data collection and analysis
• Carbon reduction targets

Environmental Achievements

• Supported Modulaire Group in implementing a circular economy model, reducing residual waste and lowering carbon footprint.
• Aggreko designed a renewable power solution for a Chilean mine, offsetting 104,000 tonnes of carbon emissions.
• EG Group generated over 5.7 million kWhs from solar panels across the UK, Netherlands and France.
• 100% of Asda's own-brand dairy, eggs, potatoes, and chicken came from British farms.

Social Achievements

• Arrow Global partnered with Junior Achievement Europe, reaching almost 10,000 young people with financial education.
• BPP Holdings' Law Ambassador Programme mentored young people from lower socioeconomic areas, improving access to the legal profession.
• Asda launched a Kids Eat for £1 initiative to help families during the cost of living crisis.
• Ilke Homes launched ZERO Bills homes, guaranteeing zero energy bills for residents.

Governance Achievements

• All portfolio companies appointed a dedicated Head of ESG & Sustainability.
• Implemented Worldfavor reporting platform for improved ESG data collection and analysis across the portfolio.
• Asda introduced a dedicated ESG claims management software system.
• Hurtigruten improved data security and compliance systems after a 2020 cyberattack, resulting in zero reportable data breaches in 2021.

Climate Goals & Targets

Environmental Challenges

• Supply chain constraints, inflationary and interest rate pressures, and a cost of living crisis.
• Need for reliable and consistent ESG data collection.

Mitigation Strategies

• Implemented Worldfavor reporting platform for improved ESG data collection and analysis.
• Leveraging in-house data science expertise to analyze ESG data.
• Portfolio companies provided support to employees and customers during the cost of living crisis.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Asda's engagement with British farmers on sustainability challenges.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Untapped low-carbon opportunities across the portfolio.

Reporting Standards

Frameworks Used: TCFD, GRI, UN SDGs, SFDR, UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Asda's reporting aligns with the UN Sustainable Development Goals.

Sustainable Products & Innovation

• Ilke Homes' ZERO Bills homes.

Awards & Recognition

• BPP Holdings' 2022 LawWorks & Attorney General Student Pro Bono Award.

Environmental Metrics

ESG Focus Areas

• Decarbonisation
• Human Rights
• Climate Change
• Responsible Sourcing
• Employee Wellbeing
• Diversity, Equity & Inclusion
• Safety Management
• Community Engagement

Environmental Achievements

• Published first TCFD report outlining climate-related progress.
• David Lloyd Leisure had near- and long-term science-based emissions reduction targets approved by SBTi.
• Aggreko reduced absolute total emissions by 1.1m tonnes of CO2.
• Hurtigruten launched a concept design for its Sea Zero project, a zero-emissions cruise ship.
• Constellation Automotive Group saved 1,350 tonnes of CO2 emissions using HVO fuel.

Social Achievements

• Stonegate Group's Accelerator leadership development scheme saw 50 cohorts graduate.
• BPP Education Group won two awards at the 2024 FE Week and AELP AAC Apprenticeship Awards.
• Asda held an ESG Supplier Conference with over 700 attendees, setting ambitious sustainability goals.
• Jollyes partnered with BillyChip to support the homeless, providing over 37,000 trays of dog food.

Governance Achievements

• Hurtigruten received a Low ESG risk rating from Morningstar Sustainalytics.
• Asda received an entity rating of 3 from Sustainable Fitch.
• EG Group's ESG risk rating improved significantly from 16.9 (weak) in 2021 to 36.9 (average) in 2023.

Climate Goals & Targets

Environmental Challenges

• Managing climate-related risks and opportunities across the portfolio.
• Ensuring portfolio companies comply with evolving ESG regulations.
• Supporting portfolio companies in setting and achieving science-based targets.
• Addressing potential supplier risks related to human rights and environmental practices.

Mitigation Strategies

• Conducting scenario analysis for portfolio companies to assess climate-related risks and opportunities.
• Providing support and resources to portfolio companies to enhance their ESG performance.
• Implementing an internal rating system to measure the maturity levels of portfolio companies.
• Mandating climate risk and opportunity due diligence for all potential acquisitions.

Supply Chain Management

Responsible Procurement

• Requiring portfolio companies to be aware of potential supplier risks related to human rights and environmental practices.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD, TNFD