Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Modern Slavery
• Anti-Bribery and Anti-Corruption
• Active Ownership
• Sustainable Finance Disclosure Regulation (SFDR)
• Governance
• Environmental Risk
• Social Risk

Environmental Achievements

• Awarded an A+ score in the “Overall Strategy” module of the PRI annual assessment in 2020, and A+ scores in both the “Private Equity” and “Infrastructure” modules.
• Supporting the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)

Social Achievements

• Commitment to understanding and mitigating modern slavery risks
• Zero-tolerance policy towards bribery and corruption

Governance Achievements

• Established an ESG Committee and Working Group to coordinate ESG efforts
• Developed a standard procedure for considering voting matters

Climate Goals & Targets

Environmental Challenges

• ESG risks in private markets investments
• Climate change risks in infrastructure investments
• Modern slavery risks in global operations and supply chains
• Difficulty in screening out undesirable companies pre-investment due to the blind-pool nature of private market funds

Mitigation Strategies

• Uses the SASB Materiality Map to prioritize ESG risk evaluation
• Engages with General Partners (GPs) to promote ESG considerations
• Provides ongoing training to investment professionals on ESG due diligence
• Maintains ESG risk monitoring post-investment using RepRisk
• Follows a policy of active ownership
• Provides ESG risk reporting to clients
• Avoids investment in specific areas (production of tobacco, weapons, etc.)
• Applies additional due diligence to sensitive areas (oil sands, controversial technologies, etc.)
• Engages and influences managers to improve ESG governance where necessary

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather events

Transition Risks

• Changing regulation
• Evolving consumer preferences

Reporting Standards

Frameworks Used: PRI, SASB, TCFD

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Biodiversity

Environmental Achievements

• Increased Scope 1 and 2 emissions data collection for all assets.
• Included Scope 3 emissions in the 2023 report.
• Improved alignment with PCAF methodology for GHG reporting.
• CyrusOne achieved an EcoVadis ‘Gold Level’ sustainability rating.
• CyrusOne performed energy-efficiency upgrades saving approximately 6,600 MWh annually.
• CyrusOne procures 100% renewable electricity for its European facilities.
• Fudura reduced its CO2 footprint by 5% in 2022 compared to 2021.
• NBI sources 100% renewable energy to power its sites.

Social Achievements

• Collected information on sustainability-focused policies of service providers.
• 100% of PINT's assets have Health & Safety and Diversity & Inclusion policies.
• NBI's partnership with the RISE Community Fund supports rural stakeholders.

Governance Achievements

• Established a dedicated Sustainability Committee.
• Enhanced TCFD climate risk disclosures.
• Reviewed and updated Board Diversity Policy.
• Reviewed Investment Manager’s sustainability strategy.

Climate Goals & Targets

Environmental Challenges

• Improving sustainability performance data collection and disclosures from underlying assets.
• Enhancing assessment of Sponsors’ approaches to integrating biodiversity risks and impacts.

Mitigation Strategies

• Enhanced engagement with Sponsors to improve data quality and availability.
• Continuing to engage Sponsors and share best practice through an Annual Sustainability Survey.
• Including additional questions in the 2024 Sustainability Survey on biodiversity.

Supply Chain Management

Supplier Audits: Annual MEC Questionnaire for top 10 suppliers.

Responsible Procurement

• Sustainability Policy
• Annual Sustainability Report
• Health and Safety Policy
• Modern Slavery and Human Trafficking Statement
• Anti-Bribery and Charitable & Political Donations Policy
• Data Protection Policy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts
• Technological changes

Opportunities

• Investments in renewables and energy efficiency

Reporting Standards

Frameworks Used: TCFD, PCAF, SFDR

Awards & Recognition

• IJGlobal ESG Award for Europe 2023 (Zenobe)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Climate change related risks (physical and transition risks)
• Sustainability risks impacting financial value

Mitigation Strategies

• Integrating sustainability factors into investment decision-making
• Engaging with fund manager partners on climate risk
• Developing tools to monitor climate change risks
• Using RepRisk to monitor sustainability risk incidents
• Implementing a climate change mapping tool (for infrastructure portfolios)
• Restricting investments in certain sectors (coal, oil, gas, nuclear, mining)

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather events

Transition Risks

• Changing regulation
• Evolving consumer preferences
• Volatility in energy prices
• Changes in demand

Reporting Standards

Frameworks Used: SASB, TCFD, PRI