Climate Change Data

Environmental Metrics

ESG Focus Areas

• Human Capital
• Diversity, Equity and Inclusion
• Climate Change
• Data Safeguarding and Systems
• Investors
• Communities
• Ownership, Control and Governance
• Business Ethics and the Regulatory Environment
• Strategy
• Governance
• Process
• Advocacy

Environmental Achievements

• Achieved a 24% reduction in GHG Emissions Intensity (tCO2e/employee) (excluding Scope 3 Category 15 emissions)
• Calculated FY2023 Scope 1, 2, and 3 emissions for the third consecutive year
• Offset Scope 1, 2, and select Scope 3 emissions

Social Achievements

• Welcomed 17 new joiners, bringing the team to 105 employees
• Expanded induction program
• Organized management training sessions
• Held ‘Lunch and Learn’ sessions
• Rolled out targeted training
• Enhanced paternity and parental leave policies
• Introduced a Workplace Nursery Scheme
• Rolled out Mentorship Programme
• Appointed two DEI Champions
• Rolled out mandatory “Respect in the Workplace” training
• Held a pilot Mental Health training session
• Established a dedicated Social Committee
• Streamlined recruitment processes
• Joined Nuveen’s Inclusive Employers Membership
• Hosted two interns
• Selected The Felix Project as Charity of the Year
• Matched £7,450 of employee donations

Governance Achievements

• Renewed Cyber Essentials Plus Qualification
• Enhanced cyber security education and awareness program
• Upgraded portfolio management system
• Expanded vendor cyber security due diligence
• Integrated proxy data provider's platform
• Improved data governance
• Submitted second Stewardship Report to the Financial Reporting Council (FRC)
• Provided annual training on conduct rules
• Provided annual training on business ethics
• Published relevant Sustainable Finance Disclosure Regulation disclosures
• Published a revised Modern Slavery Statement
• Provided Modern Slavery training
• Conducted anti-greenwashing training
• Hired a Responsible Investing Analyst
• Provided responsible investment training to 100% of the Investment team
• Appointed an additional ESG champion
• Updated Responsible Investment Policy

Climate Goals & Targets

Environmental Challenges

• Improving data quality of Scope 3 GHG emissions
• Managing climate-related risks

Mitigation Strategies

• Better categorising spending to apply emissions factors
• Actively engaging with overseas officers to collect primary data
• Obtaining Renewable Energy Guarantees of Origin
• Established an employee ‘Green Team’
• Published information in line with TCFD recommendations
• Offsetting emissions
• Working with a climate consultant to develop a GHG emissions reduction strategy
• Implementing a “Good Governance” assessment
• Developing a bespoke “ESG Appendix Generator” tool
• Enhanced assessment of Modern Slavery risks
• Updated ‘Universe of ESG Issues’ tool
• Performed climate scenario analysis

Supply Chain Management

Supplier Audits: 27 vendors assessed in 2023

Responsible Procurement

• Vendor cyber security due diligence

Climate-Related Risks & Opportunities

Physical Risks

• Chronic and acute physical risks

Transition Risks

• Policy, legal, technology, market and reputation risks

Reporting Standards

Frameworks Used: TCFD, UN PRI, UK Stewardship Code 2020, SFDR

Certifications: Cyber Essentials Plus

Awards & Recognition

• Preqin’s “Top performing Private Debt Fund Manager”
• Debtwire's "European large-cap Direct Lending fund of the year"