ANTIN // 2021 Universal Registration Document
SUSTAINABILITY 4 Responsible company approach
4.4 RESPONSIBLE COMPANY APPROACH
4.4.1 Introduction
could impact Antin’s reputation and its ability to create value, raise capital, and attract and retain talent. Policy and strategy To achieve its climate change mitigation and adaptation goals and manage related risks properly, Antin has implemented several projects and is developing a number of others. At corporate level Antin measures the annual greenhouse gas (GHG) emissions associated with its business activities since 2019, which has allowed it to establish a baseline and identify its main sources of emissions. Given its activities, business travel is one of Antin’s main GHG emission sources. To reduce its emissions, Antin has therefore developed sustainable travel guidelines aimed at reducing the frequency of business travel and prioritising carbon-efficient modes of transport. These guidelines are expected to be rolled out in 2022, after being revised to reflect Covid-19-related impacts. Antin is additionally looking into further actions to reduce corporate-level GHG emissions and aims to informall employees on material climate change-related topics by rolling out a Group-wide webinar on this subject in 2022. To complement its emissions reduction efforts and address residual emissions, Antin has engaged in an initiative to finance a reforestation project in partnership with PUR Projet – an organisation specialised in nature-based solutions that regenerate ecosystems. Under this partnership, Antin has committed to fund the planting of trees for each tonne of CO 2 equivalent emitted by its activities between 2019 and the end of 2023. This project is expected to increase local climate change resilience while supporting local farmers in increasing yields and quality, and will be certified for carbon credits under the Verified Carbon Standard (VCS) Programme. At portfolio level Antin is conscious that its biggest climate change-related impacts lie within its portfolio. Therefore, it considers climate change risks and opportunities for all its portfolio companies, from acquisition through to exit. 3 During the acquisition process, Antin assesses the risks that climate change could pose to a target company’s business as well as the opportunities it could potentially offer. If climate change is found to be highly material for a target company, further due diligence is performed to assess its performance in addressing climate change-related risks ( e.g. changing regulations and carbon pricing mechanisms, technical hazards, sea-level rise, extreme weather events, etc.) and/or opportunities ( e.g. reducing energy costs frommore energy efficient technologies, etc.). The results of this analysis are always documented, and anything material with strategic implications for the target company is communicated to the Investment Committee for consideration before it makes an investment decision. 3 Post-closing, climate change is covered in ESG materiality assessments Antin performs for all its new portfolio companies. When climate change is assessed as highly material for a new portfolio company, Antin performs an in-depth review of the policies and procedures it has in place to address climate change-related risks and opportunities, and/or reduce the carbon emissions associated with its business activities. The results of this review are then used to identify key areas of progress within the portfolio company, and to establish a bespoke carbon reduction and/or climate change adaptation roadmap.
Antin’s responsible company approach Antin aims to act as a responsible company and practice strong sustainability leadership through demonstrable and dedicated corporate-level ESG performance. Antin strives to do this by improving the ESG impacts of its corporate activities via a robust approach to corporate sustainability and social responsibility. Antin’s responsible company goals Through its corporate-level ESGmateriality assessment exercise, Antin has identified concrete, measurable goals – described in this Section – to formalise and quantify its ambitions as a responsible company while properly addressing main identified risks, namely: 3 supporting the global net zero transition by actively reducing corporate and portfolio emissions (please refer to 4.4.2 “Supporting the global net zero transition” ); 3 protecting and preserving biodiversity in areas where Antin and its portfolio companies operate (please refer to 4.4.3 “Protecting and preserving biodiversity” ); 3 promoting employee wellbeing and satisfaction, diversity, equity and inclusion, and career development across operations (please refer to 4.4.4 “Promoting employee wellbeing and satisfaction, diversity, equity and inclusion, and career development across operations” ); 3 exemplifying corporate citizenship by supporting local communities and promoting responsible investment in the financial industry (please refer to 4.4.5 “Exemplifying corporate citizenship” ); 3 upholding the highest business ethics and corporate governance standards across operations (please refer to 4.4.6 “Upholding the highest business ethics and corporate governance standards” ); 3 actively enforcing the incorporation of ESG principles throughout the investment cycle (please refer to 4.5 “Responsible investor approach” ). 4.4.2 Supporting the global net zero transition Description Antin aims to support the global transition to a net zero economy by actively developing and implementing climate change mitigation and adaptation strategies that are in line with the Paris Agreement long-term temperature goals, at both corporate and portfolio levels. Risks and opportunities Climate change mitigation and adaptation are of growing importance to a variety of stakeholders, who increasingly scrutinize unnecessary or excessive carbon emissions and the potential impacts of changing weather patterns. As a private equity infrastructure investor, Antin will be progressively expected to implement coherent carbon reduction plans and climate change adaptation strategies at both corporate and portfolio levels. Failure to do so could result in excess operational costs, business strategy non-viability, and non-compliance with applicable laws and regulations, among other risks. These risks
96 ANTIN INFRASTRUCTURE PARTNERS S.A. - UNIVERSAL REGISTRATION DOCUMENT 2021
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