GCP Publishes Annual Sustainability Report
GLP Capital Partners (GCP), a renowned global alternative asset manager specialising in thematic investments within real assets and private equity, has unveiled its inaugural sustainability report.
This comprehensive document has been meticulously prepared in accordance with the Global Reporting Initiative (GRI) Universal Standards of 2021.
In the words of Alan Yang, the Chief Executive Officer of GCP, "While this marks GCP's debut in sustainability reporting, it seamlessly builds upon the legacy of previous sustainability reports by GLP. It underscores our unwavering dedication to infusing sustainability principles into every facet of our business and investment strategies.
"We take immense pride in sharing the strides we made in 2022, including bolstering our responsible investment policy, which now encompasses both our private equity portfolio and a substantial investment in data collection and reporting to gauge our impact and progress. Our commitment is to consistently update and share the evolution of our ESG program each year."
Meredith Balenske, Head of Global Sustainability and ESG at GCP, further emphasised, "In the previous year, we revisited our materiality assessment, adapting it to reflect the changes resulting from our organisational restructuring. This reevaluation reaffirmed the paramount significance of several key areas influencing our global operations, encompassing greenhouse gas emissions, clean energy adoption, community engagement, biodiversity preservation, and health and safety. Additionally, we've introduced new focal points featured within this report."
Key highlights from the 2022 report include:
A substantial 700 MW of renewable energy capacity incorporated into the portfolio.
A remarkable achievement of 463 green building and energy certifications.
Participation of 18 funds in the Global ESG Benchmark for Real Assets (GRESB).
Commitment to the UN Global Compact.
Successful completion of initial climate risk assessment and scenario analysis.
Dissemination of anti-corruption policies to all of its employees.
A generous donation of $1.6 million to charitable organisations and through its foundation.
An impressive 5,512 learning and development training sessions, encompassing topics such as diversity and inclusion, ethics, health and safety, and cybersecurity.
In 2022, GCP embarked on a critical endeavour to assess potential climate risks, opportunities, and the impact of NGFS Net Zero 2050 and NGFS Current Policies scenarios on its operations.
This served as a foundational step for further analysis and disclosures. Furthermore, GCP introduced OneESG, a robust data management system designed to collect and monitor ESG performance across its real estate assets. Sector-specific screening toolkits were also integrated into the due diligence process for private equity investments, elevating the ESG focus in this domain.
The complete report is readily accessible here. To gain deeper insights into GCP's ongoing commitment to ESG and sustainability, visit here.
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Source: GCP
