6. ESG reporting
and Impact measures
The ESG quality of our directly managed funds and funds of funds is reflected in ESG and impact indicators. To highlight the ESG profile: ■ The portfolio’s ESG score ■ Distribution of ESG ratings within the portfolio and by sector
■ Review of the portfolio’s ESG rating trajectory To highlight environmental performance: ■ Environmental score ■ Green share
■ Carbon intensity, calculated in tons of scopes 1 & 2 carbon emissions per million euros of revenues, review of deviations with indices, detailed contribution per sector and identification of the most contributing issuers or funds
Scope 1
Scope 2
Scope 3
Direct emissions Emissions from fixed or mobile installations located within the organisational perimeter
Indirect emissions from energy use Greenhouse gas emissions incurred by consumption of electricity, heat, steam or artificial cold
Indirect emissions incurred by other stages in a product’s lifecycle Apart from its production alone and which the company can influence but does not benefit from direct control (supply, transport, use, end-of-life, etc.)
Sources: Companies, MSCI ESG Research, Carbon Disclosure Project
Calculation of an issuer’s carbon intensity tons of CO2 emission divided by Revenues (in million)
Calculation of a portfolio’s carbon intensity of n title weight of the title i x carbon intensity of the title i ∑ n i=1
To highlight social performance: ■ Social score ■ Presence of women on the board To highlight governance performance: ■ Governance score
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ESG policy | Rothschild & Co Asset Management Europe
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