Summary
This document is the Evenlode Portfolio Emissions Report for 2023, which outlines the analysis of financed emissions across Evenlode's investment portfolios. The report details the significant rise in global temperatures and the impact of greenhouse gas emissions on climate change. It emphasizes the necessity for substantial reductions in emissions to mitigate severe climate impacts. The methodology section describes how financed emissions are reported, covering scope 1, 2, and 3 emissions using data from the Carbon Disclosure Project. Results indicate a 32.2% reduction in emissions per £10k invested, attributed to improvements in the global energy mix and enhanced data quality. The report also notes the engagement with emission-intensive companies to drive reductions and improve reporting. Additionally, it discusses the challenges in measuring financed emissions and the importance of ongoing engagement with portfolio companies to achieve net-zero targets. The document aligns with the recommendations of the Taskforce on Climate-related Financial Disclosures for climate-related metrics and targets.
