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GCP releases annual sustainability report

SINGAPORE, Sept. 14, 2023 /PRNewswire/ — GLP Capital Partners (“GCP”), a leading global alternative asset manager that focuses on thematic investing across real assets and private equity, has released its inaugural sustainability report, prepared in reference to Global Reporting Initiative (GRI) Universal Standards 2021.

“While this is GCP’s inaugural sustainability report, in many ways, it is a continuation of previous sustainability reports from GLP and reflects our organization’s ongoing commitment to the integration of sustainability into our business and investment practices,” said Alan Yang, Chief Executive Officer of GCP. “We are proud to share the progress made in 2022 including enhancing our responsible investment policy and expanding it to cover our private equity platform as well as our significant investment in data collection and reporting to measure our impact and progress. We look forward to continuing to share the development of our ESG program each year.”

“Last year we refreshed our materiality assessment to consider the evolution of our business as a result of our reorganization,” said Meredith Balenske, Head of Global Sustainability and ESG of GCP. “This materiality review reinforced some of the most critical topics impacting our business globally including greenhouse gas emissions, clean energy, community engagement, biodiversity and health and safety and we added new topics covered in this report.”

Highlights from the 2022 report include:

  • 700 MW renewable energy capacity in our portfolio[1]
  • 463 green building and energy certifications achieved
  • 18 funds participated in GRESB
  • Joined the UN Global Compact
  • Completed first climate risk assessment and scenario analysis exercise
  • Communicated anti-corruption policies to 100% of employees
  • $1.6M donated to charitable organizations or through our foundation
  • 5,512 learning and development training session conducted covering diversity and inclusion, ethics, health and safety and cybersecurity

In 2022, GCP embarked on an exercise to identify the potential climate risks, opportunities and impact of NGFS[2] Net Zero 2050 and NGFS Current Policies scenarios on its business, providing a baseline for further analysis and disclosures. It also launched OneESG, its data management system to collect data and track ESG performance across its real estate assets and added sector specific screening toolkits for its private equity investments to enhance ESG due diligence.

The complete report is available online here. For more information on GCP’s ESG and sustainability efforts, visit: https://gcp.com/responsible-investing/

About GLP Capital Partners

GLP Capital Partners (“GCP”) is a leading global alternative asset manager that focuses on thematic investing across real assets and private equity. With $124 billion in total assets under management across 55 funds as of 30 June 2023, GCP has a strong history of leadership in high-growth Asian markets and a track record of success at scale in the US, Europe and Brazil. GCP is the exclusive investment and asset manager of GLP Pte Ltd. To learn more about GCP, visit www.gcp.com.

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or elsewhere. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”). Securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GCP or its subsidiaries. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GCP or its officers with respect to various matters. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” “intends” “foresees,” “estimates,” “projects,” and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GCP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GCP’s assumptions are correct.

[1] Includes installed solar and wind capacity directly or indirectly controlled, managed or owned by GLP and does not include purchased renewable energy

[2] The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) partnered with an expert group of climate scientists and economists to design a set of hypothetical scenarios to demonstrate how climate change (physical risk) and climate policy and technology trends (transition risk) could evolve in different futures. https://www.ngfs.net/ngfs-scenarios-portal/

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