SFDR Principal Adverse Impact (PAI) indicators
discoverIE reports on the Principal Adverse Impact (PAI) indicators to help investors with their reporting for the EU Sustainable Finance Disclosure Regulation (SFDR).
Unless otherwise stated, the data in this table reflects the Group’s performance for 1 January 2023 to 31 December 2023, which is referred to as “CY23”. This is different to the Group’s financial year, which is between 1 April 2023 to 31 March 2024, referred to a “FY24”.
Adverse sustainability indicator
Metric
discoverIE response
Climate and other environment-related indicators
Greenhouse gas emissions
1
GHG emissions
Scope 1 GHG emissions
The Group’s Scope 1 GHG emissions were 1,606 tonnes CO2e in CY23.
See our Sustainability Performance
Scope 2 GHG emissions
The Group’s market-based Scope 2 GHG emissions were 2,820 tonnes CO2e in CY23.
Scope 3 GHG emissions
The Group’s market-based Scope 3 GHG emissions were estimated to be around 197,000 tonnes CO2e in CY23.
Total GHG emissions
The Group’s total GHG emissions were estimated to be approximately 201,000 tonnes CO2e in CY23.
2
Carbon footprint
-
3
GHG intensity of investee companies
The Group’s GHG emission intensity was 449 tonnes CO2e / £1m revenue, which was the total GHG emissions of 201,000 tonnes divided by the Group's revenue of £448.3m in CY23.
4
Exposure to companies active in the fossil fuel sector
Share of investments in companies active in the fossil fuel sector
The Group’s sensing products are used in a variety of heavy equipment, some of which can be used for fossil fuel extraction and transportation. We estimated that <1% of the Group’s revenue was from the fossil fuel sector in FY24.
5
Share of non-renewable energy consumption and production
Share of non-renewable energy consumption and non-renewable energy production of investee companies from non-renewable energy sources compared to renewable energy sources, expressed as a percentage
28% of the Group energy consumption in CY23 was from non-renewable energy sources.
6
Energy consumption intensity per high impact climate sector
Energy consumption in GWh per million EUR of revenue of investee companies, per high impact climate sector
The Group’s energy intensity was 50.4 MWh per £1m revenue in CY23.
discoverIE is classified in the electronic and electrical equipment sector, which is not considered to be a high impact climate sector.
Biodiversity
7
Activities negatively affecting biodiversity sensitive areas
Share of investments in investee companies with sites/operations located in or near to biodiversity sensitive areas where activities of those investee companies negatively affect those areas
Most of our operations/sites are located within industrial zones catered for manufacturing activities. We are working towards assessing the impact of our business footprint on biodiversity, however based on initial assessment we believe our operations have minimal effect on local biodiversity.
Water
8
Emissions to water
Tonnes of emissions to water generated by investee companies per million EUR invested, expressed as a weighted average
The Group does not publish data on emissions to water as it is not material to our business.
Waste
9
Hazardous waste ratio
Tonnes of hazardous waste generated by investee companies per million EUR invested, expressed as weighted average
We are in the process of quantifying the hazardous waste across the Group.
Social and Employee, Respect for Human Rights, Anti-Corruption and Anti-Bribery matters
10
Violation of UN Global Compact (UNGC) principles and Organisation for Economic Cooperation and Development (OECD) Guideline for Multinational Enterprises
Share of investments in investee companies that have been involved in violations of the UNGC principles or OECD Guidelines for Multinational Enterprises
The Group has not violated the UNGC principles or OECD Guidelines for Multinational Enterprises.
11
Lack of processes and compliance mechanisms to monitor compliance with UNGC principles and OECD Guidelines for Multinational Enterprises
Share of investments in investee companies without policies to monitor compliance with the UNGC principles or OECD Guidelines for Multinational Enterprises or grievance / complaints handling mechanisms to address violations of the UNGC principles or OECD Guidelines for Multinational Enterprises
The Group has policies in place that are aligned with the UNGC principles or OECD Guidelines, except where they conflict with local legal requirements or rights.
12
Unadjusted gender pay gap
Average unadjusted gender pay gap of investee companies
The Group does not publish gender pay gap data because neither the Group’s holding company nor any of its operating units meets the reporting requirement threshold.
13
Board gender diversity
Average ratio of female to male board members in investee companies
As at the AGM on 24 July 2023, 43% of the discoverIE Board were female.
14
Exposure to controversial weapons (antipersonnel mines, cluster munitions, chemical weapons and biological weapons)
Share of investments in investee companies involved in the manufacture or selling of controversial weapons
The Group is not involved in the manufacture or selling of controversial weapons. The Group’s exposure to the defence sector was c1% in sales in FY24.
Download here