LCM Partners SOLO VII SLP ESG Report August 2024 Final

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As part of LCM’s assessment, Schoeller Allibert confirmed they:

✓ Consider the impact of their business on the environment and seek to minimise any negative effects

✓ Are not active in the fossil fuel sector

✓ Implemented carbon emissions reductions initiatives that are aimed at aligning with the Paris Agreement

✓ Do not have sites located in or near a biodiversity sensitive area where activities have a negative impact on these areas

✓ Are not involved in the manufacture or sale of controversial weapons

In addition, Portfolio 16 has the data available to share the following metrics:

Schoeller Allibert produce an annual sustainability report on their ESG programme which states that reducing greenhouse gas emissions is

one of the most important targets in their sustainability strategy. Schoeller Allibert established a 2020 baseline with the support of South Pole,

a climate advisor headquartered in Switzerland. Schoeller Allibert have released their 2023 GHG emissions data which is their fourth year of

collecting the required information, with continuously improved data collection and granularity.

Due to the energy savings made from operations and an increase in the use of green energy, scope 1 and scope 2 emissions decrease by 79%

compared to the 2020 base year.

In 2023, Schoeller Allibert took the next step in their emission reduction strategy by committing to align their targets with the Science Based Targets

initiative (SBTi). This includes assessing scope 3 emissions separately from scope 1 and scope 2, with their target defined as the following:

“Schoeller Allibert Services B.V. commits to reduce absolute scope 1 and 2 GHG emissions by 90% by 2033 from a 2020 base year. Schoeller

Allibert Services B.V. also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel- and energy-related

activities, upstream transportation and distribution, and business travel by 33% within the same timeframe.”

Good Governance

Case Study: Portfolio 16

Portfolio 16: Schoeller Allibert

Share of non-renewable energy consumption from non-renewable energy sources compared to renewable energy sources,

expressed as a percentage of total energy sources

60%

Share of non-renewable energy production from non-renewable energy sources compared to renewable energy sources,

expressed as a percentage of total energy sources

0%

Emissions to water generated per million EUR

210 m3 / EUR (M)

Tonnes of hazardous waste and radioactive waste generated per million EUR

1.2 t / EUR (M)

CASE STUDY

The benefits of the programme from a waste reduction

perspective are demonstrated by Zero Waste Europe’s

study which compared 32 Life Cycle Assessment Studies to

evaluate the impacts of single-use and reusable packaging,

taking into account production, transport, number of cycles

and end of life. This study finds reusable plastic crates

produce 88% less emissions than single-use cardboard.

Portfolio 16 is our partnership with a European leader in

returnable transport packaging. Under the terms of the

agreement, SOLO is providing financing to support our

partner’s reusable plastic crate rental programme

offering a more sustainable solution for supply chain

logistics than single-use alternatives as these plastic crates

can be repeatedly used for 10-plus years. Indeed, our

partner is seeking to take a market leading position with

regards to sustainability.

Schoeller Allibert target the top of the waste hierarchy,

a concept which is utilised in EU policy and legislation,

through focusing on preventing and reducing waste to

protect people and the environment while also conserving

resources.

Single-use

wooden crate

Single-use

mixed materials

Single-use

cardboard box

REUSABLE PLASTIC CRATES

5%

LESS EMISSIONS

THAN

64%

LESS EMISSIONS

THAN

88%

LESS EMISSIONS

THAN

Preventing waste and reducing

single use packaging

Producing reusable and

repairable packaging

Buy-back and take-back:

100% material recycling

Prevention/Reduction

WASTE HIERARCHY

SCHOELLER ALLIBERT’S

APPROACH

Re-use

Recycling

Recovery

Disposal

CALL ON EU: EMBRACE

REUSABLE PACKAGING

LEAST

PREFERRED

MOST

PREFERRED

Scope 1

4,538 tCO e

2

14,007 tCO e

2

413,962 tCO 2

Scope 2

Scope 3

Total tonnes of CO2e: 432,507

GREENHOUSE GAS EMISSIONS

LCM Partners SOLO VII SLP | ESG Report | 04

Scope 1: Emissions from stationary and mobile combustion and fugitive emissions.

Scope 2: Emissions from purchased electricity, heating and cooling.

Scope 3: Emissions from relevant purchased goods and services, fuel and energy-related

activities, business travel, waste, employee commuting, freight and the use of

sold products.

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