Kempen European High Dividend Fund N.V. N · EURONEXT:KEHDF
Kempen European High Dividend Fund N.V. N — Van Lanschot Kempen — ESG Presentation (June 2025)
25 slides from Kempen European High Dividend Fund N.V. N's sustainability presentation, June 2025
Slide 1: Sustainability at Van Lanschot Kempen
Sustainability at Van Lanschot Kempen June 2025, Amsterdam
Slide 2: Contents
Contents Van Lanschot Kempen at a glance Diversity in all its forms We are well on track to reach our 2027 financial targets A place people love to work Ethics and integrity We develop innovative, sustainable products Our sustainability journey Active ownership Our sustainability approach Making a d
Slide 3: Van Lanschot Kempen at a glance
Van Lanschot Kempen at a glance Van Lanschot Kempen Specialist, independent Active in private Oldest independent financial institution in wealth manager with a banking, investment the Netherlands (1737) capital-light business management and model investment banking Our purpose Client assets AuM Pres
Slide 4: We are well on track to reach our 2027 financial targets
We are well on track to reach our 2027 financial targets AuM growth Cost/income Return on CET 1 Dividend pay-out CET 1 ratio (Basel ratio capital ratio IV fully loaded)** 17.2% 70.1% 16.2% 88.4% 18.0% Target: 10% Target: 67-70% Target: >18%* Target: 70-90% Target: 17.5% 2023: 18.1% 2023: 71.6% 2023:
Slide 5: Ethics and integrity
Ethics and integrity Constantly maintaining our standards of integrity & ethical behaviour The financial sector is built on trust. A healthy culture and ethical behaviour are needed to sustain this trust with all our stakeholders. To monitor this, we defined KPIs: • Percentage of employees who belie
Slide 6: Our sustainability journey
Our sustainability journey • VLK main partner of StukjeNatuur PRI signatory, member of • Carbon measurement • Implementation of new UN Global Compact, and reporting of AuM • Set up new sustainability Inclusion & Diversity Launch of Kempen carbon measurement and • Climate Action 100+ governance initi
Slide 7: Our sustainability approach
Our sustainability approach At Van Lanschot Kempen, we see sustainability not only as an urgent need, but also an unprecedented opportunity to create value over the long term. Because preserving and creating wealth for generations to come is only possible when we make sure that growth is both profit
Slide 8: Our sustainability beliefs
Our sustainability beliefs Our purpose… …and our ethical principles… …inform our sustainability beliefs To preserve and create wealth for • We are respectful towards • We help our clients navigating our clients and society in a others transitions by collaborating, sustainable way sharing insights, a
Slide 9: Our focus areas
Our focus areas We help our clients navigate the important transitions of our Climate time. We focus our actions on the themes where we believe we can achieve the biggest results based on our scale, activities Limit global warming and specialist knowledge. We aim to protect our clients' assets from
Slide 10: We are committed to become a net-zero wealth manager in 2050
We are committed to become a net-zero wealth manager in 2050 o We've made a commitment to help limit climate change to +1.5 C by the end of this century compared to pre-industrial levels (in accordance with the Paris Climate Agreement). We've set several ambitious targets to help combat climate chan
Slide 11: Achieving our sustainability targets
Achieving our sustainability targets Our people (Social) • Gender balance senior staff: 21.1% (2023: 19.0% target: >30%*) • Corrected gender pay gap: 1.4% (2023: 3.0% target: <2.0%) • Staff turnover: 9.5% (2023: n/a target: 8-12%) • Employee engagement score: 90% (2023: 90% target: >80%) Impact of o
Slide 12: We are committed to positive change
We are committed to positive change Contributing towards the transition to a sustainable economy 12
Slide 13: Diversity in all its forms
Diversity in all its forms Fostering an increasingly diverse organisation Our commitment to inclusion and diversity goes hand in hand with our ambition to positively contribute to a more sustainable and inclusive world • We have established 5 pillars to work towards becoming an inclusive workplace a
Slide 14: A place people love to work
A place people love to work Investing in the well-being, health and connectivity of our staff • Despite the tight labour market, we were able to attract new talent while our retention rate remained strong • We put extra focus towards keeping talents within the company through internal hiring for vac
Slide 15: We develop innovative, sustainable products
We develop innovative, sustainable products Global Impact Pool Our Global Impact Pool contributes to solving global problems around the food, water and climate change, while explicitly targeting a market rate financial return. SDG Farmland Fund This investment solution enables investors to focus on
Slide 16: Active ownership
Active ownership We measure the results of our engagements with milestones In 2024, we achieved 70 engagement milestones across 88 engagements for change highlighting the concrete results our engagement delivered during the year. Milestone 1 Milestone 2 Milestone 3 Milestone 4 Raise concern Company
Slide 17: Making a difference – engagement successes
Making a difference – engagement successes Stepping in the right direction towards a sustainable economy 2024 key figures Engagement examples with individual companies in 2024 We discussed the challenges of measuring 272 biodiversity in detail, collecting data and drawing up science-based metrics. W
Slide 18: Our footprint: most impact via AuM
Our footprint: most impact via AuM 67,832 ktCO2e AuM €149.3bn ~ 99% of impact 269 Balance sheet €17.0bn ktCO2e ~ 1% of impact 2.9 Own organisation 2,018 FTEs ktCO2e ~ 0.1% of impact Note: data per FY2024 18
Slide 19: Progress on our KPIs
Progress on our KPIs KPIs Targets 4. CET 1 ratio (Basel IV fully loaded) 17.5% e 2. Return on CET 4 capital > 18% in 2027, progress ahead of our grawth e path of 1 percentage point per year 3. Cost/income ratio 67-70% © [701% 71.6% 4, Three-year relative performance of our managed | >benchmark @ [1%
Slide 20: High scores on external ESG ratings
High scores on external ESG ratings Governance: 1st decile 2025 7th place in a league table of 51 2024 AA rating 2023 Environment: 3rd decile Dutch companies On a scale of AAA to CCC Social: 3rd decile With 32/40 points on resilience to ESG risks 6th place in league table of 491 2023 B- rating 2024
Slide 21: Our governance structure
Our governance structure • Our actions on sustainability are needed to drive positive environmental and social change while also presenting an Strategy, Sustainability & Corporate Development team opportunity to create long-term value. • To ensure effective delivery on our sustainability goals, as M
Slide 22: Our governance structure
Our governance structure Supervisory Board • Supervises the Management Board • Regularly discusses and receives updates on sustainability topics Management Board • Accountable for the overall sustainability strategy Sustainability Board • Responsible for developing, implementing and embedding our su
Slide 23: Van Lanschot Kempen Foundation
Van Lanschot Kempen Foundation The Van Lanschot Kempen Foundation was established in 2016 as a foundation with a mission to initiate and promote social projects to benefit future generations and to help create a better world. The Foundation uses financial donations and (the time of) volunteers in ad
Slide 24: More information on our websites
More information on our websites Visit vanlanschotkempen.com for: Van Lanschot Kempen Annual Report 2024 including Sustainability Statement Visit vanlanschotkempen.com/investmentmanagement for: Van Lanschot Kempen Investment Management Stewardship Report 2024 Our Global Impact Pool & Farmland Fund 2
Slide 25: Disclaimer and cautionary note on forward-looking statements
Disclaimer and cautionary note on forward-looking statements This document may contain forward-looking The financial data in this document have not been statements and targets on future events and audited. Small differences in tables may be the result developments. These forward-looking statements o