Kempen European High Dividend Fund N.V. N · EURONEXT:KEHDF
Kempen European High Dividend Fund N.V. N — Van Lanschot Kempen — ESG Presentation (August 2024)
26 slides from Kempen European High Dividend Fund N.V. N's sustainability presentation, August 2024
Slide 1: Sustainability
ee August 2024 Sustainability
Slide 2: Van Lanschot Kempen at a glance
Van Lanschot Kempen at a glance We are an independent, specialist wealth manager with the aim to preserve and create wealth for our clients and for society in a sustainable way We focus on private clients, wholesale and institutional clients, and investment banking clients Our core activities are pr
Slide 3: Solid performance on all key financials
Solid performance on all key financials H1 2024 H1 2023 Operating income €359.6m €315.7m Net result €74.5m €51.8m Underlying net result €78.4m €54.7m CET1 ratio 18.8% 19.6% Cost/income ratio 69.0% 74.5% RoCET1 17.0% 11.4% Client assets €156.8bn €130.8bn AuM €139.3bn €115.2bn Loan book €9.2bn €9.2bn
Slide 4: 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 5: Our sustainability beliefs
Our sustainability beliefs Sustainability is embedded in the solutions we offer, because we believe that Our clients the wealth we build or preserve for our clients today will only retain its real value in a sustainable future world We believe that talented, vital and impactful people want to work f
Slide 6: Our focus areas
Our focus areas Energy Food transition transition Limiting climate change and biodiversity Improving health and well-being so loss people can live better for longer 6
Slide 7: Ethics and integrity
Ethics and integrity Constantly maintaining our standards of integrity and 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 bel
Slide 8: We are committed to becoming a net-zero wealth manager by 2050
We are committed to becoming a net-zero wealth manager by 2050 o We've made a commitment to help limit climate change to +1.5 C. For our own operations, we aim to be carbon neutral by 2030 (while offsetting the hard to abate emissions); and for our AuM, we aim to be carbon neutral by 2050. To this e
Slide 9: 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 10: We are committed to positive change
We are committed to positive change Contributing towards the transition to a sustainable economy 10
Slide 11: 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 12: 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 13: Active ownership
Active ownership Through our engagements, we seek to encourage positive change at companies We believe in active portfolio management. To ensure the impact and success rate of our efforts, we set clear goals and timeframes to move further with engagements. To encourage sustainable and responsible pr
Slide 14: Making a difference – engagement successes
Making a difference – engagement successes Stepping in the right direction towards a sustainable economy We proactively enter company dialogues on doing things better: 2023 key numbers: • In 2023, one engagement was with global sports brand Nike: we collaborated with other investors in co-signing a
Slide 15: Our footprint: most impact via AuM
Our footprint: most impact via AuM FY 2023 data 4.0 million tonnes CO2* AuM €127.6bn ~ 99% of impact 66,288 Balance sheet tonnes CO2 €16.8bn ~ 1% of impact 2,789 tonnes Own organisation CO2 1,904 FTEs ~ 0.1% of impact * based on coverage of 53% of AuM at year-end 2023 15
Slide 16: Progress on our non-financial KPIs
Progress on our non-financial KPIs Capital KPI Target H1 2024 2023 1 CET1 ratio Basel IV fully loaded 17.5% 18.5% 19.6%1 2 Financial capital 2 Return on equity (CET1) >18% 17.0% 14.2% 3 Cost/income ratio 67-70% 69.0% 71.6% Manufactured capital 4 Performance managed propositions vs their be
Slide 17: High scores on external ESG ratings
High scores on external ESG ratings Governance: 1 B- rating Lower governance risk = 1 On a scale of A+ to D- Higher governance risk = 10 ISS ESG Corporate Rating 6th place in league table of AA rating 491 entrants On a scale of AAA to CCC on resilience to ESG risks 11st place in a league table 4 and
Slide 18: Our governance structure
Our governance structure Strategy, Sustainability and Corporate Development Team Management Board Sustainability Board Sustainability Investment Green Bond Committee Counsel Sustainability & Impact Investing Team 18
Slide 19: 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 20: Van Lanschot Kempen Foundation
Van Lanschot Kempen Foundation Initiating and promoting community projects for a better world for future generations • The Foundation is a charity that draws on its own financial resources, on donations, knowledge and volunteering time (sometimes during business hours) of Van Lanschot Kempen colleag
Slide 21: More information on our websites
11 May 2022 More information on our websites Visit vanlanschotkempen.com for: • Annual report 2023 • Sustainability supplement 2023 • GRI content index table Visit vanlanschotkempen.com/investmentmanagement for: • Kempen Annual Stewardship & Sustainable Investment Report • Our new Alternative Invest
Slide 22: Appendix
VAN LANSCHOT KEMPEN Appendix
Slide 23: Our sustainability journey
Our sustainability journey • Signatory of the Dutch Klimaatakkoord (National Climate Agreement), • Groenhypotheek • VLK main partner of First stakeholder event, external • OECD Responsible Business StukjeNatuur assurance CSR report, Conduct implementation • Implementation of new materiality matrix i
Slide 24: Our carbon footprint
Our carbon footprint See more at: vanlanschotkempen.com/en-nl/about-us/investor-relations/financial-results 24
Slide 25: Carbon reduction in own organisation
Carbon reduction in own organisation • Ambitious annual carbon footprint reduction target for our own organisation (2023: -7% per FTE, as of 2024: -8% per FTE) • Relatively low carbon footprint in the years 2020 and 2021 partly reflect the impact of the pandemic-related measures implemented, as carb
Slide 26: Disclaimer
Disclaimer Disclaimer and cautionary note on forward-looking statements This document may contain forward-looking statements and targets on future events and developments. These forward-looking statements and targets are based on the current insights, information and assumptions of Van Lanschot Kemp