Kempen European High Dividend Fund N.V. N · EURONEXT:KEHDF
Kempen European High Dividend Fund N.V. N — Van Lanschot Kempen — ESG Presentation (February 2024)
26 slides from Kempen European High Dividend Fund N.V. N's sustainability presentation, February 2024
Slide 1: Sustainability
ee February 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 2023 2022 Net result €125.2m €84.3m Underlying net result €130.5m €117.8m CET1 ratio 19.6% 20.6% Cost/income ratio 71.6% 73.1% RoCET1 14.2% 12.3% Total capital ratio 25.3% 26.4% Client assets €145.0bn €124.2bn AuM €127.6bn €107.8bn Loan book €9.2bn €9.4bn (exc
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: How we create value for our stakeholders
How we create value for our stakeholders 7
Slide 8: 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. In order to monitor this, we defined KPIs: • Percentage of employee
Slide 9: 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 10: We develop innovative, sustainable products
We develop innovative, sustainable products Global Impact Pool This five-year-old investment solution is a multi-asset impact fund that aims to achieve market-based financial returns and a measurable, positive impact on society and the environment. This solution was positively rated by BlueMark in A
Slide 11: We are committed to positive change
We are committed to positive change Contributing towards the transition to a sustainable economy 11
Slide 12: 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 13: 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 14: 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 15: 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 16: Our footprint: most impact via AuM
Our footprint: most impact via AuM 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 16
Slide 17: Progress on our non-financial KPIs
Progress on our non-financial KPIs 17
Slide 18: High scores on external ESG ratings
High scores on external ESG ratings Governance: 2 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 19: Our governance structure
Our governance structure Strategy, Sustainability and Corporate Development Team Management Board YA Sustainability Board VA VW Sustainability Investment Green Bond Committee , Council Sustainability & Impact Investing Team #
Slide 20: 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 21: 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 22: 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 23: Appendix
Appendix
Slide 24: Our sustainability journey
Our sustainability journey • Signatory of the Dutch Klimaatakkoord (National Climate Agreement), • VLK main partner of • Groenhypotheek StukjeNatuur • First stakeholder event, external • OECD Responsible Business • Implementation of new assurance CSR report, Conduct implementation Inclusion & Divers
Slide 25: Our carbon footprint
Our carbon footprint See more at: vanlanschotkempen.com/en-nl/about-us/investor-relations/financial-results 25
Slide 26: 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
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