Perennial Partners is proud to share that it has been certified as carbon neutral for its business operations for the FY23 period by Climate Active, in partnership with Path Zero. The firm first achieved this government backed standard in FY22, and first achieved operational carbon-neutral status in FY21.
Perennial Partners is committed to reducing its carbon footprint and believes that achieving operational carbon neutrality will help to facilitate a better future and the transition towards a low-carbon economy. We are pleased to provide transparency in our operational carbon footprint from a corporate perspective, and regularly encourage portfolio companies across all Perennial Partners funds to publish climate-related disclosures.
In FY23, Perennial Partners undertook various initiatives to reduce our emissions footprint. This includes amending our travel policy to require that carbon offsets are purchased at the point of purchase for all corporate flights and encouraging staff to avoid non-urgent business travel to minimise avoidable carbon emissions. Furthermore, Perennial Partners also sought to decrease its emissions in its supply chain through engaging with suppliers and vendors on their emissions footprint. The annual vendor questionnaire was updated to include ESG & sustainability questions, to allow us to strengthen our understanding of the GHG emissions in our supply chain, our suppliers’ approach to reducing their emissions footprint, and ultimately, inform our decision making when reviewing our partnerships with suppliers.
Perennial Partners has purchased Australian Carbon Credit Units (ACCUs) to offset its emissions profile for the FY23 period. The ACCUs are associated with the Biodiverse Carbon Conversation Project in Western Australia. This project establishes permanent plantings of a mix of native tree species on land that was predominantly used for agricultural purposes for at least five years prior to project commencement. The tree species are native to the local area.
Emission Reduction Strategy
Based on current emissions calculation methodology and stable business outcomes, Perennial Partners will target a 40% reduction in total emissions across the value chain (scopes 1, 2 and 3) by 2030, from a 2021 base year.
Perennial Partner’s emissions reduction strategy seeks to minimise the firm’s operational carbon footprint, with a focus on our 6 largest emissions sources. Implementation of the emissions reduction strategy will be overseen by the Perennial Partners Sustainability Team, with members of the internal Sustainability Working Group across allocated specific deliverables.
Further details about our emissions strategy can be located on the Perennial Partners Climate Active profile here.
