- Difficulty in obtaining reliable figures on scope 3 emissions for group companies
- Increased turnover can result in increased CO2 emissions despite efforts to reduce intensity
- Setting the right priorities in materiality mapping and capturing the right data and appropriate assurance methodologies for CSRD
Ackermans & van Haaren (AvH)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Ackermans & van Haaren (AvH) disclosed greenhouse gas emissions of 1.4 million tonnes of CO2 equivalents (Scope 3 emissions - investment portfolio). By scope: Scope 1: 183 tonnes of CO2 equivalents (AvH investment company); Scope 2: 56 tonnes of CO2 equivalents (AvH investment company); Scope 3: 1.4 million tonnes of CO2 equivalents (investment portfolio). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.4 million tonnes of CO2 equivalents (Scope 3 emissions - investment portfolio)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 183 tonnes of CO2 equivalents (AvH investment company) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 56 tonnes of CO2 equivalents (AvH investment company) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.4 million tonnes of CO2 equivalents (investment portfolio) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 1.4 million tonnes of CO2 equivalents (Scope 3 emissions - investment portfolio) |
| 2022 | 1.2 million tonnes of CO2 equivalents (scope 3 emissions linked to investment portfolio) |
| 2020 | 629 tCO2e (AvH headquarters, 2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 61% of portfolio has CO2 ambition and reduction plan for 2030
- 98% of emissions of investment portfolio was SBTi tested
- 27% GHG intensity reduction achieved by DEME by end of 2022
- 10% GHG intensity reduction achieved by SIPEF in 2023
- AvH's own CO2 emissions (scope 1 and 2) decreased by 28% in 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- By 2025, most participations (>80% of AuM) will have defined a CO2 reduction plan for 2030 inspired by the SBTi methodology
📅 Medium-term
- AvH aims to achieve a 30% reduction in its own CO2 emissions (scope 1 and 2) by 2030 (base year 2022)
🔭 Long-term
- DEME aims to attain climate neutrality by 2050
- Sagar Cements aims to attain net zero by 2050
🌱 ESG Focus Areas
Financial resilience and long-term returnResponsible investment policyResponsible ownershipCorporate governanceBusiness ethicsTalent developmentInnovationCO2 emissionsEU Taxonomy