Strategy outcomes Private Credit Improved data collection Improved data collection Engagement on carbon emissions Engagement on carbon emissions Climate target, and collecting target information Climate target, and collecting target information ESG Champion role expanded ESG Champion role expanded This year’s outcomes Improved data collection Over the past year, the team worked closely with the Sustainability team to better understand the portfolios of the Leasing and Lending businesses through a sustainability lens. This took the form of improved data collection at two critical stages – when new companies joined the portfolio and at the regular annual review period. There was also a focus on improving our approach to data regarding carbon emissions, modern slavery, good jobs (measured through a company paying the living wage) and supporting more women-led businesses. This work is still ongoing, and we continue to work to see improvements with this data, we expect data to be reported across each of these metrics in the next Triple Point ‘Blue Book’ Sustainability report. Engagement on carbon emissions This year, the Private Credit team formed a partnership with a specialist cloud-based carbon accounting tool for clients of Lending and Leasing businesses. The tool integrates with a company’s accounting software to automatically measure emissions and create a carbon footprint. Work is now underway to improve and increase coverage of emission reporting through this automated solution. Climate target, and collecting target information We plan to meet the near-term target set for lending businesses, specifically reducing the portfolio Scope 1 and 2 emissions temperature score from 2.92°C to 2.40°C. We have committed to this goal, with a target to achieve this reduction by 2028, following SBTi target guidance for corporate lending. To achieve this, we’ve started a comprehensive emissions reduction plan. This has included calculating our current temperature score and adding an SBTi target check at the investment stage. We continue to improve this process and make it easier for the lending teams to monitor progress against the target. Rather than imposing blanket lending restrictions, we want to guide our clients towards ambitious yet achievable emissions reduction goals. ESG Champion role expanded To drive ESG integration across all of Triple Point, we established an ESG Champion role in 2023. The role was taken up by a member of the Lending team who has specific sustainability-related responsibilities and is taking the lead on key ESG initiatives within the Private Credit team. Building on this success, we expanded the programme in 2024, appointing ESG Champions to each of our lending teams (Property, Public Sector, Corporate, SME, and Speciality Finance). These champions are now working collaboratively to standardise data collection and implement tailored sustainability strategies. For instance, the Public Sector team launched an updated Carbon Reduction Plan to ensure continued compliance with NHS framework requirements.