Our commitments
We have a duty to our clients to manage risks (the externalities). But we also believe we have a duty to our communities and the planet to be responsible. For this reason we operate our business in line with what both these areas need.
We’re a B Corp and signatories of the UN Principles for Responsible Investing. We’re also part of the HM Treasury’s Women in Finance Charter, Science Based Targets initiative and the Principles of Positive Impact Finance.
B Corporation (B Corp)
Tribe is a certified
B Corporation (B Corp)
Our Science-Based Target – our scope 1, 2 and 3 emissions
Our SBT covers our Scope 1, 2 and 3 emissions. Across Scopes 1,2 and Scope 3 categories 1-14 we aim to reduce our GHG emissions by 70% and 50% against a 2020 baseline by 2030.
Across our Scope 3 Portfolio where the majority of our climate impact lies, we usethree different approaches, a temperate rating, a sector decarbonisation approach (SDA) and a project finance target:
Our targets
- Temperate rating: reduce our Scope 1&2 temperature from 2.71 degrees to 2.29 degrees and reduce our scope 1,2 &3 from 2.89 degrees to 2.39 degrees, by 2027.
- Project finance target: continue to provide electricity generation project finance for only renewable electricity through 2030.
- Sector decarbonisation approach (SDA): reduce real estate portfolio GHG emissions 60% per square metre by 2030 from a 2020 base year.
Our targets apply to 75% of our total investments and lending, as of 2020 assets under management.
In support of our SBT we also measure carbon intensity in our portfolios. Between 2020-2021 and 2023-2024 there has been a 56% reduction in carbon intensity expressed as a tonnes of CO2e / £1m market cap across our portfolios.
Our progress towards net zero can be found in our sustainability report.
Finance for biodiversity pledge
Finance for Biodiversity Pledge (F4B) signatories represent over €23 trillion and 194 financial institutions globally. As signatories to F4B we’ve made a commitment to protect and restore biodiversity through our finance activities and investments by:
- Collaborating and sharing knowledge
- Engaging with companies
- Assessing impact
- Setting targets
- Reporting publicly on the above
We provide updates on our targets and progress in our sustainability report.
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