Environmental Sustainability Statement

The Telldar Holdings Company and its affiliated entities (collectively, "Telldar," "we," "us," or "our") recognise that environmental sustainability is integral to responsible corporate citizenship, long-term value creation, and the wellbeing of communities and ecosystems worldwide. We are committed to conducting our operations in a manner that minimises adverse environmental impacts while supporting the transition to a more sustainable global economy.

This Environmental Sustainability Statement outlines our approach to environmental management, our commitments to sustainability, and the frameworks that guide our actions. It reflects our understanding that businesses have a critical role to play in addressing global environmental challenges, including climate change, biodiversity loss, resource depletion, and pollution.

This Statement is prepared in accordance with applicable regulatory frameworks including the EU Corporate Sustainability Reporting Directive (CSRD), the UK's Streamlined Energy and Carbon Reporting (SECR) requirements, and other relevant disclosure obligations. It should be read in conjunction with our other public disclosures and reports on sustainability matters.

2.1 Board Oversight

Environmental sustainability governance is integrated into our broader corporate governance framework. The Board of Directors maintains ultimate oversight of sustainability matters, including climate-related risks and opportunities, through its designated committee structures. The Board receives regular reporting on environmental performance, progress toward stated objectives, and material developments in sustainability-related matters.

The Board's responsibilities for sustainability include:

2.2 Management Responsibility

Senior management is responsible for implementing our environmental strategy and embedding sustainability considerations into operational decision-making processes. Day-to-day management of sustainability matters is coordinated through our dedicated sustainability function, which works across business units to drive implementation of our commitments.

Management responsibilities include:

2.3 Policies and Management Systems

We maintain documented policies, procedures, and management systems to support effective environmental governance. These are reviewed periodically to ensure continued alignment with evolving regulatory requirements, stakeholder expectations, and best practices in corporate sustainability management.

Our environmental management approach is informed by recognised standards and frameworks, including ISO 14001 (Environmental Management Systems), and we apply appropriate elements of these frameworks proportionate to our activities and risk profile.

3.1 Guiding Frameworks

Our sustainability strategy is aligned with internationally recognised frameworks and standards, including:

3.2 Materiality Assessment

We conduct periodic materiality assessments to identify the environmental and sustainability topics that are most significant to our business and stakeholders. These assessments consider the actual and potential impacts of our activities on the environment, as well as the environmental risks and opportunities that may affect our business performance.

Material topics identified through this process inform our sustainability priorities, target- setting, and disclosure practices. We engage with stakeholders across our value chain in identifying material topics and developing appropriate responses.

4.1 Climate Commitment

Telldar acknowledges the scientific consensus on climate change, as established by the Intergovernmental Panel on Climate Change (IPCC), and the need for urgent action to limit global temperature rise in line with the Paris Agreement objectives. We are committed to playing our part in the transition to a net-zero carbon economy.

Our climate strategy addresses both the physical and transition risks associated with climate change, as well as the opportunities arising from the shift toward a low-carbon economy. We seek to build resilience in our business while contributing to broader efforts to address climate change.

4.2 Climate Risk Assessment

We assess climate-related risks and opportunities as part of our enterprise risk management processes. This assessment encompasses:

4.3 Scenario Analysis

We use climate scenario analysis to understand the potential implications of different climate pathways for our business. Our scenario analysis considers multiple scenarios, including those aligned with limiting warming to 1.5°C and 2°C above pre-industrial levels, as well as higher warming scenarios that may occur if global efforts to reduce emissions are insufficient.

The results of our scenario analysis inform our strategy, risk management, and capital allocation decisions.

5.1 Greenhouse Gas Emissions

We monitor and report our greenhouse gas (GHG) emissions across Scope 1, Scope 2, and material Scope 3 categories in accordance with the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard. Our emissions inventory includes:

5.2 Emissions Reduction Strategy

Our emissions reduction strategy focuses on:

5.3 Emissions Targets

We have established targets for emissions reduction consistent with climate science and stakeholder expectations. Progress toward these targets is monitored through our environmental management systems and reported through appropriate channels including our annual sustainability disclosures.

Our targets cover our operational emissions (Scope 1 and 2) and material Scope 3 categories. We review and update our targets periodically to ensure they remain ambitious and aligned with the latest climate science.

5.4 Carbon Offsetting

While our primary focus is on reducing emissions at source, we may use carbon offsetting to address residual emissions that cannot be eliminated through direct action. Where we use offsets, we prioritise high-quality, verified offsets that deliver genuine, additional, and permanent emissions reductions or removals.

6.1 Resource Efficiency

Telldar is committed to the efficient use of natural resources and the minimisation of waste across our operations. We apply circular economy principles where practicable, seeking to reduce resource consumption, extend product lifecycles, and maximise the recovery and recycling of materials.

Our approach to resource management encompasses:

6.2 Water Stewardship

We recognise the importance of water as a vital shared resource and are committed to responsible water stewardship. We monitor our water consumption and seek to reduce water use through efficiency measures. Where our operations are located in water-stressed areas, we pay particular attention to water management and engage with local stakeholders on water-related issues.

6.3 Sustainable Procurement

Our procurement practices incorporate environmental criteria alongside quality, cost, and other considerations. We engage with suppliers to promote sustainable practices throughout our supply chain and encourage suppliers to adopt environmental management practices consistent with our own standards.

7.1 Biodiversity Commitment

We recognise the importance of biodiversity and ecosystem services to environmental sustainability, human wellbeing, and economic prosperity. The accelerating loss of biodiversity represents a significant global risk that requires action from all sectors of society, including business.

Telldar is committed to understanding and managing our impacts on biodiversity and natural capital, and to contributing to conservation efforts where appropriate. We support the goals of the UN Convention on Biological Diversity and the Kunming-Montreal Global Biodiversity Framework.

7.2 Mitigation Hierarchy

We apply the mitigation hierarchy in managing our impacts on biodiversity, seeking first to avoid impacts where possible, then to minimise unavoidable impacts, and finally to restore or offset residual impacts where appropriate. This approach guides our decision-making in activities that may affect biodiversity and ecosystems.

7.3 Nature-Related Risk Assessment

We assess biodiversity risks and dependencies in connection with our operations and seek to avoid, minimise, and where necessary mitigate adverse impacts on ecosystems and species. We monitor developments in nature-related disclosure frameworks, including the Taskforce on Nature-related Financial Disclosures (TNFD), and will enhance our nature-related disclosures as these frameworks mature.

8.1 Pollution Prevention

We are committed to preventing pollution and minimising the release of harmful substances to air, water, and land. We maintain appropriate controls and procedures to prevent spills, leaks, and other releases that could harm the environment.

8.2 Environmental Compliance

We comply with all applicable environmental laws, regulations, and permit requirements in the jurisdictions where we operate. We maintain systems to monitor compliance and address any non-compliance promptly. We report on our environmental compliance status through appropriate channels.

8.3 Environmental Due Diligence

Environmental due diligence is incorporated into our processes for acquisitions, investments, and major capital projects. This helps us identify and assess environmental risks and liabilities before we commit to transactions or projects.

9.1 Taxonomy Regulation

In accordance with the EU Taxonomy Regulation (Regulation (EU) 2020/852), we assess and disclose the proportion of our economic activities that qualify as environmentally sustainable based on the technical screening criteria established for the six environmental objectives:

9.2 Eligibility and Alignment Assessment

We assess our economic activities against the taxonomy eligibility and alignment criteria, including the requirement that activities make a substantial contribution to at least one environmental objective, do no significant harm to the other objectives, and comply with minimum social safeguards.

Our taxonomy-related disclosures are prepared in accordance with applicable delegated acts and regulatory guidance, and are subject to appropriate review processes. We continue to monitor developments in taxonomy-related requirements and refine our assessment methodologies accordingly.

10.1 Integration of Sustainability in Investment

We integrate environmental, social, and governance (ESG) considerations into our investment decision-making processes. This integration reflects our belief that sustainability factors can affect long-term investment performance and that investors have a role to play in supporting the transition to a more sustainable economy.

10.2 Climate Considerations in Investment

Climate considerations are integrated into our investment analysis and decision-making. We assess climate-related risks and opportunities in evaluating investments and engage with portfolio companies on climate-related matters where appropriate.

10.3 Sustainable Finance Products

We support the development of sustainable finance products and services that channel capital toward environmentally beneficial activities. We comply with applicable sustainable finance regulations and disclosure requirements, including those established under the EU Sustainable Finance Disclosure Regulation (SFDR) where applicable.

11.1 Engagement Approach

We engage with a broad range of stakeholders on environmental sustainability matters, including investors, clients, employees, suppliers, regulators, civil society organisations, and local communities. This engagement informs our understanding of material environmental topics, stakeholder expectations, and emerging sustainability trends.

11.2 Industry Collaboration

We participate in industry initiatives and collaborative platforms that advance environmental sustainability objectives. We believe that collective action is essential to address systemic environmental challenges and that industry collaboration can accelerate progress toward sustainability goals.

11.3 Transparency and Reporting

We are committed to transparency in our environmental reporting and provide disclosures on our environmental performance, climate strategy, and sustainability initiatives through our annual reports, sustainability disclosures, and other public communications.

We recognise that achieving our environmental objectives requires the engagement and commitment of our employees. We provide training and awareness programmes to help employees understand environmental issues and their role in supporting our sustainability goals.

We encourage employees to contribute ideas for environmental improvement and provide channels for employees to raise environmental concerns. Employee engagement in sustainability is supported through internal communications, events, and recognition programmes.

Environmental sustainability is an evolving discipline, and we are committed to continuous improvement in our environmental performance and the quality of our sustainability disclosures. We monitor developments in environmental science, regulation, and best practice, and adapt our approach accordingly.

Feedback from stakeholders is welcomed and considered in the ongoing development of our sustainability strategy. We regularly review our environmental policies, targets, and performance to identify opportunities for improvement.

If you have questions about our environmental sustainability practices or this Statement, please contact us:

Sustainability Team
The Telldar Holdings Company
Email: Available upon request
Address: Available upon request

We may update this Environmental Sustainability Statement from time to time to reflect changes in our sustainability practices, regulatory requirements, or other circumstances. Material updates will be posted on this page with an updated revision date.

We encourage you to review this Statement periodically to stay informed about our environmental sustainability commitments and progress.