TDR recognises that it is incumbent on all businesses to address the risks associated with climate change, above and beyond regulatory compliance, to support the aim of limiting global warming to 1.5 degrees Celsius. Developing an understanding of both physical and transitional risks across our portfolio will be an ongoing focus of our activities.

Through our quarterly and annual reporting requirements and regular portfolio company engagement, we also monitor and prioritise resource efficiency savings and opportunities for companies to engage with customers in providing access to services and products which promote more sustainable lifestyles.

We work with a climate advisory firm to identify untapped low carbon opportunities across our portfolio. This is helping to establish detailed climate analytics for us to better understand climate risks and opportunities within our portfolio and begin to prioritise sizeable opportunities to accelerate the transition to net zero. This will be an ongoing focus of our ESG programme of activity.

In addition to the support we provide to portfolio companies, we also take an active role in the management of our own environmental impacts. We annually track and reduce our own carbon emissions and compensate for any unavoidable emissions. We have moved to a renewable energy supply for our London office and offset remaining emissions through an afforestation project located in Ayrshire, Scotland.

Our partnerships

Hurtigruten - the world’s first hybrid-powered expedition ships

Founded in in 1893, Hurtigruten is a leading provider of cruise-based adventure tourism, with its 15 ships visiting destinations in Antarctica, the Artic circle, Galapagos and everywhere in between.

In summer 2019, Hurtigruten launched the world’s first hybrid-powered passenger cruise ship, MS Roald Amundsen. This state-of-the-art vessel features new and environmentally sustainable hybrid technology that will reduce fuel consumption and CO2 emissions. The second hybrid-powered ship, MS Fridtjof Nansen was delivered in early 2020.

Hurtigruten is now in the process of converting four older vessels to hybrid propulsion. The technology, in combination with the construction of the hull and effective use of electricity on board, will reduce emissions from the ships by over 20%.

Hurtigruten also has an education programme for guests, with the aim to transform them into ambassadors after every voyage through active engagement in the culture’s visited, the ecosystems explored, and the consequences of climate change.

These ground-breaking expedition ships will revolutionise adventure travel at sea. We are combining Hurtigruten’s more than 120-year know-how with cutting-edge technology and design, and a strong commitment to sustainability, to offer the modern-day adventure traveller an unprecedented experience.”

Daniel Skjeldam, CEO Hurtigruten