This Executive Summary introduces the Régia 2024 Climate and Biodiversity Report, the company’s first integrated report on the topic.

This Report is prepared in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Taskforce on Nature-related Financial Disclosures (TNFD) and offers a snapshot of the impact of climate and biodiversity on Régia’s activities.

Régia looks for the alignment of its actions with the Global Biodiversity Framework targets, offering transparency on the dual materiality assessment of its activities in relation to climate and nature.

Régia Capital is an asset management firm conceived from a strategic partnership between JGP Asset Management, a traditional independent asset manager with 25 years of successful track record and BB Asset, an asset manager leader in Brazil with over R$1.7 trillion under management connected with Banco do Brasil, classified as the most sustainable bank at the Corporate Knights’ Global 100 ranking.

Régia’s mission is to enable sustainable investment solutions that contribute to the transition of new low carbon economy. Régia is one of the few asset managers from the global south that is a signatory of key international coalitions focused on climate and nature, such as IPDD, Climate Action 100+, FSDA, IFACC, Finance for Biodiversity Pledge, PRI Spring, and FAIRR.

Some of our climate and nature-related commitments and results:
• Net Zero and Carbon Footprint: Régia aims to achieve net zero by 2040, and an interim target of halving its GHG emissions by 2030 (Base year target 2024). The Report presents Régia’s first greenhouse gas inventory, covering both the operational emissions of our team and the financed emissions associated with our portfolio. The portfolio emissions intensity is 37.33 tCO₂e / R$ million (Scopes 1+2) and 63.61 tCO₂e / R$ million (Scopes 1+2+3).

• Deforestation and Biodiversity: Régia is committed to eliminating deforestation, land conversion, and human rights abuses driven by agricultural and forestry commodities within its portfolio. The portfolio demonstrates that 83% of assets are allocated to companies free from deforestation risk and zero land use change controversies. None of the companies are involved in land use change controversies.

• Engagements: Régia conducted 58 engagements on climate and biodiversity topics with 48 companies and entities. The main engagement theme was deforestation.

The Report also demonstrates the integration of climate and nature factors into Régia’s decision-making processes, through the analysis of risks and opportunities and the application of the TNFD’s LEAP approach (Locate, Evaluate, Assess, and Prepare) for the identification and assessment of nature-related issues.

The document is the result of a collective effort and intended to detail Régia’s actions to drive the positive transformation of businesses toward a green and low-carbon economy.