Environmental

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

Driving the Energy Transition and Sustainable Energy Solutions

Aggreko is a global leading provider of temporary modular power solutions, temperature control and energy services to a broad range of end markets in over 80 countries.

Since TDR’s acquisition in 2021, Aggreko has transitioned from an equipment rental company to an integrated energy solutions provider with a strong focus on sustainable energy solutions partnering with customers to provide alternative energy solutions. Aggreko established the Energy Transition Services business in North America focused on renewable technologies and fleet hybridisation, including solar and battery storage assets, to help customers reduce emissions and improve energy efficiency. A complementary division in Europe and APAC is offering hybrid capabilities to customers focused on lower carbon fuels, renewable technologies and battery energy storage systems. The company has invested significantly to expand its sustainable energy capabilities with 70% of capital investment in 2023 going to products that support the energy transition.

Aggreko has also completed a number of acquisitions to add renewable energy capabilities including the recent acquisition of Resalta, a leader in renewable solutions and energy efficiency in Central and Eastern Europe specialising in solar and biomass power, heat pumps and cooling systems.

In addition, in 2023, Aggreko acquired nine ground-mounted community solar projects in New York State, USA, totalling 59 MW of clean energy capacity. These solar farms are expected to deliver local clean energy and once fully operational, the portfolio is expected to produce enough clean energy annually to avoid over 59,000 tonnes of carbon, or 7,716 homes’ energy use for one year.

We’re working closely with our customers to understand their energy needs, offering flexible and sustainable energy and temperature control solutions through our Greener Upgrades initiative. Greener Upgrades provides customers with the knowledge they need to choose the right solution, balancing energy resilience and cost efficiency with emission reductions.”

Robert Wells, President Europe