IRSA

IRSA has not set any emissions reduction targets. The company should introduce targets to cover emissions from its operations and value chain. The company should ensure that these targets align with its 1.5°C pathway. Furthermore, the company should set regularly spaced intermediate targets at no more than five years gaps to incentivise near-term action.

There is no evidence that IRSA has a low-carbon transition plan. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. This should include medium and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. The plan should be informed by scenario analysis to ensure that the plan’s ambition is sufficient for a 1.5°C pathway.

IRSA does not disclose the expected in-use emissions intensity data, or sufficient floor area for the buildings it developed in 2021 or previous years. As a result, it is not possible to provide a meaningful assessment of the company’s past emissions trend or projected future performance. IRSA also does not quantify commitments to perform renovations for clients to significantly reduce the emissions intensity of existing buildings.

IRSA has no strategy or initiatives to drive emissions reduction in its supply chain. The company can improve its performance by integrating emissions reduction requirements into its engagement with suppliers. The company can go further by encouraging suppliers to set science-based targets and developing joint low-carbon research and development (R&D) projects.

IRSA has not set emissions reduction targets, nor any other quantified measures of success. The company has not developed a vision of what its business will look like in a low-carbon future. There are no examples of the company exploring low-carbon business models.

IRSA does not have a transition plan and there is no evidence that it intends to develop one in the short term. IRSA has not conducted a climate change scenario analysis. The company’s sustainability report is limited to linking its energy efficiency measures to the UN sustainable development goals.

The company’s actions are limited to achieving LEED certifications in its managed and delivered buildings as part of its energy efficiency strategy. By the end of 2022, the company expected to have 60% of its office portfolio certified.

The company does not disclose emissions intensity or future renovation data. There is no evidence that the company is investing in R&D of low-carbon technologies, and its actions are restricted to energy efficiency efforts.

IRSA does not have an environmental strategy that is aligned with a low-carbon transition. The company has not published a transition plan or set emissions reduction targets. There is little evidence that the company has integrated climate change into its business model.

No evidence was found that IRSA commits to social dialogue or engages with the categories of stakeholders t on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders.

No evidence was found that the company undertakes low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found that the company actions to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found that the company assesses employment dislocation risks.

No public commitment by the company was found stating its intention to re- and up-skill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company re- and up-skills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if IRSA identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.

No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

No policies or commitments are available to display that IRSA relates to respect for human rights was found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain. However, the company has a grievance mechanism available to workers and external stakeholders.

No evidence that the company has policies or commitments related to key decent work issues was found in the public domain. These issues include the provision of secure, safe and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making. The company does however discloses some indicators of workforce diversity, including age of their workforce.

No policies or commitments from IRSA were found in the public domain related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.