Leading private equity investors join climate disclosure and engagement drive
Seven private equity investors have joined forces to create the 'first' international network under the Initiative Climat International
A group of seven leading private equity investors have pledged to actively engage with companies they invest in, so as to encourage carbon reduction and incorporate climate risk management into decision making, in a move spearheaded by the Principles for Responsible Investment (PRI).
The seven investors have joined forces to create the "first" international network under the Initiative Climat International (iCI), which collectively commits them to align their portfolios and businesses with the Paris Agreement and embrace the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFDs).
Endorsed by the PRI, iCI was originally launched as the iC20 in 2015 by a group of French private equity firms keen to contribute to the goals of the Paris Agreement.
Now, in establishing a new international network - which was officially launched late last week - UK-based investors including Coller Capital, ICG, Palatine, Triton and HG have committed to actively engaging with private-equity backed companies to reduce global carbon emissions and pursue sustainable investment by taking full account of climate risk in decision-making.
iCI also seeks to foster mutual collaboration, ecnouraging members to effectively analyse, manage and mitigate climate-related financial risk and emissions in their portfolios, in line with the recommendations of the Financial Stability Board's TCFDs, the body said.
"The PRI welcomes the announcement that a group of leading private equity investors have joined the Initiative Climat International, and in doing so are stepping up to the climate challenge," said Fiona Reynolds, CEO at PRI.
The Net Zero Investment Hub is brought to you in partnership with Schroders, as part of its support for the world's first Net Zero Festival this autumn. All the content on the Hub is fully editorially independent unless otherwise stated.
You can find out more about the Net Zero Festival and reserve your place here.
More on Investment
More news
John Kerry vows to tackle climate crisis with 'the seriousness and urgency it deserves'
Newly appointed US Climate Envoy provides further evidence President-elect Biden intends to prioritise climate action on the world stage
Government sets sights on securing 12GW of renewable power from next contract auction
Plans to hold fourth Contracts for Difference auction for range of different renewables technologies confirmed by government for late 2021
Net-zero is not just a buzzword - businesses must show they are serious about climate action
New survey finds many companies have set net zero climate targets, but few have milestones to reach them, explains South Pole CEO Renat Heuberger
Green energy giants team up to launch Renewable Hydrogen Coalition
Dual boost for emerging hydrogen economy as key trade bodies launch new initiative and Hyundai and Ineos ink agreement to advance fuel cell technology development
Most read
