Net Zero Investment Framework Component for the Private Equity Industry
This guidance is intended to support any private equity investors who are active in buyout, growth, and associated strategies. It aims to standardise target setting, engagement and reporting between Limited Partners (LPs), General Partners (GPs) and portfolio companies to support progress towards net zero at scale.
The guidance includes several key concepts for target setting, including ‘influence bands for LPs and GPs’ to reflect the varying levels of influence each have in encouraging portfolio companies to decarbonise.
Its development of was led by IIGCC with significant support from Ceres and Anthesis. Importantly, select GPs and LPs representative of the market, including different strategies, geography and size, also provided inputs.
The ambition is that the guidance will help catalyse climate-related action across the private equity industry.
Climate Action 100+ flagged resolution: TotalEnergies SE: AGM – 26 May 2023
Climate Action 100+ flagged resolution: Shell plc: AGM – 23 May 2023
Climate Action 100+ flagged resolution: Equinor ASA: AGM – 10 May 2023