Leading private equity investors join climate disclosure and engagement drive

clock • 1 min read

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

Aston University aims to graduate to net zero status by 2028 following £35m funding boost

Aston University aims to graduate to net zero status by 2028 following £35m funding boost

Investment plans include Green Energy Centre that is expected to reduce Scope 1 and 2 emissions by 90 per cent against a 2005 baseline

clock 28 March 2025 • 2 min read
OECD: 'Climate action does not hinder economic growth, it provides economic gains'

OECD: 'Climate action does not hinder economic growth, it provides economic gains'

OECD becomes latest high profile body to conclude bolder climate ambition 'is not only achievable, it also makes economic sense - even in the near-term'

Michael Holder
clock 27 March 2025 • 7 min read
JPMorgan asset management unit and Deloitte become latest firms to quit green finance groups

JPMorgan asset management unit and Deloitte become latest firms to quit green finance groups

Net Zero Asset Managers initiative and Net Zero Financial Service Providers Alliance become latest groups to be hit by 'ESG backlash'

Stuart Stone
clock 25 March 2025 • 4 min read