Industry alliance calls on PE to support climate change objectives

by Matthias Plötz 25 November 2022

The Net-Zero Asset Owner Alliance (Alliance) has requested GPs align their investments with a 1.5c pathway and address climate change across all their business activities.

The initiative, which has the backing of 291 signatories as of 9 November 2022 and $66trn AuM, including Bregal, ClearBridge and EQT, has called upon the wider asset management industry but included specific requests for private equity.

General aims proposed by the consortium include:

  • Public commitments to set net-zero targets on financed Scope 1 and 2 emissions by 2025
  • Offering corresponding products reflecting this ambition at a fund level
  • Establishing a time-bound plan including decarbonisation targets on a sector level for portfolio companies by 2025
  • Adhering to asset class specific requests.

On a portfolio level, the Alliance asked for:

  • Disclosure of available...

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