Private equity giant Carlyle promises to be net zero by 2050
Carlyle is committed to achieving net zero greenhouse gas emissions by 2050 across its entire investment portfolio.
The US buyout giant’s commitment includes a short-term goal that 75% of portfolio company emissions will be covered by Paris-aligned climate goals by 2025. Thereafter, all new majority-owned portfolio companies will set Paris-aligned climate targets within two years. of property.
Carlyle is one of the first major global private equity firms to join the call to accelerate the transition to a net zero economy with the setting of short and long term climate goals.
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Kewsong Lee, Managing Director of Carlyle, said: “Not only does this strategy have higher carbon reduction potential, but it is also essential for making businesses more competitive in a decarbonizing world, leading to new better performance and better results for our investors.
The pledge comes a month after MSCI announced that investor pressure was mounting on private equity firms to make green pledges.
MSCI said that in a sample of 18,562 private companies held in nearly 4,000 private equity funds, issuance was higher than in the 9,225 public companies in the MSCI ACWI Investable Market Index.
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This article was published by Private Equity News
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