Climate change has emerged as a global challenge following growing scientific consensus that the earth is warming, and that this process is likely driven by increasing greenhouse gas (GHG) concentrations. Extreme weather events, natural disasters, and unmanaged climate change are among the top five global risks, both in terms of likelihood and impact, according to the World Economic Forum. While addressing climate change requires action from governments, civil society and businesses, we believe that investors are uniquely positioned to catalyze the transition to a low-carbon economy through the systematic assessment and management of climate risks and opportunities. At Partners Group, we are committed to managing those risks for our global portfolio of investments and our firm.
Our group-wide Climate Change Strategy outlines our approach to managing climate risks and impacts across our firm and the key stages of our investment process, from sourcing and due diligence through to ownership and exit. The strategy aligns with the Task Force on Climate-related Financial Disclosures' (TCFD) recommended disclosures and makes two key commitments:
- At corporate level, we are committed to the Paris Agreement and are working towards achieving net-zero emissions for our Scope 1, Scope 2 and key Scope 3 greenhouse gas (GHG)
- At portfolio level, we are committed to managing our investment portfolio towards the Paris Agreement objectives
Our approach to achieving these commitments consists of six pillars, which are in line with the four core elements of TCFD: governance, strategy, risk management, and metrics & targets
We have also voluntarily participated in the CDP (formerly Carbon Disclosure Project) since 2008. CDP is an independent, not-for-profit organization which holds the largest database of corporate climate change information in the world and has become the leading standard for carbon methodology and process while providing comprehensive climate change data to the global marketplace.