Leading private equity investors commit to net zero

Alternative asset managers call on peers to join them on the Race to Zero

• Bregal Investments, DigitalBridge, FSN Capital, Hg, IG4 Capital, Intermediate Capital Group (ICG), Investindustrial and Stafford Capital Partners join Net Zero Asset Managers (NZAM) initiative
• As COP26 begins, the firms commit to climate action in line with Paris Agreement
• Total assets collectively managed by all signatories to NZAM ($57.4 trillion) is equivalent to the combined GDP of the US, EU, China, Japan and UK

A group of leading private equity investors has joined the Net Zero Asset Managers (“NZAM”) initiative, an international group of asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius. The group has also committed to support investing aligned with net zero in the same timeframe.

The firms are all signatories of the Initiative Climat International (iCI). They include Bregal Investments, FSN Capital, Hg, IG4 Capital, Intermediate Capital Group (ICG) and Investindustrial joining today, as well as DigitalBridge and Stafford Capital Partners, two firms that committed to the NZAM initiative earlier in 2021.

As signatories of NZAM, the group commits to work in partnership on decarbonisation goals, consistent with an ambition to reach net zero emissions by 2050 or sooner across all AUM. The group also commits to set an interim target for the proportion of assets to be managed in line with their net zero ambition and to review the interim target every five years, with a view to ratcheting up the proportion of AUM covered until 100% of assets are included.

NZAM was launched in 2020 with the aim to galvanise the asset management industry to commit to a goal of net zero emissions. The initiative has seen rapid growth since inception and attracted more than 130 signatories so far, with a combined AUM of $57.4 trillion.

Contacts

Alvar de Wolff
Bregal Investments
Managing Director – Head of ESG & Responsible Investing alvar.dewolff@bregal.com | www.bregal.com

Severin White
DigitalBridge 
Managing Director, Head of Public Investor Relations
+1 (212) 547-2777 
severin.white@digitalbridge.com | www.digitalbridge.com

Rebecca Svensøy
FSN Capital
rcs@fsncapital.com | fsncapital.com

Caroline Löfgren
Hg
+44 20 8148 4438
caroline.lofgren@hgcapital.com | www.hgcapital.com

Gema Esteban Garrido
IG4 Capital  
+34679185694 
ig4capital.com

Clare Glynn
Intermediate Capital Group (ICG)
+44 20 3545 2000 
clare.glynn@icgam.com | www.icgam.com

Carl Nauckhoff
Investindustrial
Senior Principal and Head of Investor Relations
+44 20 7664 2138 
www.investindustrial.com

Silva Dezelan
Stafford Capital Partners
silvadezelan@staffordcp.com | staffordcp.com

Notes to editors

The total assets collectively managed by investors as signatories to the Net Zero Asset Managers initiative ($57.4 trillion) are now equivalent to the combined GDP of the United States, European Union, China, Japan and United Kingdom ($58.6 trillion - World Bank Data).

About the Net Zero Asset Managers initiative

The Net Zero Asset Managers initiative is a group of international asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C; and to supporting investing aligned with net zero emissions by 2050 or sooner. The Net Zero Asset Managers initiative is managed globally by six founding partner investor networks: Asia Investor Group on Climate Change (AIGCC), CDP, Ceres, Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI). The initiative is also endorsed by The Investor Agenda, of which the investor networks are all founding partners. It is a partner of the United Nations Race to Zero campaign. For further information, please visit www.netzeroassetmanagers.org

About the Initiative Climat International (iCI)

iCI was the first international initiative for private equity firms aiming to address climate change. It was originally launched as the iC20 (Initiative Climat 2020) in 2015 by a group of French private equity firms to contribute to achieving the Paris Agreement’s objectives – to limit global warming to well below 2C, and to pursue efforts to limit warming to 1.5C. 

iCI is a global community of investors seeking to understand better and manage the risks associated with climate change. Members commit to sharing knowledge, tools, experience and best practice among peers to help build and manage both climate-aligned and climate-resilient portfolios. 

iCI is supported by the Principles for Responsible Investment, and is a Supporting Partner of The Investor Agenda.  

iCI is open to all private equity firms and investors to join. For further information, please visit collaborate.unpri.org/group/761/stream