Our members are invested in over 5,000 UK companies and are actively supporting these businesses to reduce their greenhouse gas emissions. A critical piece of the Net Zero puzzle for PE/VC firms, one not provided by Net Zero initiatives aimed at the broader asset management sector, are technical toolkits designed for the specific characteristics of PE/VC fund industry. Achieving Net Zero emissions, for closed-ended funds1
pursuing multi-year growth strategies across portfolios of mostly unlisted SMEs, depends on the availability of specific PE/VC-focussed methodologies for obtaining and analysing the metrics required to set robust, science-based climate targets.
Over 200 (and counting) UK and international PE/VC firms, representing more than $3.4 trillion AUM, have joined the UN PRI-backed Initiative Climat International (iCI)
. iCI fosters industry-wide collaboration amongst PE/VC firms in achieving the objectives of the Paris Agreement
through public commitments, knowledge sharing and the development of tools to help firms measure and report on their portfolio companies’ carbon footprints, and set science-based emissions reduction targets. These tools and guides are available here
, along with more information on iCI.
Many other BVCA members, investors and fund managers alike, have joined international initiatives with similar aims, such as the Institutional Investors Group on Climate Change
The BVCA and our members also continue to engage heavily on the development of sustainability regulation in the UK and EU. Read more about our work here