EQT Sets Science-Based Greenhouse-Gas Emissions Reduction Targets

By Dominic Chopping

STOCKHOLM--Swedish private-equity firm EQT AB said Thursday that it has set science-based greenhouse-gas emissions reduction targets for both its own and its portfolio investments' operations.

The company said its science-based targets have recently been approved and validated by the Science Based Targets initiative, formalizing its greenhouse-gas emission reduction targets in line with the 1.5 degrees Celsius pathway described in the Paris Agreement.

Looking ahead to 2030, EQT said it is committing to reduce its direct emissions by 50%, reduce indirect emissions from business travel by 30%, ensure 100% of EQT portfolio companies--excluding EQT Ventures--will have their own science-based targets validated by 2030, and reduce indirect emissions in the EQT Real Estate I and II funds by 55% per square meter floor area.

EQT said it has set interim targets and will publicly report progress annually, with 2019 as a base year.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

10-14-21 0437ET