EQT accelerates its journey to address climate change by defining ambitious greenhouse gas emission ("GHG") reduction targets, encompassing both its own and its portfolio investments' operations
EQT becomes the first private markets firm to formalize science based targets through the Science Based Targets initiative ("SBTi")
The science based targets ("SBTs") will become a central part of EQT's active ownership strategy and climate-related value creation drivers across all investments
The journey to map and offset emissions started already in 2014, and since the commitment to set SBTs in
- Reducing
EQT AB's direct emissions by 50 percent -
Reducing
EQT AB's indirect emissions from business travel by 30 percent - Ensuring 100 percent of the EQT portfolio companies (excluding EQT Ventures*) will have their own SBTs validated by 2030, 10 years faster than required by SBTi
- Reducing indirect emissions in the EQT Real Estate I and II funds by 55 percent per square meter floor area
EQT has set interim targets and will publicly report progress annually with 2019 as a base year. Over the coming years, portfolio investments in the most recently launched fund strategies will also be included in the targets.
Bahare Haghshenas, Global Head of Sustainable Transformation, "We have a clear ambition to combat climate change holistically across the EQT ecosystem and setting science based targets is an important milestone towards this goal. This is a testament to how we integrate purpose and positive impact into everything we do, and it will enable us to drive even better performance."
By having SBTi approved science based targets, EQT now fulfils, earlier than anticipated, the first KPI target in its inaugural sustainability-linked bond, which was established earlier this year to underscore EQT's approach of having sustainability as an integral part of the business model of both the
Facts
The Science Based Targets initiative helps the private sector drive ambitious climate action by enabling companies to set science-based emissions reduction targets in alignment with the pathways described in the Paris Agreement to limit global warming to 1.5°C vs. pre-industrial levels. The SBTi is a partnership between CDP, the United Nations Global Compact,
Contact
Bahare Hagshenas, Global Head of Sustainable Transformation, bahare.hagshenas@eqtpartners.com, +45 313 104 31
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
*Excluded due to
About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies. Uniquely, EQT is the only large private markets firm in the world with investment strategies covering all phases of a business' development, from start-up to maturity. Including EQT Exeter, EQT today has more than
With its roots in the Wallenberg family's entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.
More info: www.eqtgroup.com
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