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Climate Change

Climate Change

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$10.1B

in gross issuance of green bonds since inception – representing eligible assets such as green buildings

41% decline

in our investment portfolio’s carbon footprint since fiscal 2020

28 companies

in our portfolio completed decarbonization assessments with our support

457 votes

for failing to meet the climate change expectations in our guidelines in the past three years

28% decline

in operational emissions from business travel since fiscal 2020

$14B

invested in renewable assets such as wind, solar, hydro and geothermal

Progress on these metrics will be non-linear.

Our Climate Change Principles

Our approach to climate change is grounded in our Investment Beliefs and guided by a clear set of Climate Change Principles. We aim to:
  • Invest for a whole economy transition required by climate change.
  • Evolve our strategy as transition pathways emerge and global standards for decarbonization materialize.
  • Exert influence to create value and mitigate risk.
  • Support a responsible transition consistent with our investment beliefs and expertise, including our belief that accelerating the global energy transition requires a sophisticated, long-term approach rather than blanket divestment.
  • Report on our actions, their impacts and our portfolio emissions.

These principles frame how we engage with stakeholders and deploy capital to support our portfolio companies in aligning with a net-zero and climate-resilient future, where doing so unlocks and protects long-term value. They also outline our support for a whole economy transition, with continued investment and engagement across all sectors.

We believe this approach helps support both the global transition and the long-term performance of the Fund.

Supporting the decarbonization efforts of our portfolio companies
Investing in innovation at 407 ETR
Charting a decarbonization pathway with Merlin Entertainments
Advancing circular activities and climate impact with FCC Medio Ambiente Group

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