Our approach to net zero

While our own operational emissions have negligible impact compared to those of our investments, we recognise our responsibility to ensure our own business operations are fully accounted for. ICG will continue to deploy energy efficiency and renewable energy initiatives, and will offset any residual emissions using credible removal solutions.

In order to chart a path to net zero, ICG’s top priority is the decarbonisation of our portfolio wherever possible, through our investment decision-making and engagement.

Over time, the tools to assess financed emissions and measure net zero will evolve in the private markets. In addition to the setting of science-based targets (SBTs) for relevant investments, ICG is developing a plan to systematically assess potential net zero solutions for the strategies not covered by our SBTs.

We will continue to engage with industry groups and thought leaders to explore decarbonisation tools and net zero measurement frameworks for asset classes which do not currently have them, and ICG will consider these new solutions if/where they might be applicable to our portfolios.

Another powerful tool for responding to climate change is ICG’s capacity for investment in climate solutions needed for the real economy to reach net zero emissions, such as the infrastructure needed for the growth of renewable energy.

Lastly, a successful global approach to net zero will require the financial industry to account for nature’s fundamental contributions to combating climate change, as well as a just transition to respond to the impacts that a changing climate has on human communities and livelihoods. ICG will reflect these considerations in our own approach, as we enhance our ESG assessment and action over time.

ICG’s net zero strategy will continue to evolve as we work towards building a more comprehensive approach across the firm, to support the global goals of decarbonising the real economy and building a more sustainable financial system.