Bregal Unternehmerkapital sets ambitious 2030 climate commitments, aligning with new Science Based Target Guidance for the Private Equity sector spearheaded by Bregal Investments.
Ensuring Private Equity firms set Science Based Targets as part of their commitment to decarbonise their portfolios is crucial to achieving net zero, as private equity-backed companies represent an ever-larger part of the world’s economy. In recognition of the pivotal role that the sector should play in the transition to a net-zero economy, Bregal Investments (“Bregal”) has spearheaded the development of the Science Based Target guidance for the Private Equity sector.
Developed through multi-stakeholder collaboration with members of the Initiative Climat International (“iCI”) and the Science Based Targets initiative (“SBTi”), alongside other Private Equity firms and in partnership with Laudes Foundation, this guidance will help to create greater transparency and consistency in the way the sector transitions its portfolio to net-zero.
In alignment with this work, Bregal Unternehmerkapital has also set its own science-based targets in line with the 1.5°C pathway set out in the Paris Agreement. Bregal Unternehmerkapital’s climate target represents a natural evolution of its ESG programme and requires that all portfolio companies set their own science-based targets by 2030.
Bregal Unternehmerkapital’s investment strategy centres around building great businesses that create long-term, sustainable value for investors, whilst having a positive impact on society. Bregal Unternehmerkapital is fully committed to integrating climate action within the core of its investment strategy through setting its own ambitious carbon reduction targets.
In summary, Bregal has committed to:
- Reducing direct emissions by 50 percent by 2030
- Ensuring 40 percent of its portfolio companies will have set science-based targets by 2025
- Ensuring 100 percent of its portfolio companies have their science-based targets by 2030
“Our ethos at Bregal Unternehmerkapital is to partner with entrepreneurs and family businesses with the potential for long-term sustainable value creation. As such, we are proud to commit to these ambitious climate targets - which will help our portfolio companies to align their business with a net-zero future and result in positive outcomes for future generations.”
Florian Schick, Managing Partner, Bregal Unternehmerkapital
“Climate change is the defining challenge of our generation and today’s announcement is a significant milestone in our ESG journey. At Bregal, we acknowledge the responsibility we have as an active investor and commit to support our portfolio companies to align their business with a 1.5°C pathway. It is critical for businesses to navigate the risks and opportunities of climate change and our science-based targets provide a clear roadmap for ambitious emissions reductions within our portfolio.”
Alvar de Wolff, Head of ESG, Bregal Investments