Home Alternative guide ICG globally commits to achieving net zero by 2040

ICG globally commits to achieving net zero by 2040

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November 8, 2021
Net zero by 2040

ICG is globally committed to achieving mand zzero by 2040

2030 emission reduction targets covering 100% of relevant investments1approved by the Science Based Targets initiative

Intermediate Capital Group plc (“ICG” or the “Group”), the global alternative asset manager with $ 65 billion in assets under management, today announces its commitment to achieve zero net greenhouse gas emissions (GES) in all of its operations and investments by 2040.

The Group’s net zero commitment is supported by two ambitious emissions reduction targets by 2030, which have been approved and validated by the Science Based Targets (SBTi) initiative.

Scientific objectives approved and validated:

  • Ensure that 100% of relevant investments have science targets approved by SBTi by 2030, with an interim target of 50% by 20261
  • Reduce direct emissions of ICG (Scope 1 and 2) by 80% by 2030 compared to the baseline year 2020

1Rrelevant investments includes all investments in structured and private funds and real assets where ICG has sufficient influence. As of June 30, 2021, relevant strategies equivalent to 22.5% of ICG’s assets under management

ICG will release its improved 2021 Sustainability and People Report in due course. The report will contain more details on our net zero commitments and how they will be implemented.

We will systematically monitor progress and report on our goals annually in our annual report and on our website. In the coming years, relevant investments in more recently launched strategies will also be included in the objectives.

Further details on the scientific objectives of the ICG will be released in due course by the SBTi here.

Alberto Carrillo Pineda
Director General of the Science Based Targets Initiative

We welcome ICG’s contribution to the process to assist in the development of science goal guidelines for private equity. He has provided valuable insight and leadership for this important initiative, and ICG is helping push the industry as the first target to be defined to help set a new bar of ambition.

Benoît Durteste

CEO and CIO of ICG

I am delighted that we are among the first group of alternative asset managers to commit to net zero, and that ICG is doing so with approved science targets covering 100% of our relevant investments. We have long focused on sustainable business and investment practices, and today’s announcement sets out a clear roadmap for achieving our ambition for the next decade and beyond.

Eimear Palmer

Responsible Investment Manager at ICG

Our commitment to net zero by 2040 is ambitious and comprehensive, covering our investing activities as well as our operational footprint. I look forward to working closely with management, our investment teams and our portfolio companies as we execute our plans. We will continue to work with a wide range of stakeholders to help develop the industry’s contribution to this global imperative.

ABOUT THE SCIENCE-BASED TARGETS INITIATIVE

The Science Based Targets initiative helps the private sector drive ambitious climate action by enabling companies to set science-based emission reduction targets, in line with the pathways outlined in the Paris Agreement to limit global warming to 1 , 5 ° C above pre-industrial levels. SBTi is a partnership between CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

INVESTIGATIONS

Shareholder / analyst requests:

Chris Hunt, Investor Relations, ICG: +44 (0) 20 3545 2020

Eimear Palmer, Head of Responsible Investment, ICG: +44 (0) 20 3545 2000

Media inquiries:

Fiona Laffan, Global Head of Corporate Affairs, ICG: +44 (0) 20 3545 1510

COMPANY SCHEDULE

Half-year results announcement: November 16, 2021

This statement has been prepared solely to provide additional information to shareholders and meets the relevant requirements of the UK Listing Authority’s Disclosure and Transparency Rules. The declaration should not be relied on by any other party or for any other purpose.

This statement may contain forward-looking statements. These statements have been made by the Directors in good faith on the basis of the information available to them up to the time of their approval of this report and should be treated with caution due to the inherent uncertainties, including economic and business risk factors. , underlying this forward-looking information.

These written materials do not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States without registration under the US Securities Act of 1933, as amended, or an exemption therefrom. The Issuer does not and does not intend to register any securities under the US Securities Act of 1933, as amended, and does not intend to offer securities to the public in the States. -United. No money, securities or other consideration from any person within the United States is solicited and, if sent in response to information in such written materials, will not be accepted.

ABOUT ICG

ICG provides flexible capital solutions to help businesses grow and grow. We are a global alternative asset manager with over 30 years of history, managing $ 65 billion in assets and investing across the entire capital structure. We operate in four asset classes: Structured and Private Equity, Private Debt, Real Assets and Credit.

We develop long-term relationships with our business partners to create value for shareholders, customers and employees, and use our position of influence for the benefit of the environment and society.

ICG is listed on the London Stock Exchange (ticker symbol: ICP). Further details are available at www.icgam.com. You can follow ICG on LinkedIn


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