Staff Writer

Sophie Durham says the firm also has a three-part climate action plan for its portfolio companies to implement by the end of 2023.

In 2022 the private equity industry rallied together on climate issues, says Hg's chief sustainability office Caroline Löfgren, and next year Hg will be taking this to the portfolio.

There has been too much talking in the industry and not enough doing, says Carlyle's global head of impact Megan Starr, whose firm will focus on helping portfolio companies get onto Paris-aligned pathways next year.

The private markets firm is working with peers on the topic of biodiversity, says Tang Zongzhong, head of sustainability at BPEA EQT in Singapore.

Advancement in sustainability-linked credit has sharpened focus on measuring, reporting and verification, says Actis head of sustainability Shami Nissan.

Ares Global Management also plans to build its 'institutional capacity for engaging on decarbonisation', in the coming year, says Adam Heltzer.

The head of ESG for the infrastructure firm says Europe's summer of heatwaves should prompt upgrades to climate risk management, including emergency preparedness and response processes.

Permira has hired a climate specialist to support portfolio level decarbonisation, and some of Permira's portfolio companies are setting science-based emissions reduction targets, says Shackleton.

The work to streamline ESG data collection was a key development of the past year, says Apollo Global Management's chief sustainability officer.

'There still is a clear distinction between firms that have fully engaged on the climate agenda... and firms who are lagging and not taking much action, but given all the groundwork done in 2022 this group should be able to catch up quickly,' says de Kreij.