In brief: Ambienta commits to SBTi validation

Environment-focused private markets firm Ambienta is planning to have emissions reductions targets verified by the Science-Based Targets initiative, the firm said on Thursday. Specifically, the firm will “set and validate targets at firm-level (percentage of emission reduction) and at asset class level (percentage of invested capital with SBTi validated targets)”.

The SBTi has become the dominant global body for validating emissions reductions targets. UK healthcare foundation The Wellcome Trust described it as its “preferred verification initiative” and encouraged its private equity GPs to engage with it.