climate

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 firm has invested in DBE Energy, which produces renewable gas from organic waste.

Climate continued to dominate the private markets sustainability agenda, both in terms of ESG and impact investing.

Eric Cooperstrom says Manulife’s Forest Climate Fund will support both internally developed projects and collaborations with established carbon development companies familiar with regional methodologies and regulation.

The past year brought existential debate, some helpful regulation and productive collaboration on climate and data matters, but a lack of urgency is still an issue.

Oregon State Treasury commits up to $20m to the fund, which invests in climate mitigation and adaptation ventures.

Euan Long sits in both the investment and ESG teams.

'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.