PAI & Climate Change
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Frederike joined PAI’ ESG team in 2021 as an ESG Analyst
Climate-related experience
Frederike holds a Master’s in Climate Change, Management and Finance and co-leads PAI’s efforts on the climate change front with a particular focus on carbon footprint assessment and climate risk analysis.
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Laurie joined PAI’s ESG team in 2022 as an ESG Officer
Climate-related experience
Laurie co-leads PAI’s efforts on the climate change front. He has a focus on physical and transition climate related risks and opportunities within the PAI portfolio. He also focuses on integrating climate considerations into due diligence.
Otto joined PAI’s ESG team in 2020 as an ESG Officer
Climate-related experience
Otto leads the definition of PAI’s portfolio-wide energy efficiency program, and drives value creation amongst portfolio companies like Armacell, Labeyrie or StellaGroup.
For those of you who are new to our ESG community, our annual ESG Lab series was launched in 2018 as a one-day event to bridge different perspectives (investors, corporates, field experts) and to take a deep dive into a specific issue.
This year, we transformed the event into a virtual ecosystem with continuous learning features and in-depth discussions. We invite you to visit and provide your comments at any time during the year.
PAI was one of five private equity firms that came together to launch the Initiative Carbone 2020 (“iC20”), now known as Initiative Climate International (“iCI”).
This initiative aims at achieving the objectives of the Paris Agreement – to limit global warming to well-below 2C, and to pursue efforts to limit warming to 1.5C.
In-depth assessment of our portfolio’s carbon footprint
Results were disclosed in a dedicated ESG review: “PAI’s carbon project”.
- Pre-acquisition process: climate risk analysis of investment targets using the SASB Climate Risk Technical Bulletin methodology.
- Ownership: construction of company-specific climate profiles.
The first milestone of our strategy was achieved in 2019, with the formalisation of PAI’s Climate Strategy in compliance with the Taskforce on Climate-Related Financial Disclosure (TCFD).
This important work to establish processes, governance and metrics is summarised in PAI’s
Climate Policy, which is publicly available on our website, and further described for our LPs in our first Sustainability Report in 2018/2019 .
The second milestone of our strategy is to raise awareness of and activate PAI’s Climate Strategy both internally and externally.
It is a continuous process, which is supervised by PAI’s Management Committee.
We have built four operational pillars to structure our approach.
Our ESG team has finalised the detailed assessment of our 2019 carbon emissions, and identified carbon reduction opportunities and relevant offsetting projects.
The content is not ready yet. We will provide it in due course. We’re building a greener portfolio - Also forecast the cost of the update of the footprint portfolio graph.
When relevant, PAI supports its portfolio companies to become a signatory of the SBTi.
We are proud to have two signatories of the initiative in our portfolio and hope to work with more businesses to achieve this standard.
If you are curious to learn more about the SBTi and how PAI and its portfolio support the initiative, scroll down to the Webinar section.
In addition to assessing their carbon footprint, PAI, in collaboration with the biggest emitters in the portfolio, defines a climate roadmap.
This roadmap is company-specific and can range from setting simple scope 1 and 2 reduction targets, to committing to leading initiatives like the Carbon Disclosure Project (CDP) or the Science Based Tagets initiative (SBTi).
PAI assesses the carbon footprint of 100% of its portfolio companies. Depending on the materiality of their carbon emissions, this can range from a reduced scope 1 and 2 assessment to a very detailed scope 1, 2 and 3 calculation.
This week, Guy and Lottie interview James Stacey, Partner and Global Director for Climate Change & Low Carbon Economy Transition at ERM.
They discuss the growing focus on businesses’ sustainability credentials and how scenario analysis can be used to understand climate-related risks and opportunities.
In this episode supported by PAI Partners, Alex speaks to Radhika Mehrotra and Jerome Taraska from CDP’s Investor Engagement Division.
They discuss the core components of CDP’s sustainability reporting framework as well as the value of setting science-based targets. The importance of measurable and accurate data emerges as a clear theme throughout the conversation.
In this episode, supported by PAI Partners, Phoebe speaks to Thibaut Ghirardi, Senior Manager in Climate Finance at the 2 Degrees Investing Initiative.
They discuss 2DII’s positioning within the finance and investing landscape, how different actors can generate change and drive impact in shifting to more sustainable financial practices, and how retail investors can also get involved in greening the financial system.
Imperial College’s Green Minds chats to Cornelia Gomez - Head of ESG and Sustainability at PAI Partners.
They discuss the specific challenges involved in taking ESG factors into account in private equity and delve into topics at the forefront of ESG debates such as biodiversity impact measurement and supply chain risk.
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