Climate Change Data

CVC Group

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:17,356 tCO2e/year (excluding portfolio emissions)
Scope 1 Emissions:127 tCO2e/year
Scope 2 Emissions:17 tCO2e/year
Scope 3 Emissions:17,287 tCO2e/year (business travel and employee commuting)
Total Energy Consumption:127 MWh/year (office energy consumption)

ESG Focus Areas

  • Investing responsibly for long-term growth
  • Attracting, developing and retaining talent
  • Building climate resilience
  • Ensuring robust governance and accountability

Environmental Achievements

  • Reduced Scope 1 and 2 operational emissions by 88% from 2019 baseline (majority achieved through procuring Energy Attribute Certificates)
  • 78% of private equity portfolio companies underwent an EcoVadis or similar external assessment (up from 77% in 2022), with 71% scoring in the top half (up from 61% in 2022).

Social Achievements

  • Employee engagement score rose to 87% with a 92% response rate (up from 85% and 85% respectively in 2022).
  • 25% of investment professionals are female (up from 23% in 2022).

Governance Achievements

  • Science-based targets validated by the SBTi for operational emissions and portfolio engagement.
  • 100% of new private equity deals considered material sustainability topics in due diligence.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce absolute GHG emissions by 73% by 2030 from a 2019 base.
  • Set validated science-based targets for 40% of eligible private equity and listed equity investments by invested capital by 2027, and all of them by 2035.
Short-term Goals:
  • Update and receive third-party verification of ESG-linked loan framework.

Environmental Challenges

  • Data quality across the portfolio, particularly for Credit and Secondaries strategies.
  • Navigating the fast-evolving regulatory landscape for sustainability reporting (e.g., EU CSRD).
Mitigation Strategies
  • Participation in the ESG Data Convergence Initiative (EDCI).
  • Working with portfolio companies to prepare for new regulations.
  • Developing and refining internal scorecards and frameworks (e.g., ESG-linked loan framework).

Supply Chain Management

Responsible Procurement
  • Sustainable supply chain is a focus area of engagement with portfolio companies.

Climate-Related Risks & Opportunities

Physical Risks
  • Coastal and river flooding
  • Tropical cyclones
  • Wildfires
  • Heatwave
  • Drought
Transition Risks
  • Policy changes (carbon pricing, subsidies, regulations)
  • Technological advancements
  • Consumer demand shifts
  • Financial market changes
Opportunities
  • Energy efficiency improvements
  • Investments in climate funds

Reporting Standards

Frameworks Used: UN PRI, TCFD, GRI

Certifications: ISO 27001:2022 (Information Security Management System)

Awards & Recognition

  • Real Deals ESG Awards 2023: ESG Fund Lender of the Year (Credit)