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)