Climate Change Data

OGCI Climate Investments LLP

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Diversity, Equality, and Inclusion
  • Governance

Environmental Achievements

  • Portfolio companies delivered 38 MT CO2e of total realized impact in 2023 (39% year-on-year growth).
  • Cumulative realized impact of 95 MT CO2e between 2019-2023.
  • Methane abatement impact of 37.4 MT CO2e in 2023 (38% year-on-year growth).

Social Achievements

  • Welcomed 16 new team members in 2023.
  • Seven team members promoted in early 2024.
  • Established a DEI Committee in early 2024.
  • Firm's diversity significantly above the average of the Private Equity industry (50% women, 43% ethnic minority background).

Governance Achievements

  • Implemented a comprehensive business risk assessment process.
  • Collected ESG data from portfolio companies using EDCI guidelines.
  • Formalized incorporation of ESG into investment processes with a Responsible Investment Policy.

Climate Goals & Targets

Long-term Goals:
  • Deliver 1 gigatonne (GT) CO2e per year of potential GHG impact by 2050.
Short-term Goals:
  • Develop net zero strategy leveraging guidance from the Venture Climate Alliance.

Environmental Challenges

  • Abatement of observed methane running at less than 10%.
  • Uncertainty in portfolio impact results (estimated to be less than +/- 30% overall).
  • Need to increase accuracy of methane mitigation estimations.
Mitigation Strategies
  • Continuous improvement of impact methodologies and data sources.
  • Collection of more details on mitigation actions.
  • Alignment of leak duration assumptions for methane detection.
  • Greater scrutiny of systemic impact from methane detection.

Supply Chain Management

Responsible Procurement
  • Updated procurement policy to address emissions relating to procurement spend.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: PRI, SFDR, GHG Protocol, Project Frame Impact Methodology, EDCI

Third-party Assurance: Ernst & Young LLP (Limited Assurance)