Climate Change Data

Energy Capital Partners

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Scope 1 Emissions:88 tCO2e (2023)
Scope 2 Emissions:138 tCO2e (2023)
Scope 3 Emissions:26,553,862 tCO2e (2023)
Renewable Energy Share:64% (renewable generation capacity owned, under construction, or in late-stage development)

ESG Focus Areas

  • Climate Change
  • Governance
  • Safety
  • Diversity, Equity, and Inclusion (DEI)
  • Community Involvement

Environmental Achievements

  • U.S. power generation portfolio avoided 20.9 million tCO2e in 2022 (equivalent to 2.7 million U.S. homes' annual energy use).
  • Harvestone's Blue Flint CCS project began operations, capturing 41,339 metric tons of CO2 in Q1 2024.
  • Calpine awarded DOE contracts to pursue carbon capture at two natural gas plants, with potential to sequester nearly four million metric tons of CO2 per year.

Social Achievements

  • Created nearly 1,100 net new jobs at equity companies in 2023.
  • 84% of equity-controlled portfolio companies reported lost time incident rates (LTIR) lower than industry benchmarks.
  • 76% of new associates hired since 2020 identify as female or diverse.
  • Pivot Energy achieved silver-level recognition for its DEI program.
  • Liberty Tire implemented a second chance hiring program employing over 200 individuals.

Governance Achievements

  • Established a Value-Add Committee to standardize portfolio company engagement and increase independent Board membership.
  • Convergent Energy and Power added Neil Chatterjee (former FERC Commissioner) to its Board.
  • Developed an ESG onboarding toolkit for portfolio companies.
  • 100% of portfolio companies track and report employee and/or contractor safety data.

Climate Goals & Targets

Environmental Challenges

  • Increased energy demand from data centers and electric vehicles straining power grids.
  • Need to balance decarbonization with grid reliability and affordability.
  • Supply chain challenges and higher interest rates impacting new infrastructure development.
Mitigation Strategies
  • Diversified portfolio of baseload resources and sustainable offerings (battery storage, CCS, efficient natural gas).
  • Strategic partnerships and long-term PPAs for renewable energy.
  • Investments in renewable energy and fuels, and digital infrastructure.
  • Focus on responsible investing practices and strong governance to drive business transformation.

Supply Chain Management

Responsible Procurement
  • Biffa's supplier engagement target for SBTi validation.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting grid reliability
Transition Risks
  • Regulatory changes, market shifts in energy sector
Opportunities
  • Expansion of renewable energy and CCS technologies

Reporting Standards

Frameworks Used: TCFD, SASB, GHG Protocol, PCAF

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 9 (Industry, Innovation, and Infrastructure)
  • SDG 11 (Sustainable Cities and Communities)
  • SDG 12 (Responsible Consumption and Production)
  • SDG 13 (Climate Action)
  • SDG 15 (Life on Land)

Investments in renewable energy, CCS, sustainable infrastructure, and responsible land stewardship practices contribute to these goals.

Sustainable Products & Innovation

  • Renewable diesel (Braya)
  • Alkylate (Next Wave)
  • Green hydrogen (Braya)

Awards & Recognition

  • Pivot Energy's SEIA DEI certification