Climate Change Data

Investcorp Capital plc

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:5,188.3 tCO2e (Investcorp Group, FY23)
Scope 1 Emissions:84.9 tCO2e (Investcorp Group, FY23)
Scope 2 Emissions:2,325.7 tCO2e (Investcorp Group, FY23)
Scope 3 Emissions:2,777.8 tCO2e (Investcorp Group, FY23)
Renewable Energy Share:29% (Investcorp Group, FY23)
Total Energy Consumption:6,856.1 MWh (Investcorp Group, FY23)
Carbon Intensity:10.4 tCO2e per full-time equivalent (Investcorp Group, FY23)

ESG Focus Areas

  • Good Governance
  • People and Culture
  • Climate Action

Environmental Achievements

  • Increased use of renewable electricity and biogas in Investcorp Group’s operations, resulting in a 23% decrease in Scope 1 and 13% decrease in Scope 2 emissions despite an increase in activity levels.

Social Achievements

  • Strengthening diverse recruitment and retention policies and practices; Prioritising diversity at the board level in U.S. and European investment portfolios; Building on its commitment to educational advancement.

Governance Achievements

  • Strengthening the effectiveness of sustainability governance and controls; Enriching understanding through data-driven insights; Building capacity through training and collaborative partnership.

Climate Goals & Targets

Long-term Goals:
  • Investcorp Group has made a formal commitment to support the goal of net zero greenhouse gas (‘GHG’) emissions by 2050 or sooner and has a climate transition plan in line with this commitment.

Environmental Challenges

  • Ongoing economic uncertainty and subdued market conditions caused by inflation, elevated interest rates, and geopolitical risk.
  • Higher than anticipated costs related to rising interest rates negatively impacting investor distributions in some real estate portfolios.
  • One office building negatively impacted by the COVID-19 pandemic and current office market sentiment.
Mitigation Strategies
  • Successful execution of an $800 million refinancing through a revolving credit facility.
  • Strategy to bring underperforming real estate portfolios back in line with plan.
  • Proactive property type selection and portfolio composition management focusing on Residential and Industrial assets.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Standards (for “Asset Management & Custody Activities”), ADX ESG Disclosure Guidelines

Third-party Assurance: Deloitte and Touche (M.E.) (limited assurance on selected sustainability metrics of Investcorp Group’s GHG emissions statement for FY23)

Awards & Recognition

  • Investcorp Group was recognized as one of the ten Forbes Middle East’s Sustainable 100 “Sustainability Leaders” in the “Investment” category (2023).