Climate Change Data

TPG Inc.

Climate Impact & Sustainability Data (2020-2021, 2023)

Reporting Period: 2020-2021

Environmental Metrics

Total Carbon Emissions:4,060 metric tons CO2e (2020)
Scope 1 Emissions:0
Scope 2 Emissions:45%
Scope 3 Emissions:55%
Renewable Energy Share:11% (portfolio companies' electricity consumption)

ESG Focus Areas

  • Climate Change
  • Diversity, Equity, and Inclusion
  • Impact Investing

Environmental Achievements

  • Carbon neutral firm-level footprint in 2020 and 2021 through offsetting.
  • Reduced operational emissions by 80% in 2020 compared to 2019 due to the pandemic.
  • Preliminary assessments of financed emissions completed for 90%+ of investments.

Social Achievements

  • 73% of U.S.-based portfolio companies' boards have both gender and racial/ethnic diversity in 2021.
  • 120 women directors appointed since 2017.
  • ~50% of TPG’s last two associate classes are women and/or racially and ethnically diverse.
  • Various DEI initiatives including employee affinity groups, inclusive talent and benefits programs, and trainings.

Governance Achievements

  • Updated Global ESG Performance Policy in 2021.
  • A+/A+ rating from PRI in 2020.
  • ESG performance actively managed across multiple functions with an ESG Strategy Council.

Climate Goals & Targets

Long-term Goals:
  • Portfolio companies to achieve net-zero emissions (various target years).
Medium-term Goals:
  • Portfolio companies to implement carbon footprint tracking from 2021 onwards.
  • Portfolio companies to jumpstart clean energy initiatives within the next year.
Short-term Goals:
  • Reduce portfolio companies' waste sent to landfills by 20% by 2024.
  • Reduce portfolio companies' carbon emissions by 10% by 2021.

Environmental Challenges

  • Supply chain disruptions due to COVID-19.
  • Pandemic-related delays in ESG progress.
  • Material climate-related risks in certain portfolio assets.
Mitigation Strategies
  • Development of alternative sourcing strategies.
  • Adaptation of ESG work to pandemic conditions.
  • Qualitative scenario analysis aligned with TCFD principles to understand climate risk exposure.

Supply Chain Management

Responsible Procurement
  • Supplier code of conduct (71% of portfolio companies)
  • Processes for ensuring diverse mix of suppliers (81% of portfolio companies)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Supply chain disruptions
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Investments in climate solutions (TPG Rise Climate)

Reporting Standards

Frameworks Used: SASB, GRI, TCFD, UN PRI

Third-party Assurance: GHD (2019), NSF International (2020)

Sustainable Products & Innovation

  • Investments in companies developing sustainable products and services (e.g., Greenhouse, Benevity, Element Markets, Halo Branded Solutions, BeautyCounter).

Awards & Recognition

  • Various awards for portfolio companies (e.g., Glassdoor Best Place to Work, Forbes Cloud 100).

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:14,352 tCO2e (operational emissions)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:91% of waste diverted from landfills in San Francisco office renovation
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity, Equity, and Inclusion
  • Responsible Investing

Environmental Achievements

  • Reduced CO2 emissions per overnight stay by about 78% since 2015 at a&o Hostels (on track to be net zero by 2025)
  • Wilderness Safaris saved approximately 5 million kWh of energy each year through solar and hybrid power
  • Nextracker tracks its greenhouse gas emissions, reports to CDP annually, and conducts supplier trainings on emissions reduction

Social Achievements

  • Launched TPG NEXT to support underrepresented alternative asset managers
  • 71% of global new hires in 2023 are racially or ethnically diverse, gender diverse, or identify as LGBTQ+
  • GoHealth completed over one million appointments for patients in lower resource and income settings
  • Singlife invested over S$670 million and committed an additional S$610 million into sustainable assets

Governance Achievements

  • Established a clear and definite plan for founder succession and long-term governance by an independent board of directors
  • Nearly 500 diverse directors have joined TPG portfolio company boards since 2017
  • Over 75% of U.S.-headquartered portfolio companies have both gender and racial or ethnic diversity represented on their boards

Climate Goals & Targets

Long-term Goals:
  • Singlife publicly committed to net zero emissions by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • a&o Hostels to be the first European hostel chain that is net zero by 2025

Environmental Challenges

  • Supply chain disruptions in the solar sector
  • Managing climate-related risks across a diverse global portfolio
  • Meeting evolving ESG standards and stakeholder expectations
Mitigation Strategies
  • Formed a consortium among solar portfolio companies to share best practices
  • Developed processes and tools to identify, assess, and manage climate risks
  • Provides advisory support to portfolio companies on ESG strategy development and value creation

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Solar Supply Chain Consortium
  • Prioritizing environmentally friendly products in office operations

Climate-Related Risks & Opportunities

Physical Risks
  • Physical risks inherent in portfolio companies' operations
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Investments in climate solutions

Reporting Standards

Frameworks Used: SASB, TCFD, UN PRI

Certifications: Null

Third-party Assurance: ERC Evolution

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed