Climate Change Data

Warburg Pincus LLC

Climate Impact & Sustainability Data (2019, 2020, 2023-07 to 2024-07, July 2022 to June 2023)

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Social Responsibility
  • Corporate Governance

Environmental Achievements

  • 1&1 Ionos reduced power consumption by 30% in its newest data center and by 10% overall through various Green IT initiatives.
  • Monolith Materials developed a significantly cleaner process for producing carbon black and hydrogen, reducing CO2 and other emissions by 70% per ton.
  • Antero Resources implemented initiatives to reduce methane emissions and Antero Midstream improved water management through a closed-loop system and wastewater treatment facility.
  • Mosaic expanded solar adoption through loan financing, achieving approximately 30% market share in the US residential solar market.
  • CleanMax Solar generated 750 GWh of solar electricity annually, abating CO2 emissions equivalent to removing nearly 720,000 passenger vehicles from the road.

Social Achievements

  • Varo Money democratized financial access, saving customers tens of millions of dollars in banking fees.
  • Lemon Tree Hotels and Sequoia Logística prioritized hiring persons with disabilities, with Sequoia hiring over 80 employees with disabilities in 2018.
  • Rivigo improved road safety and working conditions for truck drivers in India through its relay model.
  • GO-JEK improved livelihoods in Indonesia, contributing an estimated $3 billion in added value to the economy in 2018.
  • Fusion Microfinance empowered women entrepreneurs in rural India by providing small-ticket loans.

Governance Achievements

  • CrowdStrike enhanced cybersecurity through its Falcon platform, processing and analyzing over 1 trillion events per week.
  • Assent Compliance and Supplier Assessment Services supported supply chain transparency through cloud-based software solutions.
  • Kosmos Energy implemented transparent business practices, publishing all its contracts and project-level payments to foreign governments.

Climate Goals & Targets

Environmental Challenges

  • Data centers and data transmission networks are emerging sources of energy demand.
  • Traditional carbon black production methods result in heavy air pollution.
  • Water use and emissions impacts of hydraulic fracturing operations.
  • Access to banking services is a major issue facing many people in the United States.
  • High unemployment rates for persons with disabilities.
  • Difficult lifestyles and dangerous conditions for truck drivers in India.
  • Opaque and complex supply chains.
  • Poor natural resource governance in the extractives industry.
Mitigation Strategies
  • Implementing Green IT practices (1&1 Ionos, Avaloq).
  • Developing cleaner industrial materials production methods (Monolith Materials).
  • Implementing water management systems and emissions recovery technologies (Antero Resources, Antero Midstream).
  • Providing no-fee mobile banking services (Varo Money).
  • Prioritizing hiring persons with disabilities (Lemon Tree Hotels, Sequoia Logística).
  • Implementing a relay model to improve driver lifestyles and safety (Rivigo).
  • Providing cloud-based software solutions for supply chain data management (Assent Compliance, Supplier Assessment Services).
  • Promoting transparency and accountability in the oil and gas sector (Kosmos Energy).

Supply Chain Management

Responsible Procurement
  • Green Purchasing Program utilizing preferred vendors with sustainable practices.
  • Supply chain data management software solutions (Assent Compliance, Supplier Assessment Services).

Climate-Related Risks & Opportunities

Opportunities
  • Green IT practices
  • Renewable energy adoption
  • Energy efficiency projects

Reporting Standards

Frameworks Used: UN Principles for Responsible Investment, UN Global Compact, American Investment Council’s Guidelines for Responsible Investment

UN Sustainable Development Goals

  • SDG 3 (Good Health and Well-being)
  • SDG 5 (Gender Equality)
  • SDG 7 (Affordable and Clean Energy)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 10 (Reduced Inequalities)
  • SDG 12 (Responsible Consumption and Production)

The report highlights several investments that contribute to these SDGs.

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
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:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental health and safety
  • Climate change
  • Diversity and inclusion
  • Data privacy
  • Cybersecurity
  • Supply chain risk management
  • Human rights
  • Responsible procurement
  • Corporate governance
  • Social responsibility
  • Community investment
  • Employee well-being

Environmental Achievements

  • Pregis developed the EcoGauge app to help customers measure the environmental impact of damaged products.
  • CleanMax Solar generated 825 GWh of solar electricity annually, abating approximately 792,000 tons of CO2 emissions.
  • Velvet Energy eliminated freshwater usage in hydraulic fracturing, reducing water demand by 73,800 truckloads.

Social Achievements

  • Portfolio companies provided essential medical services, PPE, testing, and other support during the COVID-19 pandemic.
  • Companies provided free parking for medical workers, free online courses for students, and rent reductions for tenants.
  • Initiatives to support hiring of veterans and under-represented groups.

Governance Achievements

  • BitSight provides cybersecurity risk assessment services to over 2,100 customers, including government agencies.
  • Fortius offers a supply chain risk management platform to assess suppliers on various risk criteria.
  • Updated ESG policy incorporating AIC Guidelines, UN Principles for Responsible Investment, and UN Global Compact.

Climate Goals & Targets

Long-term Goals:
  • Greater economic, gender, and racial inclusion.
Medium-term Goals:
  • Develop climate governance tools and metrics considering TCFD recommendations.
  • Explore new opportunities in the global transition to low-carbon energy.
Short-term Goals:
  • Expand support to portfolio companies on sustainability strategy, reporting, cybersecurity, and diversity initiatives.

Environmental Challenges

  • COVID-19 pandemic highlighted economic and racial inequities and impacted business operations.
  • Cybersecurity risks and data privacy concerns.
  • Supply chain disruptions.
Mitigation Strategies
  • Established a COVID-19 online resource portal and conducted expert briefings for employees and portfolio companies.
  • Expanded cybersecurity program and partnered with cybersecurity companies.
  • Developed resources and portfolio-wide ESG initiatives to assist portfolio companies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Green Purchasing Program utilizing preferred vendors with sustainable practices.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Investments in renewable energy (CleanMax Solar).

Reporting Standards

Frameworks Used: AIC Guidelines for Responsible Investment, UN Principles for Responsible Investment, UN Global Compact, SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Good Health and Well-being
  • Affordable and Clean Energy
  • Decent Work and Economic Growth
  • Reduced Inequalities
  • Responsible Consumption and Production

Several portfolio companies address these SDGs as part of their business models.

Sustainable Products & Innovation

  • Pregis's Renew-branded recyclable and recycled content packaging.
  • CleanMax Solar's solar power solutions.

Awards & Recognition

  • CleanMax Solar won the Transformational Business Award 2018.

Reporting Period: 2023-07 to 2024-07

Environmental Metrics

Total Carbon Emissions:10,295 tCO2e/year (firm-level)
Scope 1 Emissions:68 tCO2e/year
Scope 2 Emissions:1,280 tCO2e/year
Scope 3 Emissions:8,947 tCO2e/year
Renewable Energy Share:100% (US electricity via RECs; 100% in European offices)

ESG Focus Areas

  • Climate Change
  • Diversity, Equity, & Inclusion
  • Corporate Governance
  • Responsible Investing
  • Cybersecurity

Environmental Achievements

  • Purchased Renewable Energy Credits (RECs) to match 100% of the electricity consumed in our U.S. office locations.
  • Procure 100% renewable energy in European offices.
  • Partnered with ClimeCo to construct a carbon credit portfolio that involves both industrial decarbonization and nature-based solutions.

Social Achievements

  • Launched two additional employee networks, bringing the total to six.
  • Donated to over 500 organizations in more than 20 countries.
  • Employees held over 65 non-profit board seats.

Governance Achievements

  • Formal ESG Committee made up of senior leaders.
  • ESG Policy outlines firm-wide approach to integrating material sustainability topics.
  • Rigorous Code of Ethics, Compliance Manual, and Personal Trading Policy.

Climate Goals & Targets

Environmental Challenges

  • Increasingly complex business landscape
  • Evolving regulatory requirements across the EU
  • Rising sustainability expectations in regions like Vietnam
Mitigation Strategies
  • Developed flexible engagement models tailored to regional, industry, and ownership nuances.
  • Hosted webinars and onsite teach-ins for portfolio companies.
  • Developed industry-focused engagement tools and tactical guides.

Supply Chain Management

Responsible Procurement
  • ESG considerations integrated into due diligence process

Climate-Related Risks & Opportunities

Physical Risks
  • Wind
  • Flood
  • Wildfires
  • Heat
  • Drought
  • Cold
  • Precipitation
  • Hail
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Investments in renewable energy, decarbonization technologies, and carbon markets

Reporting Standards

Frameworks Used: TCFD, UNPRI

Third-party Assurance: Apex Companies LLC (2019-2021); WAP Sustainability Consulting (2022-2023)

Sustainable Products & Innovation

  • Pregis' EverTec™ mailers
  • Eco Material Technologies' sustainable cementitious materials

Awards & Recognition

  • StorHub's ESG Initiative Award at the 2024 Self Storage Awards Asia Ceremony

Reporting Period: July 2022 to June 2023

Environmental Metrics

Scope 1 Emissions:0 tCO2e (2021), 62 tCO2e (2022)
Scope 2 Emissions:1,087 tCO2e (2021), 1,165 tCO2e (2022)
Scope 3 Emissions:4,010 tCO2e (2021), 8,762 tCO2e (2022)

ESG Focus Areas

  • Climate Change
  • Diversity, Equity, and Inclusion
  • Corporate Governance
  • Supply Chain Management
  • Cybersecurity

Environmental Achievements

  • Scale Microgrids' projects estimated to reduce GHG emissions by almost 1 million MTCO2e.
  • Princeton Digital Group targets PUE of 1.2-1.4 for new data centers and aims for 100% renewable energy by 2030.
  • Geek+ robots saved 140,000 tons of carbon emissions and 16 million kWh in energy in 2022.

Social Achievements

  • Alignment Healthcare reduced 30-day readmission rates by 26% and ER visits by 52% compared to 2019.
  • GCash has over 81 million registered users, expanding financial inclusion in the Philippines.
  • Expanded firm-level employee resource groups and engaged with portfolio companies on DE&I and supplier diversity.

Governance Achievements

  • A-LIGN helps companies navigate cybersecurity and compliance, addressing increased demand for certifications.
  • Quantexa's Decision Intelligence Platform empowers organizations with data-driven decision-making.

Climate Goals & Targets

Environmental Challenges

  • Climate-related risks (physical and transition)
  • Cybersecurity threats
  • Data quality in ESG reporting
Mitigation Strategies
  • Piloted scenario analysis for physical climate risks.
  • Developed cybersecurity framework based on CIS standards.
  • Facilitated teach-in sessions and one-on-one engagements to improve data quality.

Supply Chain Management

Responsible Procurement
  • Supplier diversity program

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Investments in renewable energy and energy transition

Reporting Standards

Frameworks Used: TCFD, UNPRI, AIC Guidelines, IFRS Sustainability Alliance (formerly SASB Alliance), GHG Protocol

Third-party Assurance: Apex Companies LLC (2019-2021), WAP Sustainability Consulting (2022)