Accent Equity has committed to set science-based emissions reduction targets aligned with the Paris Agreement’s goal to limit global warming to 1.5°C. Climate change is impacting human and natural systems and scientists across the globe are clear: there is an urgent need to take effective climate action to limit global warning and mitigate the effects of climate change. Accent Equity acknowledge the critical role financial institutions and corporations play for climate change mitigation and strongly believe that the commitment to the Science Based Target initiative (SBTi) is a necessity to create resilient companies with sustainable returns.
“As one of the first investment funds in the Nordics, we are proud to announce our commitment to set science-based targets for us and our portfolio companies. We were among the first to adopt and include the UN Principles for Responsible Investments in our value enhancement methodology and we strongly believe that our commitment to SBTi is a necessity to continue to be one of the leading investment funds in our space” says Niklas Sloutski, CEO of Accent Equity. “The private equity sector has a critical role in mitigating climate change and driving sustainability practices. This commitment will not only enable us to set goals in line with the latest climate science but also enable us to further emphasise and improve sustainability performance in all portfolio companies”.
“The SBTi defines and promotes best practice in setting emissions reduction targets and will become a central part of our sustainability strategy. We look very much forward to taking the next steps in future-proofing our work in line with the Paris Agreement”, says Johanna Nilsson Palm, Sustainability Manager at Accent Equity.
The next step for Accent Equity is to formalize greenhouse gas emission reduction targets and have them validated by the Science Based Target initiative (SBTi) within two years.
For more information, please contact:
Niklas Sloutski, CEO, niklas.sloutski@accentequity.se
Johanna Nilsson Palm, Sustainability Manager, johanna.nilsson-palm@accentequity.se
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science, in alignment with the pathways described in the Paris Agreement to limit global warming to 1.5°C vs. pre-industrial levels. The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The new science-based target PE guidance was released in November 2021 and is tailored to the unique business models and asset classes of private equity firms.
About Accent Equity:
Accent Equity has since 1994 invested in private Nordic companies where a new partner or owner can serve as a catalyst. Our ambition is to invest in and develop the companies to be Nordic, European or Global leaders through a professional, hands-on and long-term oriented approach that results in superior and sustainable returns.
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