Capricorn Investment Group
Capricorn Investment Group is an investment management firm headquartered in Palo Alto, California with an office in New York. It joined the Net Zero Asset Managers Initiative on 29 March 2021 and its initial target disclosure was published on 1 November 2021.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
73% of total AUM (USD $7.519 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Portfolio decarbonisation reference baseline
2020: approx. 500,000t CO2 emissions across Scopes 1, 2 & 3.
Portfolio decarbonisation reference target
30% reduction of GHG emissions
GHG scopes included:
All scopes across portfolio holdings.
Science Based Target initiative for Financial Institutions
SBTi-FI Sectoral Decarbonisation Approach. Where SDA is not applicable, portfolio coverage approach will be used.
Proportion of AUM committed:
The proportion included represents the assets over which we have discretionary investment control. We will work with our LPs across our remaining assets, most of which are clean technology companies, to achieve net zero alignment.
This commitment gets 60% of the way to a reduction of GHG emissions by half in 2030.
Policy on coal and other fossil fuel investments:
Full divestment of fossil fuels since 2010. Full exclusion – all holdings. Partial exemption for legacy hydrocarbon assets of utilities rapidly expanding renewable energy.