eB Capital Gestão de Recursos
eB Capital Gestão de Recursos is an investment managed domiciled in Brazil. They joined the Net Zero Asset Managers Initiative in June 2023 and made their Initial Target Disclosure in October 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $1 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
Portfolio Coverage Approach (SBTi)
0% of eB private equity investments by GHG emissions have set science-based targets by 2021.
Target(s):
Portfolio coverage target
Portfolio Coverage Approach (SBTi)
100% of eB Capital private equity investments by GHG emissions will have set science-based targets by 2028.
GHG scopes included:
Our target was calculated considering the coverage of scope 1, 2 and 3 emissions from the assets under management. Therefore, we consider and require that the companies invested by eB Capital must to set SBT for scopes 1, 2 and 3.
Methodology:
Science Based Target initiative for Financial Institutions
Scenario(s):
We have set a Science-Based Target, which means we are committed to align our investments with the goals of the Paris Agreement. This commitment, along with the strategy taken to achieve the targets will contribute to the net zero transition. Through the Portfolio Coverage methodology, we commit to have at least 100% of our private equity investments by GHG Emissions by 2040.
Additional information
Proportion of AUM committed:
eB Capital is an alternative investment manager that specializes in actively and transparently investing in and managing real economy companies in Brazil. Our focus is to generate value by addressing the structural gaps within the country.
Target Boundary:
Given the nature of our business and in accordance with criterion PE-C18.2 of the SBTi for Financial Institutions, we have chosen to exclude from our target calculation methodology any AUM acquired 18 months prior to the target year that do not have validated SBTs for the purposes of target setting, tracking, and reporting.
Target Recalculation policy:
We adhere to the recommendations and criteria set by the SBTi for Financial Institutions to ascertain if there’s a need to recalibrate our engagement targets. In doing so, we will align with the most recent criteria available at the time of resubmission (Criteria PE-C23). We pledge to review our targets at least once every five years and in situations involving significant shifts within our portfolio. This includes acquisitions, divestitures, mergers, insourcing or outsourcing, changes in product or service offerings, variations in the proportion of investments by asset classes, the introduction of new products supported by existing
methods, or major updates based on the latest climate science
Policy on coal and other fossil fuel investments:
eB Capital supports a shift towards a low-carbon economy. We have endorsed the NZAM initiative, pledging to oversee 100% of our assets in accordance with a 1.5°C temperature increase limit, following the SBTi approach. Additionally, we are dedicated to establishing company-wide science-driven goals for greenhouse gas emissions consistent with 1.5°C trajectories. eB Capital has refrained from investing in businesses primarily involved in the extraction, processing, or refining of coal, tar sands, oil, or natural gas. We also abstain from funding companies that aim to boost thermal coal production. However, we are open to investing in companies with historical ties to fossil fuels, provided they present a credible and timely strategy to decarbonize their operations and offerings in alignment with 1.5°C guidelines. Our investment approaches are geared towards pinpointing companies throughout the wider economy that are earnestly working to cut their reliance on fossil fuels.