ICG is a global alternative asset manager with a track record of over 30 years. ICG joined the Net Zero Asset Managers Initiative in October 2021 and made its Initial Target Disclosure in February 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
25.7% of total AUM (USD $18.5 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
0% of portfolio companies setting a Science Based Target.
ICG commits that 50% of its relevant Structured and Private Equity and Real Assets direct investments by invested capital will have set science-based targets by 2026 and 100% by 2030 from a 2021 base year. (Relevant investments is defined as at least 25% equity ownership and at least one Board seat.)
GHG scopes included:
Scope 1 and 2 will be covered as standard per the SBTi Criteria and Recommendations, and Scope 3 will be covered as applicable and required, per that same guidance.
Science Based Target initiative for Financial Institutions
Proportion of AUM committed:
ICG’s target is based on the approach available within the SBTi PE Sector guidance and, as such, is applied to relevant corporate investments; those within Structured and Private Equity and Real Assets where ICG has sufficient influence, defined as at least 25% equity ownership and at least one Board seat. Over time, we will consider appropriate target setting for other asset classes in ICG’s portfolios if data is available and if applicable methodologies exist. Additionally, we will continue to work with peers to support data improvement and emerging methodologies in order to advance industry progress toward net zero, and better assess and measure our own portfolio.
Policy on coal and other fossil fuel investments:
ICG’s Climate Change Policy — covering 100% of ICG’s assets under management (AUM) — requires us to consider the implications of climate-related risk and opportunities in our investment research, valuation, and decision-making processes. This includes our exclusion list.