2024 Private Equity Climate Risks Scorecard & Report
October 2, 2024
The updated Private Equity Climate Risks scorecard and report reveals the top 21 private equity firms invested in oil and gas and includes a set of climate demands to hold private equity accountable.
2024 Private Equity Climate Risks Scorecard
With over a trillion dollars in energy investments that generate high greenhouse gas emissions, private equity firms have an outsized role in accelerating the climate crisis.
New research for this edition of the scorecard exposes the staggering extent of these investments, revealing that the energy portfolios of leading private equity firms are responsible for 1.17 gigatons of annual emissions. That’s 1.17 billion metric tons of CO2 equivalent—concentrated in sectors like upstream fossil fuels, Liquefied Natural Gas (LNG) terminals, and coal plants.
Despite controlling vast networks of energy assets deeply embedded in our global economies, private equity firms remain largely unregulated, evading the financial disclosures that would expose the true extent of their environmental impact. As of July 2024, a staggering 67 percent of the energy portfolios of the 21 private equity firms featured in this report are still invested in fossil fuels.
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