Stonepeak issued its inaugural Task Force on Climate-related Financial Disclosures (TCFD) report for the calendar year 2021 which provides a broader update on how the firm is managing carbon and climate-related risks and opportunities across its business and investment activities. The report highlights that knowledge and management of risk is firmwide, substantive, and championed from the top; climate risks, decarbonization, and GHG performance are a major focus of the firm’s stewardship activities with portfolio companies; and, that Stonepeak has improved, and aims to continue to improve, the depth and consistency of GHG and climate risk reporting the firm performs internally and across its portfolio.

This inaugural report underscores Stonepeak’s commitment to the Net Zero Asset Managers initiative and its broader aims to be a responsible investor. As part of the initiative, Stonepeak has committed to:

  • Work in partnership with its clients on decarbonization goals, consistent with an ambition to reach net zero emissions by 2050 or sooner across all assets under management;
  • Set an interim target for the proportion of assets to be managed in line with the attainment of net zero emissions by 2050 or sooner; and
  • Create investment products aligned with net zero emissions by 2050 or sooner and facilitate increased investment in climate solutions.

ESG considerations have long been fundamental to Stonepeak’s investment and asset management practices, and the firm has committed to rigorously and transparently incorporate responsible investment and asset stewardship into every facet of its operations.

Read the report here.