Carbon

Man-made climate change and the need for rapid and socially equitable decarbonization presents a generational challenge. We believe this presents an unprecedented opportunity for investment in technology and infrastructure which will support a complete overhaul of one of the most important sectors in the world.

We believe a successful global energy transition will require trillions of dollars of capital in key areas:

  • The responsible ownership and transformation of carbon-intensive energy infrastructure.
  • The rollout of renewable energy generation and storage infrastructure at scale.
  • The establishment of green hydrogen and biofuels at industrial scale to support those parts of the economy that cannot be electrified.
  • The repurposing of existing energy infrastructure to support newer, cleaner technologies.

As a global investor in essential infrastructure, we own and operate assets in the industries that are central to both solving this complex challenge and creating the groundbreaking solutions that will be required to facilitate a carbon neutral future.

We recognize our important role and responsibility in the transition and are fully engaged in this mission on behalf of all our stakeholders.

Our Commitment to Managing GHG Emissions

Stonepeak has made commitments towards a goal of Net Zero 2050 (reducing carbon output consistent with limiting global warming to no more than 1.5°C by 2050) – as signatories to both the Task Force on Climate-Related Disclosures (TCFD) and the Net Zero Asset Managers Initiative (NZAM).

We have established measurable and reportable plans to achieve our carbon reduction commitments and implementation is well underway, including:

 

Measurement and reporting of Stonepeak firm-level GHG footprint (Scope 1, 2, and 3 emissions)
Requiring controlled portfolio companies to track and report GHG emissions
Committing to report emissions and climate risk-related activities via annual TCFD reporting
Establishing emissions reduction plans for controlled portfolio companies aligned to appropriate sector or market standards, including interim targets
Attributing a portion of portfolio company senior management discretionary compensation towards the achievement of emissions reduction goals and other sustainability outcomes linked to the business’ operating risk or financial returns profiles

Reporting

Our TCFD report for the calendar year 2022 provides an update on how Stonepeak is managing carbon and climate-related risks and opportunities across our business and investment activities.

View all our reports & policies