EuNetworks is driving greater alignment between its ESG goals and day-to-day operations through its sustainability-linked debt financing focused on key social and environmental performance targets.
Stonepeak has made strong 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 net zero commitments and implementation is well underway, including:
Our TCFD report for the calendar year 2021 provides an update on how Stonepeak is managing carbon and climate-related risks and opportunities across our business and investment activities.
We believe that credible and achievable paths to Net Zero need to be tailored for the circumstances, challenges, and opportunities unique to each region and sector and that Science Based Targets (SBTs) represent a robust third-party verification of credible emissions reductions pathways in line with the Paris Agreement and a 1.5°C Net Zero future.
Where feasible, we seek to utilize SBTs or other recognized frameworks to establish controlled portfolio company emissions reduction plans.