EuNetworks
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.
Our path to Net Zero
Our commitments
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:
Measurement and reporting of Stonepeak firm-level GHG footprint (Scope 1, 2, and 3 emissions), and purchasing certified offsets for 100% of greenhouse gas emissions
Firm-level emissions-reduction of more than 50% by 2025 vs. a 2019 baseline
Requiring controlled portfolio companies to track and report GHG emissions
Committing to report emissions and climate risk-related activities via annual TCFD reporting
Establishing third-party verified 1.5°C Net Zero-aligned emissions reduction plans for controlled portfolio companies within two years of acquisition, including interim targets
Attributing a portion of senior management discretionary compensation at both the firm and portfolio company levels towards the achievement of specific emissions reduction goals and other ESG KPIs
Reporting
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.
Utilizing Science Based Targets (SBTs)
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 comprehensive rubric and robust third-party verification of credible emissions reductions pathways in line with the Paris Agreement and a 1.5°C Net Zero future.
We intend to utilize SBTs as the standard for all of our controlled portfolio company emissions reduction plans and are in the process of rolling out SBTs across our current portfolio.
Learn more about how our portfolio companies are embedding sustainability and Net Zero initiatives into their operations
Lineage Logistics
Lineage, the world’s largest temperature-controlled warehousing company, has committed to be net-zero carbon across its business operations by 2040 – 10 years ahead of the Paris Agreement.
TRAC Intermodal
TRAC has deeply embedded sustainability into its operations through its focus on recycling, waste mitigation, and carbon reduction.
Our approach to ESG
Learn more about the ways we have embedded ESG principles into our investment approach
Our impact
See how we are driving impact in our own operations and across our portfolio