CVC is committed to maximising returns through the creation of sustainable value for its stakeholders. CVC recognises that building climate resilience by proactively managing material climate-related transition and physical risks and opportunities, is an important part of creating long-term value and fulfilling our fiduciary duty to investors and shareholders.
We continue to evolve our understanding of the transition and physical risks both in our own operations and in our portfolio.
Corporate emissions
Our corporate operational emissions (Scope 1 and 2) are predominantly the result of the running of our offices. We aim to reduce these emissions by:
- Procuring renewable energy, or purchasing Energy Attribution Certificates for sites that do not procure renewable energy
- Electrifying our vehicle fleet
- Considering energy efficiency in new leases
By purchasing renewable electricity, we have significantly reduced our Scope 2 emissions and plan to do the same in future years.
SBTi-validated targets
In 2022, when our business consisted of the Private Equity and Credit platforms, we set Science Based Targets initiative (SBTi) targets which, if met, will contribute to the objective of limiting global warming to 1.5°C, in line with the Paris Agreement. The targets were approved by the Board of CVC and validated by the SBTi in 2023.
Our target for corporate emissions is to reduce absolute Scope 1 and 2 GHG emissions in the operations of our Private Equity and Credit strategies by 73% by 2030 from a 2019 base year.
The increase in Scope 1 and 2 emissions in 2024 is primarily due to the inclusion of refrigerant-related emissions, improving the completeness and accuracy of our data.
Portfolio emissions
In our role as manager and adviser to the funds’ investment portfolios, encouraging and supporting portfolio companies in managing and ultimately reducing their GHG emissions is a key element of how we aim to manage climate risk within the portfolio. It helps build resilience to climate‑related risks, and has the potential to reduce costs, for example, through energy efficiency and effective energy procurement. It also supports companies to take advantage of the opportunities of the low‑carbon transition, amidst heightened demands for innovation, regulation and disclosure.
In order to measure the decarbonisation progress of our portfolio, we have selected frameworks suited to the asset classes in the respective portfolios, namely SBTi for Private Equity, and Net Zero Investment Framework (NZIF) for Infrastructure.
Private Equity
Progress against portfolio decarbonisation target
Of eligible Private Equity investments with SBTi-validated targets at 31 December 2025
Within Private Equity, we have set a target to support 40% of our eligible private equity and listed equity investments in the Private Equity strategy to set SBTi-validated GHG emissions targets by 2027, and 100% by 2035. This target was itself validated by the SBTi in 2023.
Progress towards this goal began in 2022 and continues in line with expectations.
Infrastructure
Progress against portfolio aligning target
of Infrastructure investments aligning or better per IIGCC’s Net Zero Investment Framework at 31 December 2025
Within Infrastructure, we have set a target to achieve net zero across 100% of our portfolio by 2050 (interim target of 70% of AUM aligning or better by 2030) using the NZIF and associated guidance from the Institutional Investors Group on Climate Change (IIGCC). Progress against these targets continues in line with expectations.
CVC Planet and People Grants
We award People and Planet Grants to CVC's portfolio companies to accelerate progress on projects that have positive social and environmental impacts.
During the programme, our portfolio companies gain insights that they can share across the network to widen the reach of the projects.