Ardian co-founded the Initiative Climat International (iCi) with four other GPs in 2015 in an effort to create a collaborative platform which provides practical tools for private investment firms to help fight climate change.
Ardian believes that the private equity sector will be better able to tackle climate change if companies work together.
Initiative members sign up to a statement recognizing the impact of climate change on the economy and commit to integrating climate issues into their investment processes. They also commit to measuring the emissions of majority-owned portfolio companies where these are materially significant.
The aim is to create open-source tools and support material to help signatories integrate climate change-related issues throughout their portfolio.
Since launching, 43 financial organizations have joined the iCi, which was backed by French private equity and venture capital association France Invest and then endorsed by the UN PRI in 2018.
The PRI aims to use the Initiative Climat International, the only climate finance initiative focused on unlisted investments, to help firms to develop private equity specific ways to implement forward-looking climate risk assessments, in line with the recommendations of the Taskforce for Climate-related Financial Disclosure (TCFD).
Through our involvement in the infrastructure working group that we are leading, we have been helping to develop a tool that provides climate-related risks and opportunities for each type of infrastructure asset.
In 2019, Ardian hosted the PRI in Person workshop “Get up to speed on climate change”. This event aimed to provide GPs with practical tools and knowledge to address climate change risks and opportunities in private investments.