COP 27 – why climate change matters to businesses

COP 27 – why climate change matters to businesses

This week marks the beginning of COP27, an event where world leaders gather to deliver action on a range of issues critical to tackling the climate emergency.

From urgently reducing greenhouse gas emissions, building resilience, and adapting to the inevitable impacts of climate change, COP27 serves as an important reminder on the importance of delivering on our collective commitments to protect the planet.

Climate change will also be need to be more of a focus for businesses, if we don’t collectively reduce carbon emissions businesses will face into disruption to supply chains, increased political regulations and costs, and additional operational impacts. Businesses who don’t take responsibility for their emissions are likely to limit growth and will have to consider the reputational impact – for customers, employees and investors.

At NorthEdge and across the portfolio we are taking pro-active steps to ensure we have a positive impact on our people, our planet and the communities we operate in, including:

  • Offsetting our Scope 1, 2 & Operational Scope 3 operational emissions for 2021 activity – the third successive year we have offset 100% of our emissions
  • Committing to becoming an accredited Carbon Literate Organisation – one of the first private equity firms to do so
  • Supporting 14 portfolio companies to take steps towards building a Net Zero plan, including building our own with support from Positive Planet
  • Joining the Data Convergence Project in its inaugural year to align on a standardised set of ESG metrics across the private investment industry
  • Running regular portfolio forums and using Nexus, our digital community platform, to share ESG best practice and connect our leadership teams over topics such as Net Zero, mental health and cyber security

To find out more about climate change and the ongoing impact for businesses, click here to view our infographic, or watch the video below as Lucie Mills, the Partner responsible for Value Creation & ESG at NorthEdge, shares her reflections on why we as investors care about climate change.

For more information, please contact our press office at BIG Partnership - northedgepr@bigpartnership.co.uk