Investindustrial sets SBTs for emissions

The targets are set for 2030 and are aligned with the 1.5°C pathway outlined in the Paris Agreement, according to a statement. The pathway aims to limit global warming to well below 2°C (preferably to 1.5°C) versus pre-industrial levels.

The GP has committed to ensuring that all operational and financing activities within the portfolio result in net zero greenhouse gas emissions. Ways in which the firm plans to achieve this include fully adopting renewable energy by 2030, as well as forming science-based targets for its current and future portfolio companies to be validated by 2030 onwards. The GP aims to neutralise any residual emissions via verified nature-based emissions removals.

Investindustrial is a certified B Corp and a member of the Net Zero Asset Managers initiative, the firm said in a statement.

Investindustrial is headquartered in London and makes investments in the consumer goods, industrial and healthcare services sectors. The GP held a final close for Investindustrial VII in November 2019 on EUR 3.75bn; the fund backs lower-mid-market deals with equity tickets of EUR 50m-100m, as well as mid-market deals with tickets of around EUR 350m.

The GP's recent investments include the acquisition of Italy-based clothes and accessories manufacturer Zegna in a USD 3.2bn reverse takeover. Following Zegna's public listing, Investindustrial held an 11% stake in the company via its special-purpose acquisition company.

In addition to its flagship funds, Investindustrial manages a EUR 375m Growth Fund that invests equity tickets of EUR 10m-50m in European lower-mid-market luxuries, furniture and industrial businesses.

EQT announced in October 2021 that it had set emissions SBTs, as reported. The GP announced the launch of its impact-driven EQT Future fund later that month with a EUR 4bn target, as reported.

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