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Investors Launch Private Equity Climate Guide

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Today investor groups have launched a new guide to climate change. The document, A Guide on Climate Change for Private Equity Investors, is aimed at private equity limited partners (LPs) and general partners (GPs). The updated guide contains information including how to measure carbon emissions and policy changes in line with the Paris Agreement.

Speaking about the guide Tom Murley, Director at HG Capital and Chair of the investor working group that produced the guide, said: “With growing awareness of climate change, it is increasingly important to institutional investors that they can assess the climate investment risks and opportunities in their portfolios, both in listed companies and in private equity. 

“Historic environmental due diligence, focused on compliance and liabilities, does not address these new risks. Therefore, most of the world’s leading investors, including private equity limited partners, are incorporating climate risk in manager selection. 

“For private equity this means how managers identify, manage and report on climate risks and opportunities in their investment and portfolio management processes.  Ensuring the LP and GP interests are aligned on climate issues will become a key factor in screening GPs seeking to raise new capital.”

Stephanie Pfeifer, CEO of IIGCC, added: “Asset owners are demanding greater consideration of climate change opportunities and risks by their internal investment teams and external managers, in both listed and unlisted investments. This updated guide for private equity investors sets out a range of practical ways to address the transition to a low carbon economy through better engagement with all parts of the investment supply chain with a focus on improved monitoring, management and reporting.”

The guide updates IIGCC’s 2010 A Guide on Climate Change for Private Equity Investors. It is aimed at institutional investors who are limited partners (LPs) in private equity funds or private equity fund managers, general partners (GPs) managing these funds. It explains:

– The changing policy background set to follow from the Paris Agreement

– The way investment-grade climate policies are beginning to materialise in Europe and other countries

– How to measure carbon emissions in private equity investment

– How to engage across the investment supply chain to reduce carbon asset risk in this asset class

– How to seek out low carbon investment opportunities.

Fiona Reynolds, Managing Director of PRI said: “We are delighted to partner with the IIGCC to revisit and update their pioneering 2010 guidance on climate change for private equity investors. A timely follow-up to COP21, the guide provides a means to harmonise LP and GP approaches at a time of unprecedented investor momentum on climate change.”

James Holley, UK Head of Responsible Investment at KPMG, who co-ordinated the drafting of the guide on behalf of the investor working group, added: “Now that climate change is recognised as a material risk across many asset classes, consultancy firms are being asked increasingly by clients to support them address these issues in a more transparent manner. Likewise, these same clients are looking closely at a wide range of new opportunities emerging in low carbon technology. This guide will help private equity investors enhance their understanding of the latest climate-related regulatory and market trends and provide them with some practical examples on how to integrate these issues into their routine investment decision making.”

Environment

Want to Connect With Nature? Start by Disconnecting From Busyness

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Connect With Nature

Have you ever found yourself staring at one of your (many) devices and feeling slightly disgusted with how much time you waste on technology? If so, you aren’t alone. We all have moments like these and it’s important that we use them as motivation to change – especially if we want to be more connected with nature.

How Busyness Impacts Your Connection With Nature

Whether you realize it or not, you live an ultra connected life. Between smart phones, tablets, computers, and wearable devices, you’re never very far from some sort of technology that can connect you to the internet or put you in touch with other people. That’s just the world we live in.

While it could be argued that this sort of omnipresent connectivity is a positive thing, it’s also pretty clear that being permanently tethered to technology impacts our ability to strip away distractions and connect with nature.

When you’re always within arm’s reach of a device, you feel a sense of busyness.  Whether it’s browsing your social media feed, uploading a picture, reading the news, or responding to an email, there’s always something to do. As someone who wants to spend more time in nature, this is problematic.

4 Practical Ways to Disconnect

If you want to truly connect with nature and live a greener lifestyle, you have to be proactive about finding ways to disconnect. Here are a few practical suggestions:

1. Switch to a New Phone Plan

It’s not always practical to totally unplug from the world. Family and work responsibilities mean you can’t go off the grid and continue to fulfill your responsibilities. Having said that, there are some ways to scale back.

One suggestion is to switch to a prepaid phone plan. When you have a prepaid phone plan, you’re far less likely to spend hours and hours of your time making phone calls, sending texts, and surfing the web. It forces you to be more conscious of what you’re doing.

2. Get Rid of Social Media

Social media is one of the biggest time wasters for most people. Whether you realize it or not, it’s also a huge stressor. You’re constantly being exposed to the best snapshots of everyone else’s lives, which makes you feel like you’re missing out on something (even when you aren’t).

If you want to feel a sense of relief and free yourself up to spend more time in nature, get rid of social media. Don’t just delete the apps off your phone – actually disable your accounts. It’s a bold, yet necessary step.

3. Create Quiet Hours

If you aren’t able to get rid of social media and disable various online accounts, the next best thing you can do is establish quiet hours each day where you totally detach from technology. You should do this for a minimum of three hours per day for best results.

4. Build Community

Do you know why we’re drawn to social media and our devices? Whether consciously or subconsciously, it’s because we all want to be connected to other people. But do you know what’s better than connecting with people online? Connecting with them in person.

As you build real life, person-to-person relationships, you’ll feel less of a need to constantly have your eyes glued to a screen. Connect with other people who have an appreciation for nature and bond over your mutual interests.

Untether Your Life

If you find yourself constantly connected to a device, then this is probably a clear indicator that you aren’t living your best life. You certainly aren’t enjoying any sort of meaningful connection with nature. Now’s as good a time as any to untether your life and explore what a world free from cords, screens, and batteries is really like.

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Environment

6 Tips for an Eco-Friendly Move

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Moving can be a stressful and challenging time. No matter how many times you’ve done it in the past, the process of packing up, transporting, and unpacking isn’t very fun. It’s also not very eco-friendly. As you prepare for your next move, there are things you can do to ensure you leave less of a footprint behind.

6 Tips for a Greener Move

Because of the stress and pressure felt when moving, it’s pretty common for people to rush through the process and focus on getting it done. In fact, a lot of people take an “at all costs” approach; they’ll do whatever it takes to make the process as cheap and fast as possible. Don’t be one of those people. It doesn’t take much effort to turn a standard move into an eco-friendly move.

1. Maximize Each Trip

When moving across town, it’s imperative that you make as few trips as possible. Each trip requires more gas, more emissions, and more waste, and more time.

If you’re taking your personal vehicle, consider pulling a trailer behind it. You’d be surprised how much stuff you can fit into a small trailer. Not only will it make your move greener, but it’ll also save you a lot of time.

2. Donate Things You Don’t Want to Keep

The longer you live somewhere, the more junk you accumulate. This isn’t always obvious until you start packing for a big move. Instead of bringing all of these things with you to your next home, get rid of the stuff you don’t need! If the items are useful, donate them. If the items don’t have much value, toss them.

3. Reuse Moving Boxes

Not only are moving boxes expensive, but they’re also wasteful. If you need a bunch of cardboard boxes, consider looking around on Craigslist, asking friends, or checking the dumpsters behind stores. You can usually find a bunch of recycled boxes of all different shapes and sizes. Here are 12 places you can get them for free.

4. Get Creative With Packing

Who says you need moving boxes? You may find that it’s possible to do most of your move without all that cardboard. Things like storage containers, trashcans, filing cabinets, buckets, and dressers can all store items. Blankets and sheets can be used in lieu of bubble wrap to prevent your items from getting damaged.

5. Use Green Cleaning Supplies

Once you arrive at your new place, resist the urge to pull out a bunch of harsh chemicals to clean the place. You can do yourself (and the planet) a favor by using green cleaning supplies instead. Ingredients like vinegar, baking soda, and ammonia are great to start with.

6. Forward Your Mail ASAP

Don’t delay in forwarding your mail from your previous address to your new one. Not only is it wasteful for the Postal Service to route your mail to a place where you don’t live, but the next owner is probably just going to toss your letters in the trash.

Moving Doesn’t Have to be Wasteful

Most people only move once every few years. Some people will go a decade or more without a move. As a result, the process of moving often feels strange and new. The less experience you have with it, the less likely it is that you’ll be as efficient as you should. But instead of just diving into the process blind, take some time to learn about what an eco-friendly move looks like. That way, you can leave behind the smallest footprint possible.

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