Carlyle Group
At a Glance
Industry
Financial Services and Insurance
Project Types
Clean and Renewable Energy, Data Analysis, Goals/Targets
Year
2021
Location
New York, NY
Summary
Emily helped to establish the carbon footprint of a portion of Carlyle’s portfolio companies and assisted with the provision of prioritized action items to increase climate resiliency.
Goals
The Carlyle Group is one of the world’s largest investment firms with $221 billion in assets under management. Carlyle enlisted EDF Climate Corps fellow Emily Perry to help design and execute the carbon footprinting of a portion of their private equity portfolio. This is the first step in Carlyle’s goal to release a TCFD report and support the long-term climate resilience of Carlyle portfolio companies.
Solutions
- Portfolio Company Engagement: Emily supported engagement with over 30 of Carlyle’s portfolio companies across the globe. She helped to assess how each firm tracks, measures, and manages their energy and/or carbon data. This included a discussion of relevant stakeholders, policies, metrics, goals, and initiatives.
- Carbon Footprint – Technical Analysis: Utilizing her technical background, Emily also aggregated and analyzed the carbon data, auditing pre-established portfolio company carbon footprints or calculating them from the bottom-up to find each company’s Scope 1 and 2 emissions.
- Identification of Key Themes and Best Practices: She identified key themes across portfolio companies, as well as outlined today’s best practices in TCFD reporting and disclosure. Emily also helped to contextualize this project while highlighting the value of carbon data by providing tools, recommendations, and potential next steps to portfolio companies.
Potential Impact
Emily’s work will allow Carlyle to gain a holistic picture of the climate-related exposure and resilience of their investment portfolio while strengthening Carlyle’s approach to impact. Her project will ultimately support long-term value creation by helping to identify and prioritize material ESG issues and opportunities across portfolio companies. This will provide Carlyle with a distinct competitive advantage as they work towards the transition to a low-carbon economy. Her work will also provide a quantitative rigor to Carlyle’s first TCFD report, targeted to be published in the Fall of 2020.