Intermediate Capital Group
Primary Climate Goal
Intermediate Capital Group's target annual Scope 1 + 2 emissions for 2030 should be equal to 0.12 Kt = 80% * 0.6 Kt, according to the company's stated climate goal.
In order to achieve this goal, Intermediate Capital Group would need to reduce its emissions at least by -0.008267 Kt per annum over the period from 2022 to 2030:
-0.008267 Kt = ( 0.12 Kt - 0.2 Kt ) / (2030 - 2021)
This translates into a -4.2% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Intermediate Capital Group aims to reduce Scope 1 + 2 by 80% by 2030 from a base year 2019
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Intermediate Capital Group reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 0.2 Kt (-0.35 /-64.2% y-o-y). Also positively, carbon intensity plunged to 0.2 t (-0.8 /-80% y-o-y).
Intermediate Capital Group's Scope 3 emissions plunged to 0.04 Kt (
The company is committed to reducing Scope 1 + 2 by 80% by 2030 from a base year 2019, which translates into the estimated reduction of -0.008267 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Intermediate Capital Group also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. ICG commits that 50% of its relevant Structured and Private Equity and Real Assets direct investments by invested capital will have set science-based targets by 2026 and 100% by 2030 from a 2021 base year. ICG’s portfolio targets cover 22.5% of total investment and lending activities as of June 2021. Full target: https://sciencebasedtargets.org/resources/files/ICG_final.pdf