Intermediate Capital Group
Carbon footprint
Primary Climate Goal
Intermediate Capital Group aims to reduce Scope 1 + 2 by 80% by 2030 from a base year 2019
GHG emissions and Carbon intensity
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