Environmental
Climate change threatens every aspect of our collective wellbeing, including the investment landscape. The U.S. economy stands to lose between 1 percent to 4 percent of GDP annually by the end of the century through effects to mortality, labor, and the energy sector alone under a high emissions scenario.1
Governments and regulators are increasing sustainability commitments and requirements in response to the urgency of the situation. Increasingly, companies will be required to provide detailed reporting of their climate-related risks, emissions, and net-zero transition plans.
Globally sustainability is rated as an important purchase criterion for 60% of consumers, and one-third of consumers are willing to pay a premium for sustainable products or services.2
Sustainability strategies can significantly reduce costs and affect operating profits by as much as 60%.3
The Vistria Group is committed to responsibly addressing climate change at every opportunity.
Vistria is engaged in the process of potfolio- wide carbon accounting and plans to report on its findings in 2023.
Vistria remains committed to minimizing our environmental footprint. As such, the firm is building an internal offset program and establishing broader climate programs in line with the Science-Based Targets Initiative, Carbon Disclosure Project, and the Task Force on Climate-Related Financial Disclosures.
We aim to achieve carbon-neutral portfolio status and will share our progress on this effort as our plans advance.
The Vistria Group recognizes the significant threat that global climate change poses to all business and investors. While our investments are not concentrated in portfolio companies that have significant direct impact on global warming, deforestation, or pollution, the firm is committed to playing a meaningful role in addressing this crisis and doing our part to reduce our climate contributions, including carbon emissions. We firmly support the climate recommendations set out by the task force on climate-related financial disclosures and the goals set out by the Paris Agreement.
We will continue to seek to make meaningful efforts to protect the environment and to work with our portfolio company management teams to minimize their carbon footprints through measurement and management. We will continue to seek to share additional, specific commitments and progress toward these goals.
- https://epic.uchicago.edu/wp-content/uploads/2021/02/Climate-Change-the-U.S.-Economic-Future.pdf
- https://eciu.net/analysis/infographics/net-zero-history
- https://www.businesswire.com/news/home/20211014005090/en/Recent-Study-Reveals-More-Than-a-Third-of-Global-Consumers-Are-Willing-to-Pay-More-for-Sustainability-as-Demand-Grows-for-Environmentally-Friendly-Alternatives
