EMK Capital has been officially recognised by the Science Based Targets initiative (“SBTi”) as the first private equity firm to set a science-based target (“SBT”) using a portfolio coverage target based on absolute GHG emissions.
Using portfolio companies' absolute emissions to define science-based target coverage helps prioritise high-emitting companies within EMK’s portfolio. The SBTi published EMK’s approved target wording and temperature alignment on the 19th of October, 2023, available to view here.
SBTi determined EMK’s target as the most ambitious designation available through the SBTi process, being in line with a 1.5°C trajectory.
As a result, EMK is officially recognised as part of the community of companies and financial institutions that are taking vital steps to help deliver a net-zero economy. By joining the SBTi, EMK is ensuring its climate action is in line with the latest science.