- Inaccurate or incomplete GHG emissions data from some portfolio companies
- Challenges in capturing and reporting Scope 3 emissions
- Supply chain disruptions due to climate events and the pandemic
- Limited ESG improvement in 2020
EV Private Equity
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, EV Private Equity disclosed greenhouse gas emissions of 27.3K tCO2e/year (Scope 1-3). By scope: Scope 1: 21.1K tCO2e/year; Scope 2: 1.5K tCO2e/year; Scope 3: 4.7K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
27.3K tCO2e/year (Scope 1-3)
2021
📊 Emissions by Scope (2021)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 21.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 4.7K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 27.3K tCO2e/year (Scope 1-3) |
| 2020 | 23.4K tCO2e (Portfolio Total) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 9% reduction in Scope 1+2 carbon intensity (despite a 30% increase in aggregated revenue)
- 64% reduction in Scope 2 carbon intensity
- Offsetting EV operations' CO2 equivalent of 78,000kg in 2021
- Portfolio companies achieved an aggregate avoided emissions of -68,471 tonnes of CO2e
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 carbon intensity by 7% per annum
📅 Medium-term
- Achieve validation from Science Based Targets initiative (SBTi) by 2022
- Portfolio companies to achieve 80/20 rule for Scope 3 emissions by 2021
🔭 Long-term
- Net zero emissions
🌱 ESG Focus Areas
Climate ChangeGreenhouse Gas Emission ReductionDiversity & InclusionHealth and SafetyResponsible Investment