TCFD Report 2024
Click on “Download Publication” to the left for Actis’ 2024 TCFD Report.
Task Force on Climate-related Financial Disclosures: Foreword
We cannot avoid the reality that climate change is a global challenge that demands concerted action. Its impacts are here, being felt worldwide, and will only intensify over time.
While we at Actis fully recognise the scale of this challenge, we also see the opportunities it presents and want to be part of the solution. As a leading growth markets investor in sustainable infrastructure, we are deeply committed to our role as responsible stewards of capital. We invest in sustainable sectors and seek to create sustainability leaders because we believe this to be a great way to create value while protecting the downside of our investments – helping to secure stronger returns for our LPs while doing good for the communities and countries in which we operate.
As a result, climate change considerations are embedded in every investment decision we make – not as an optional feature, but as a core principle of our philosophy. This commitment has been integral to our approach for many years.
Through our investments, we embrace the opportunities created by the global climate transition. Actis has pledged to manage 100% of its assets under management (AUM) in alignment with a 1.5ºC net zero pathway by 2050; and to drive progress against this long-term goal we have set interim targets: 60% of AUM aligned with net zero by 2030, and 50% of AUM to be allocated to climate solutions by 2030.
I take pride in what we have achieved so far. Since inception, Actis has invested in businesses that have built or operated 25GW of renewable energy. In 2024 alone, Actis investments helped avoid over 1.2 million tCO2e. Importantly, our efforts go beyond large-scale renewable energy generation. Actis is also a significant investor in critical enabling infrastructure, including electricity transmission grids and distribution networks, as well as other infrastructure assets that require climate risk and opportunity assessments. A key aspect of our work is that we prioritise sharing knowledge and insights across our portfolio to maximise efficiency, draw additional benefits from our scale, and increase our collective impact.
Last year, we joined General Atlantic (GA), becoming its sustainable infrastructure business. This partnership, which provides greater possibilities and solutions to our investors, reflects the ambition both firms have in their commitment to sustainability and the energy transition.
This report builds on last year’s inaugural report, sharing an update on the progress we have made towards enhancing our portfolio’s resilience to climate change. As always, our work continues, and we remain deeply committed to our mission: transforming infrastructure for a better tomorrow.
Torbjorn Caesar
Chairman and Senior Partner
Actis