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While publicly traded companies often dominate the headlines, private companies are a much larger part of the globaleconomy. Last year, it attracted $575 million in investments to help it roll out its decarbonization plan and announced that all new customers will be powered by 100% renewable energy.
To ensure they meet the minimum PAB criteria, each index sets an initial 50% reduction of absolute greenhouse gas (GHG) relative to the standard Bloomberg parent (Euro, US, or Global) corporate index, followed by an annual 7.5% decarbonization relative to the baseline emissions. Click here to read the complete press release.
Originally published in Bloomberg's 2023 Impact Report Structural and systemic shifts accompanying climate change, such as resource scarcity, new technologies and regulations, pose business risks and offer opportunities to issuers and investors globally.
Investors increasingly recognize the urgency of climate change and have allocated a growing amount of capital to sustainability efforts, with $500 billion dedicated to decarbonization in 2020 – double the amount invested in 2010. At Blackstone, we’ve structured our carbon accounting program as an integral part of active decarbonization.
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