Capman

Capman, a Finland-based financial intermediation services company, reported total emissions of approximately 322.9 million kg CO2e in 2025. This includes about 69,000 kg CO2e from market-based Scope 2 emissions and approximately 322.86 million kg CO2e from Scope 3 emissions. Scope 3 emissions were primarily driven by investments (around 320.82 million kg CO2e), followed by purchased goods and services (about 1.52 million kg CO2e), business travel (approximately 428,000 kg CO2e), and employee commute (around 67,000 kg CO2e).

In 2024, Capman's total emissions were about 258.32 million kg CO2e, with Scope 2 market-based emissions at approximately 70,000 kg CO2e and Scope 3 emissions at about 258.25 million kg CO2e. Key contributors to Scope 3 were investments (around 239.66 million kg CO2e) and business travel (approximately 17.01 million kg CO2e).

For 2023, total emissions were about 244.11 million kg CO2e, comprising around 32,000 kg CO2e from Scope 2 market-based emissions and about 244.05 million kg CO2e from Scope 3 emissions. Investments accounted for approximately 239.66 million kg CO2e of Scope 3, with purchased goods and services at about 1.68 million kg CO2e and business travel at approximately 2.66 million kg CO2e.

Looking back to 2022, Capman's total emissions were about 197.87 million kg CO2e, including approximately 60,000 kg CO2e from Scope 2 market-based emissions and about 197.80 million kg CO2e from Scope 3. Investments were the largest Scope 3 category at around 195.86 million kg CO2e. In 2021, the company reported Scope 1 and 2 emissions of about 58,000 kg CO2e. In 2020, Scope 2 purchased electricity was approximately 21,000 kg CO2e, and Scope 3 included business travel (around 71,000 kg CO2e) and purchased goods and services (approximately 17,000 kg CO2e). In 2019, Scope 2 purchased electricity was about 22,000 kg CO2e, and Scope 3 included business travel (around 347,000 kg CO2e) and purchased goods and services (approximately 20,000 kg CO2e).

Capman has set several climate commitments. They aim to reduce absolute Scope 1 and 2 GHG emissions by 51% by 2032 from a 2021 base year, with an ambition to increase annual sourcing of renewable electricity to 100% by 2030. This target aligns with a broader commitment to achieve net-zero emissions by 2040 for their operations and all investments, as per the SBTi Private Equity Sector SBT Guidance. Within their real estate portfolio, there is a target for in-use operational net-zero emissions by 2035 and embodied net-zero emissions by 2040.

The company has also committed to setting short-term GHG emission reduction targets by 2027 and 2032, using a 2021 baseline. Capman's near-term targets for Scope 1 and 2 emissions are classified as 1.5°C aligned by the Science Based Targets initiative (SBTi), with a target year of 2027. Their overall portfolio targets, covering 72% of total investment and lending by assets under management as of 2022, are consistent with a 1.5°C pathway.