Cinven

Cinven's Carbon Emissions and Climate Commitments

Cinven, a UK-based financial intermediation services firm, is actively working to reduce its carbon footprint and has set ambitious climate targets.

Latest Emissions Data:

For 2024, Cinven reported its carbon emissions as:

• Scope 1: 23,000 kg CO2e
• Scope 2 (market-based): 52,000 kg CO2e
• Scope 3: Approximately 14.5 million kg CO2e, with significant contributions from purchased goods and services (12.33 million kg CO2e) and business travel (1.944 million kg CO2e).

Looking at previous years, Cinven's emissions were:

• 2023: Scope 1 emissions were approximately 143,000 kg CO2e, including 120,000 kg CO2e from fugitive emissions. Scope 2 market-based emissions were 48,000 kg CO2e. Scope 3 emissions totalled approximately 17.092 million kg CO2e, with purchased goods and services at 15.226 million kg CO2e.
• 2022: Scope 1 emissions were 1,000 kg CO2e, Scope 2 market-based emissions were 62,000 kg CO2e, and Scope 3 emissions were approximately 6.93 million kg CO2e.
• 2021: Scope 1 emissions were 14,000 kg CO2e, Scope 2 market-based emissions were 88,000 kg CO2e, and Scope 3 emissions were approximately 247,000 kg CO2e.

No specific emissions data is available for 2019 or 2020.

Climate Commitments and Targets:

Cinven has robust climate commitments, with Science Based Targets initiative (SBTi) targets cascaded from its related organisation, Cinven Limited.

• Near-term SBTi Targets: Cinven has set near-term SBTi targets classified as consistent with a 1.5°C warming scenario. These targets cover its operations (Scopes 1 and 2) and portfolio.
  • As of 2023-09-14, Cinven's near-term target for company operations (Scopes 1 and 2) was set for 2027. The portfolio targets covered 93% of its total investment and lending activities (by invested capital as of 2021).
  • A more recent update from 2026-04-23 indicates near-term targets for company operations (Scopes 1 and 2) consistent with a 1.5°C warming scenario by 2030. Portfolio targets now cover 97% of its total investment and lending activities (by invested capital as of 2024).
• Long-term SBTi Targets: Cinven has also set long-term SBTi targets, classified as consistent with a 1.5°C warming scenario, by 2040 (as of 2026-04-23).
• Net-Zero Commitment: Cinven has committed to achieving net-zero global emissions by 2050 at the latest. As of the 2026-04-23 update, its net-zero commitment status is "Targets set."