Ik Partners

IK Partners, a UK-based company in the Services auxiliary to financial intermediation industry, reported total carbon emissions of approximately 942,000 kg CO2e in 2024. This figure comprises 50,000 kg CO2e from Scope 1 emissions, 10,000 kg CO2e from Scope 2 emissions, and 882,000 kg CO2e from Scope 3 emissions.

For 2022, IK Partners' emissions were 50,590 kg CO2e (Scope 1), 39,250 kg CO2e (Scope 2 market-based), and 628,760 kg CO2e (Scope 3). Key contributors to Scope 3 included business travel at 486,320 kg CO2e, employee commute at 84,280 kg CO2e, and capital goods at 30,540 kg CO2e.

Looking back, in 2021, the company's Scope 1 emissions were 44,410 kg CO2e, Scope 2 market-based emissions were 46,320 kg CO2e, and Scope 3 emissions totalled 439,170 kg CO2e. In 2020, Scope 1 emissions were 40,780 kg CO2e, Scope 2 market-based emissions were 70,630 kg CO2e, and Scope 3 emissions were 340,910 kg CO2e.

IK Partners has set a near-term Science Based Target initiative (SBTi) target, classified as 1.5°C, to cover 91% of its total investment and lending activities by invested capital as of December 2021, with a target year of 2030. These targets for Scope 1 and 2 emissions are consistent with keeping warming to 1.5°C. Additionally, a further SBTi target with a target year of 2026 also classifies as 1.5°C for Scope 1 and 2 emissions.

The company aims for 90% of emissions to be subject to direct or collective engagement and stewardship actions by 2030. They also targeted having 50% of Assets Under Management (AUM) invested in climate solutions by 2025, which is currently reported as not on track.

Between 2019 and 2024, IK Partners verified a total reduction of approximately 42% in combined Scope 1 and Scope 2 GHG emissions. More specifically, Scope 1 GHG emissions showed a reduction of about 20% from 2020 to 2024 compared to 2019 levels.