Dependent: Climate scenario analysis and risk integration in due diligence Advent applies IPCC SSP physical-risk scenarios (SSP5-8.5 status quo; SSP1-2.6 ambitious) and NGFS transition scenarios (Current Policies; Net Zero 2050) at the sector level across its five sectors. External consultants assess sustainability and climate risks during due diligence using SASB and GRI frameworks; enhanced due diligence is undertaken where critical risks are identified.
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Switched to 100% renewable electricity tariff Energy supplied through a 100% renewable electricity tariff backed by U.K.-recognised origin certificates, verified by The Carbon Trust, materially reducing market-based Scope 2 emissions.
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Enhanced financed-emissions data collection In 2024, Advent integrated climate considerations throughout the investment lifecycle with a focus on enhancing data collection and reporting, including a sustainability data collection initiative for two recent funds. Data quality scores improved versus 2023.
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Dependent: Portfolio company carbon-footprinting and decarbonisation support Through its climate approach launched in 2023, Advent provides selected portfolio companies access to third-party GHG analysis providers and decarbonisation toolkits. Deal teams, the Portfolio Support Group, and the Sustainability team work with portfolio company management to develop practical climate strategies aligned with each company's business objectives. Engagement is at the Group's discretion and material-driven; no portfolio-company targets are mandated.
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Dependent: Financed-emissions measurement via PCAF Scope 3 Category 15 financed emissions are calculated using PCAF's Global GHG Accounting Standard for the Financial Industry and iCI's Private Equity guidance, with attribution factors based on Advent's proportional share over EVIC (listed equity) or total equity plus debt (unlisted). 2024 financed emissions were 19.5 MtCO2e; the Group flags this as the dominant emissions source and the key data-quality focus area.
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Primary: Office energy efficiency and electrification AI Ltd operates from a single central London office building refurbished in 2022 to an all-electric design, eliminating natural gas use. Total energy consumption fell from 1,155,261 kWh in 2023 to 949,381 kWh in 2024.
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Private Markets Decarbonization Roadmap (PMDR) visualisations developed Advent developed PMDR visualisations for selected recent funds to communicate with LPs on portfolio companies' decarbonisation progress.
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100% renewable electricity tariff with REGO certificates Since the 2022 refurbishment to an all-electric London office, AI Ltd procures 100% renewable electricity through a tariff backed by U.K.-recognised guarantees-of-origin certificates and verified by The Carbon Trust. This eliminated Scope 1 natural-gas emissions and materially reduced market-based Scope 2 from 297 to 82 tCO2e between 2023 and 2024.
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