Permira — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2025· 3 events
The Responsible Investing Framework supports investment teams in identifying sub-sectors or activities excluded from investment at the time of investment due to specific risks. It currently applies to P8, P9, PCS5, PCS6 and PSO1 funds and is intended to be applied in a phased approach to future funds.
sustainability_report p.2
Permira engages portfolio companies on material climate risks/opportunities, including identifying material climate-related risks, considering carbon footprints, and engaging on target setting. The firm runs portfolio company webinars on key topics including carbon footprinting and margin ratchets.
sustainability_report p.5
Permira Credit offers and implements sustainability-related margin ratchets in loan documentation, where applicable, for Direct Lending and Permira Strategic Opportunities strategies. This pricing mechanism incentivises borrowers to meet sustainability KPIs.
sustainability_report p.5
2024· 19 events
Permira has a portfolio coverage target with 5-year and long-term milestones, requiring eligible portfolio companies to set SBTi-validated targets. Eligible companies include all listed equity investments and unlisted PE investments where Permira has a Board seat and funds hold ≥25% equity (companies held less than two years may be excluded). Baseline is 2022.
sustainability_report p.5
In 2024, Permira received validation from the Science-Based Targets initiative (SBTi) for science-based targets applying to Permira's direct operations and for its eligible portfolio companies to set SBTi-validated targets. Targets use a 2022 baseline.
sustainability_report p.5
Permira seeks to further contribute to climate action by investing in certified carbon credits from projects that support carbon emissions avoidance and removals, complementing its validated near-term science-based target for direct operations and portfolio coverage target with 5-year and long-term milestones.
sustainability_report p.6
Permira has set an internal near-term science-based target for its direct operations, validated by SBTi in 2024. This covers Permira's own corporate footprint and is part of the firm's commitment to lead by example in operating its business responsibly.
sustainability_report p.6
In January 2024, Permira's own SBTs were validated by SBTi, including a target to reduce scope 1 & 2 GHG emissions by 70% by 2030 from a 2022 baseline, and a portfolio coverage target (100% of eligible PCs by 2040, interim 35% by 2027).
sustainability_report p.26
Permira initiated development of an internal climate investing framework in 2023 and plans to launch the Climate Investing Framework in 2025 to help investment professionals assess climate-related investments.
sustainability_report p.17
Permira first reported Scope 3 Category 8 upstream leased assets (0.4 tCO2e) in 2024, expanding the scope of reported categories.
sustainability_report p.58
In September 2024, Brian Ruder and Dipan Patel became Co-Managing Partners and Co-CEOs, and Kurt Björklund became Executive Chairman.
sustainability_report p.5
During 2024, Permira onboarded a third-party climate and nature analytics platform to screen nature-related impacts, dependencies and location risks pre-investment, and applied this to screen PE and Direct Lending portfolios.
sustainability_report p.29
In 2024, Permira's London 80 Pall Mall office renewed BREEAM In-Use Excellent rating; Madrid office obtained Gold LEED certification.
sustainability_report p.57
Permira Credit launched its first US CLO, Menlo CLO I, including ESG exclusion criteria in CLO documentation.
sustainability_report p.51
Permira procures 100% direct clean electricity for 7 of 15 offices (covering 54% of total office space) and uses Energy Attribute Certificates (EACs) for 8 of 15 offices (covering 46% of office space). This drove a 76% reduction in scope 1 and 2 emissions since 2022, exceeding the SBTi 70% by 2030 commitment ahead of schedule. Across the portfolio, 39% average renewable energy consumption and 50% of buyout PCs procure renewable electricity.
sustainability_report p.58
Permira invested in certified carbon credits from projects that support carbon removals to address residual operational emissions, complementing direct emission reductions via clean energy procurement and EACs.
sustainability_report p.57
Scope 1+2 emissions reduced 76% since 2022 (from 471 to 112 tCO2e market-based) primarily through procuring clean electricity directly and via EACs across 15 Permira offices, plus BREEAM/LEED certified buildings.
sustainability_report p.57
Business travel represents 35% of Permira's scope 3 (excluding financed emissions) and rose to 11,439 tCO2e in 2024. Permira reinforced its 2023 Global Travel Policy and included sustainability criteria in selection of preferred hotels for global business travel.
sustainability_report p.58
Purchased goods & services accounted for 61% of scope 3 (ex-financed) and grew 77% YoY to 19,658 tCO2e driven by business growth. Permira launched a Global Environmental Policy in 2024 setting internal objectives on sustainable office management and procurement.
sustainability_report p.58
Permira's SBTi portfolio coverage target requires 100% of eligible PCs to set SBTi-validated targets by 2040 (35% by 2027). At end-2024, 18 PCs had validated or publicly-committed SBTs (vs 14 in 2023); 12% of invested capital covered by validated SBTi targets and 27% covered by SBTi target or commitment. Permira hosted 3 climate webinars on GHG accounting and SBTs, and has 2 Master Service Agreements with carbon accounting platforms.
sustainability_report p.26
In Direct Lending (PCS funds), 26% of PCS5 PCs have implemented ESG margin ratchets, with 5 further ratchets executed in 2024 bringing total to 13. Margin ratchets are used to incentivise sustainability KPI performance including climate-related metrics.
sustainability_report p.46
Permira established a dedicated Climate investing team (9 investment professionals, 2 partner co-heads) focused on four themes: (a) energy transition, (b) circular economy, (c) resource efficiency and (d) grid modernisation and resilience. Dual focus on hard assets/projects and enablers (products, services, technology).
sustainability_report p.28
2023· 15 events
Purchased goods (+32%) and capital goods (+85%) increases primarily due to change in calculation methodology, switching from global to country-specific spend-based conversion factors.
sustainability_report p.28
Business travel accounts for 43% of total emissions (9,693 tCO2e in 2023, +22% YoY). Permira refreshed its Global Travel and Expenses Policy and Environmental Policy Statement in 2023/4 to minimise unnecessary travel and encourage alternatives such as electric/hybrid taxis, public transport (trains) and car sharing.
sustainability_report p.28
Permira's SBTi portfolio coverage target commits 35% of eligible PE/listed equity portfolio to set SBTi-validated targets by 2027 and 100% by 2040, measured by invested capital from a 2022 base of 6.6%. By end-2023, 13% of invested capital was covered by SBTi-validated targets with a further 13% formally committed. PE investment, monitoring and value creation teams engage directly with portfolio companies, tracked using an in-house tool.
sustainability_report p.18
Key measures for scope 1+2 include purchasing renewable/clean energy at Permira's offices and considering energy efficiency opportunities in new leases and office refurbishments. All sites are asset-light office spaces.
sustainability_report p.18
Permira's Managing Partner co-led the SMI PE Taskforce Climate Working Group, publishing guidance on incorporating carbon into PE investment decisions. Permira integrates an approach focused on quantifying portfolio companies' potential exposure to regulated carbon pricing liabilities, performed pre-investment and in periodic portfolio reviews for buyout and growth strategies.
sustainability_report p.22
Set fund-level target for proportion of Permira VIII portfolio companies that develop a board-approved energy efficiency plan within 2 calendar years of investment.
sustainability_report p.17
As at 31 December 2023, Permira Credit's PCS5 fund had executed eight ESG margin ratchets in total. Climate is embedded within KPIs in different ways including external ESG ratings, GHG emissions reductions (e.g. energy efficiency, fleet efficiency) or submitting GHG targets to SBTi for validation.
sustainability_report p.19
Permira commits to reduce its absolute scope 1 and 2 GHG emissions 70% by 2030, from a 2022 base year. Target validated by SBTi.
sustainability_report p.18
This is Permira's inaugural climate disclosure aligned with TCFD recommendations, covering PALLP and PCL TCFD in-scope business.
sustainability_report p.5
Readjustments of 2023 data following an external review of Scope 2 emissions.
sustainability_report p.58
Permira's operational teams lead implementation of the scope 1 and 2 target. Key measures include purchasing renewable/clean energy at Permira's offices and considering energy efficiency opportunities in new leases and office refurbishments. By end of 2023, eight Permira offices directly procured 100% clean electricity, contributing to a 77% absolute scope 1+2 reduction vs the 2022 baseline. Low-carbon electricity (renewables, biomass, nuclear) is tracked as a firmwide metric.
sustainability_report p.18
Purchased goods and services represent 50% of Permira's footprint (11,091 tCO2e). Permira includes ESG-related criteria in supplier selection (business travel, events, hotels, restaurants, consultancy), including carbon footprint data and commitments to validated Science-Based Targets where relevant.
sustainability_report p.28
Permira commits to 35% of its eligible private equity and listed equity portfolio setting SBTi-validated targets by 2027, and 100% by 2040. Measured by invested capital with 2022 base year.
sustainability_report p.18
By end of 2023, eight Permira offices directly procured 100% clean electricity, driving 77% reduction in scope 1+2 emissions vs 2022 base year.
sustainability_report p.18
While emissions reductions are prioritised, Permira has also contributed to climate action by investing in certified carbon credits from projects that support carbon emissions avoidance and removals, procured from Climate Impact Partners and Cloverly. Removals are not used as a primary lever and durable removal types (DAC/BECCS) are not specified.
sustainability_report p.18
2022· 1 event
Permira's SBTi-validated targets are based on a 2022 baseline, covering listed equity investments and unlisted private equity investments where Permira has a Board seat and funds have ≥25% equity.
sustainability_report p.5
2021· 1 event
Permira became a founding member of the ILPA ESG Data Convergence Initiative in 2021, as well as joining ILPA's Diversity in Action and the Sustainable Markets Initiative Private Equity Taskforce.
sustainability_report p.6
2020· 1 event
Permira became a founding signatory of the UK Initiative Climat International (iCI) in 2020.
sustainability_report p.6