Tag: Goldman Sachs

Growth equity investor General Atlantic has formed a new venture called BeyondNetZero, targeting early-stage climate solutions. The platform aims to raise $3bn from clients in addition to an existing $1bn provided by General Atlantic funds. It will be chaired by John Browne, who was Group Chief Executive of oil giant BP between 1995 and 2007, and is currently a Senior Advisor to General Atlantic. It will form a strategic partnership with sustainability consultancy SYSTEMIQ, which will help develop an in-house method of measuring, disclosing and addressing carbon emissions. 

The Transition Pathway Initiative, a group of asset owners focused on promoting credible corporate climate transition plans, has asked the TCFD to go back to the drawing board on its plans for an Implied Temperature metric. In a letter this week, the group reiterated its concerns about the current proposals, which it suggests would result in a lack of credible informa…