Investcorp-Tages CO2 Offsetting
Investcorp-Tages Carbon Footprint for the year 2024 was developed in compliance with the indications and the methods detailed by the GHG Protocol, published by the World Business Council for Sustainable Development and the World Resources Institute. According to the GHG Protocol, sources of emissions are organized by Scopes.
The collection of data gathered by Investcorp-Tages from the three different offices (Milan (Italy), London (UK) and New York (USA)) include: Scope 1: fleet, to Scope 2: heating and electricity, Scope 3: business travel, purchase of goods and services and employees commuting.
In the chart below you can find the aggregate data of CO2 emissions for each location based on 2024 results.
Scopes |
Milan |
London |
New York |
| Scope 1 | 1,121Kg | N/A | N/A |
| Scope 2 | 4,078.02 Kg CO2 | 8,986 Kg CO2 * | 6,213 Kg CO2 |
| Scope 3 | 91,762 Kg CO2 | 248,188 Kg CO2 | 139,130 KG CO2 |
*no fuel consumption is recorded for heating purposes in the office located in London, since the heating is provided by heating pumps.
The two methodologies used in order to gather data are: market-based approach and location-based approach. On one hand the Location Based Approach method quantifies Scope 2 GHG emissions by electricity based on average generation emissions factors for defined geographic locations (Milan, London and New York) on the other hand the Market Based Approach quantifies the Scope 2 GHG emissions by electricity of a reporter based on GHG emissions issued by the generators from which the reporter contractually purchases electricity bundled with contractual instruments or their own instruments.
The activity data are represented by the bills specifying the consumptions in kWh, but these are cut considering the share of electricity produced with renewable resources, specified in the agreement with the electricity provider. Since the agreement with the provider specifies the requirement of a full (100%) provision of electricity from renewable resources, the activity data can be considered as null.
The actual supply of 100% of renewable energy by the provider is certified by the Guarantees of Origins released by the Gestore Servizi Energetici – GSE, the Italian national society in charge to promote the development and production of energy from renewable sources. The calculation method used to assess the emissions for all the three scopes is represented in tons.
InvestcorpTages commitment is still ongoing and aims to continue to calculate our CO2 footprint, in order to contain emissions to the extent possible, for 2024 emissions, the company decided to offset them with certified carbon credits.
Our commitment to sustainability is practiced both externally, as part of ESG incorporation into the investment process, and internally with the adoption of sustainable business practices.