Global alternative asset management Tikehau Capital announced today a new ambition to reach €5 billion of assets dedicated to addressing climate change by 2025. The company also announced the launch of the Climate Action Centre, a new platform to be headed by newly appointed Group Climate Director Pierre Abadie.
Tikehau currently manages €30.9 billion of assets, across four primary asset classes, including private debt, real assets, private equity and capital markets strategies. The new goal would mark a significant growth for its climate-focused assets, with the group more than €1.5 billion in capital commitments to combat climate change over the past 10 years. The company’s climate-focused strategies are classified as Article 9 under the EU SFDR, indicating that they fulfill the requirements to of funds that promote sustainable investing objectives, and Tikehau stated that its €5 billion ambition includes a goal for all of the assets to be similarly classified as Article 9.
The new Climate Action Centre will focus on decarbonisation, biodiversity, sustainable agriculture and food, the circular economy and sustainable consumption, and include more than 30 investment professionals, Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More experts and senior advisors. Tikehau stated that it expects to add several climate and sustainable finance specialists to the platform in the coming months.
Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital, said:
“We strongly believe that we can have a significant impact on climate change through our investment approach, which is why we are committing to increase our investment in fighting the climate emergency. With the launch of our Climate Action Centre, we want to channel the Group’s expertise, entrepreneurial spirit and agility towards the decarbonisation of the economy. Pierre Abadie’s climate expertise and conviction, combined with the teams that are working across our climate strategies, will be key to the success of this major project.”
Abadie joined Tikehau in 2018, and has been serving as Co-head of Tikehau Capital’s T2 Energy Transition private equity fund, a role he will maintain in addition to his new position. Prior to joining the firm, Abadie worked for 16 years at energy giant Total, most recently as Director Business Development – Gas, Renewable & Power – Trading.
“The decarbonisation of our economy is essential in limiting global warming to below 1.5°C. With the launch of the Climate Action Centre, we want to accelerate our commitment towards combatting climate change across our investment strategies with the objective of contributing to halving CO2 emissions by 2030.”