Palatine to put full portfolio through Carbon Literacy training

Palatine Private Equity has rolled out carbon literacy training across its portfolio of companies.

The PE house putting its full portfolio through the internationally-recognised training including 87 senior individuals from Palatine.

The move, which will coincide with Earth Day 2021 on 22 April, underlines the firm’s 10-year leadership in integrating Environmental, Social and Governance (ESG) into its portfolio to accelerate business growth sustainably.

Established by the Manchester-headquartered Carbon Literacy Project, carbon literacy training provides organisations with an awareness of the climate-related costs and impacts of their activities, and the ability and motivation to reduce greenhouse gas emissions.

The training is being delivered by sustainability specialist Anthesis, which became part of the Palatine portfolio earlier this year.

With a global workforce of 600 consultants across 17 countries, Anthesis supports companies, cities and organisations with financially driven sustainability strategies, underpinned by technical expertise. It is one of the Carbon Literacy Project’s accredited delivery partners.

Steph Wall, ESG director at Palatine, said: “Ensuring that both we at Palatine and our portfolio businesses are Carbon Literate is another step in our commitment to generate positive ESG impact, effect change and build sustainable businesses.

“As an investor, our biggest environmental impact is through our portfolio companies which touch many market sectors.  Therefore, it’s important to educate the portfolio to make changes to decarbonise the economy and build a sustainable future.

“This training will equip them with new insights and tools to build resilience and take advantage of the growth opportunities presented by a net zero carbon future while also encouraging more collaboration and knowledge-sharing across our portfolio.”

Brad Blundell, UK managing director of Anthesis, added: “We’ve entered the decisive decade – with ten years to effect meaningful change to address the climate crisis. The more forward-looking organisations like Palatine who recognise the value of becoming Carbon Literate, the more positive change we can collectively effect.”