TPG

TPG designates functions, teams, or committees within the organization to be responsible for implementing its sustainability strategy. It clearly identifies the nature-related impacts linked to its provision of products, services, and capital. Additionally, the institution monitors its scope 1-2 emissions.

TPG’s ESG assessment focuses on financial materiality and aligns with the Sustainability Accounting Standards Board (SASB), yet lacks transparency in identifying and prioritising material sustainability impacts. It is recommended that performance criteria for senior executive remuneration be linked to specific sustainability targets. Approximately 1% of global AUM is invested in fossil fuel companies, but there is no specific disclosure regarding AUM linked to fossil fuels and it does not provide evidence of avoiding investments in new fossil fuel projects. While it monitors scope 3 emissions, it could expand its categories and clarify exclusions. Recommendations include disclosing a transition plan, ensuring emissions reduction aligns with interim targets, detailing client income group breakdowns, avoiding unintended divestment from low-income countries, assessing risks related to ILO rights, identifying social risks in the net zero transition, and providing examples of actions taken on salient human rights issues in the past three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.