Founded in 1992 and headquartered in the United States of America, TPG Group is an alternative asset management company that manages $113.6 billion in assets. TPG Group invests in private equity funds, real estate funds, fund of hedge funds, and credit funds and has 1,013 employees working in 8 countries.
TPG discloses how it engages with portfolio companies on decarbonisation and climate resilience, including a programme to buildgreenhouse gasinventories for portfolio companies based on which it will advisethem on emissions reduction and decarbonisation.
In terms of its approach to senior leadership accountability, TPG has an opportunity to assign responsibility for sustainability to the group’s highest governing body and link the remuneration of its executive and management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution commits to gender equality and women’s empowerment. It has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. In addition, TPG has an opportunity to disclose abouta framework with success criteria and escalation points in its engagement process and describe how the engagement policy is applied in practice.
There is no evidence that TPG discloses a target to reach net-zero financed emissions by 2050. It could clarify whether it engages with its investees on the topic of alignment with the Paris Agreement. Furthermore, TPG could discloses the amount of its investment devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that TPG has a publicly available policy statement committing it to respect human rights. It has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Furthermore, financial institution could disclose the proportion of its total direct operations workforce for each employee category by age group, genderor another indicator of diversity. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of investments directed towards low-income developing countries.