The private equity climate risk scorecard

Share of

energy

portfolio

companies

invested in

fossil fuels

Private

equity

firm

Number of

fossil fuel

companies

Rating

Carlyle/

NGP

76%

42

F

Warburg

Pincus

97%

28

D

KKR

78%

28

D

Brookfield/

Oaktree

53%

40

D

Ares

76%

16

D

Apollo

74%

14

D

Blackstone

52%

11

D

TPG

25%

2

B

Share of

energy portfolio

companies invested

in fossil fuels

Private

equity

firm

Number of

fossil fuel

companies

Rating

Carlyle / NGP

76%

42

F

Warburg Pincus

97%

28

D

KKR

78%

28

D

Brookfield / Oaktree

53%

40

D

Ares

76%

16

D

Apollo

74%

14

D

Blackstone

52%

11

D

TPG

25%

2

B

Number of

fossil fuel

companies

Disclosure of fossil

fuel exposure,

emissions and impacts

Share of energy portfolio

companies invested

in fossil fuels

Private equity

firm

Rating

Carlyle / NGP

76%

42

Partial

F

Warburg Pincus

97%

28

Partial

D

KKR

78%

28

No

D

Brookfield / Oaktree

53%

40

Partial

D

Ares

76%

16

No

D

Apollo

74%

14

Partial

D

Blackstone

52%

11

Partial

D

TPG

25%

2

Partial

B

Number of

fossil fuel

companies

Disclosure of fossil

fuel exposure,

emissions and impacts

Share of energy portfolio

companies invested

in fossil fuels

Private equity

firm

Rating

Carlyle / NGP

76%

42

Partial

F

Warburg Pincus

97%

28

Partial

D

KKR

78%

28

No

D

Brookfield / Oaktree

53%

40

Partial

D

Ares

76%

16

No

D

Apollo

74%

14

Partial

D

Blackstone

52%

11

Partial

D

TPG

25%

2

Partial

B

Number of

fossil fuel

companies

Disclosure of fossil

fuel exposure,

emissions and impacts

Share of energy portfolio

companies invested

in fossil fuels

Private equity

firm

Rating

Carlyle / NGP

76%

42

Partial

F

Warburg Pincus

97%

28

Partial

D

KKR

78%

28

No

D

Brookfield / Oaktree

53%

40

Partial

D

Ares

76%

16

No

D

Apollo

74%

14

Partial

D

Blackstone

52%

11

Partial

D

TPG

25%

2

Partial

B