Climate Action
Climate risk is a financial risk
We are in the decisive decade for tackling climate change, and the years until 2030 will be make or break in achieving climate stability.
As the UK transitions to a low-carbon economy, every business must understand how climate factors affect cost, regulation, resilience and competitiveness.
At Palatine, we have set a validated science-based target, aligned with a 1.5°C pathway. This target underpins our approach to climate risk management and guides how we engage with our portfolio companies, supporting them to measure emissions, set credible reduction plans and strengthen long-term resilience.
Managing our emissions
Palatine’s 2025 carbon footprint is 7,436.2 tCO2e, which equates to 165.3 tCO2e / person.
We have reduced our operational emissions by 98% since 2021 and our priority remains eliminating our emissions. In the interim, we have offset our scope 1, scope 2, and scope 3 (business travel and employee commuting only), purchasing 48 tCO2e of carbon offsets with Organic Carbon. Organic Carbon works with UK farmers to generate carbon credits through long-term sequestration whilst enhancing and protecting our natural soils.
Climate action in practice
We believe climate action requires more than ambition.
We are the first private equity firm to become a carbon literate organisation, and have renewed our Silver-level accreditation in 2026. We have educated 319 people in Palatine, our portfolio companies and our investors. This demonstrates significant dedication to carbon reduction, with carbon-literate citizens typically realising carbon savings of 5-15% (Jacobs 2018).
Papilo, a sustainable waste management provider in our portfolio, is a strong example of what carbon literacy can look like when a business takes full ownership.
After completing our training, the team built its own in-house programme and trained 18 employees in 2025. Ashleigh Duke, ESG Lead at Papilo, shares what made this shift from participation to ownership possible, and what comes next.
“The largest influence of the training has been the way that people are now talking about climate change. Where people may have felt that making any sort of tangible change was impossible and out of reach, employees now feel that they are better equipped to share ideas, start conversations and challenge misconceptions in a much more constructive way.”
Ashleigh Duke
ESG Lead at Papilo