Tattarang is committed to investing to address the critical challenge of climate change.
We believe we can use our capital and position to lead and accelerate a timely transition to a low-carbon and climate-resilient economy.
The science is clear that human-induced climate change is real. Tattarang accepts the scientific assessment of the Intergovernmental Panel on Climate Change (IPCC). In the same spirit, Tattarang supports:
- The UN Framework Convention on Climate Change, the ultimate objective of which is to stabilise atmospheric greenhouse gas concentrations at a level that would prevent dangerous anthropogenic (human induced) interference with the climate system.
- The Paris Agreement, through which most governments of the world have committed to action that limits global temperature rises to well below 2 degrees Celsius relative to pre-industrial levels, and to pursue efforts to limit the temperature increase to 1.5 degrees Celsius above pre-industrial levels.
Our portfolio is diverse and spans multiple sectors, hence we have adopted a principles-based approach to decarbonisation across our wholly owned portfolio companies:
- To eliminate emissions, focused on energy efficiency and the phase out of fossil fuels
- To act now, using available technologies without waiting for breakthroughs
- To avoid using carbon offsets as a substitute for real action on decarbonisation
Collectively, we must act with all speed and determination to eliminate emissions. Climate change is already exacerbating environmental degradation and as a society, we must also adapt to protect human health and threatened ecosystems through environmental conservation measures.
If we do not act, we risk leaving enormous challenges, and terrestrial and marine ecosystem-wide destruction to the next generation.
