Capital Dynamics commits to achieve Net Zero well ahead of the 2050 timeframe, extending its position as an ESG leader in the mid-market and strengthens its Responsible Investing capabilities with the hire of a dedicated ESG Specialist
ZUG, SWITZERLAND, 13 April 2022 - Capital Dynamics, an independent global private asset management firm, today announced its commitment to help drive actionable change on greenhouse gas emissions by signing the Net Zero Asset Managers initiative and joining the Partnership for Carbon Accounting Financials (PCAF). The Net Zero Asset Managers initiative, a consortium of 236 asset managers, supports the goal of reaching Net Zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit global warming to 1.5°C. A core part of this commitment is to ensure transparent and standardized measurement and reporting of financed greenhouse gas emissions. That is why Capital Dynamics joined PCAF, a global alliance enabling financial institutions to assess and disclose greenhouse gas emissions associated with their investment portfolios in line with the GHG protocol (the world's most widely used greenhouse gas accounting standards) and the recommendations set out by the Taskforce on Climate-related Financial Disclosures (TCFD).
Capital Dynamics is one of the first asset managers focusing on mid-market private assets with a substantial U.S. investment presence that is committed to achieving net zero emissions across the firm and its investment strategies. The implementation of a 5-Year Climate Plan will allow the Firm to take immediate action towards cutting financed greenhouse gas emissions and demonstrate its commitment to a Net Zero pathway. Capital Dynamics is dedicated to take account of portfolio carbon emissions, transparently report climate analytics, and Net Zero alignment to its clients and business partners.
This builds upon Capital Dynamics’ co-leadership of the Institutional Investors Group on Climate Change (IIGCC) Net Zero Investment Framework (NZIF) for Private Equity. The comprehensive guidance, developed in collaboration with Capital Dynamics, offers a coherent industry-wide approach to Net Zero, covering metrics, targets and implementation actions relevant to GPs and LPs.
“As an early adopter of ESG principles in the private markets, Capital Dynamics recognizes the important role that alternative asset managers like us can play in leading the transition to a Net Zero economy,” said Martin Hahn, CEO of Capital Dynamics. “In leading this transition, it is our belief that we can both benefit a broader set of constituents which will be impacted by environmental change and generate enhanced long-term investment returns for our clients. It is for these reasons that we are committed to taking immediate action in the advancement of Net Zero ambitions at the fund, asset, and operational levels of Capital Dynamics.”
The Firm also announced the appointment of Verena Rossolatos as Vice President, ESG Specialist. Building on Capital Dynamics’ long-standing commitment to responsible investment, Verena joins the Product Development and Strategy team where she will work closely with investment and business development professionals to further strengthen the Firm’s industry leading ESG offerings, thought leadership and achieving Net Zero across the Firm and its investment solutions. Verena will report directly to Bryn Gostin, Head of Product Development & Strategy and Chair of the Responsible Investment Committee.
“The appointment of Verena reflects the Firm’s ongoing commitment to strengthening its robust responsible investment credentials,” said Bryn Gostin. “Her deep background in ESG in the private markets positions us to continue to offer market-leading responsible investment solutions, which are customized to meet the growing ESG demands of our diverse client base. These investment solutions are designed in coordination with the emerging regulatory landscape for ESG, including the EU's Sustainable Finance Disclosure Regulation (SFDR), the Taskforce on Climate-related Financial Disclosures (TCFD), the UK Stewardship Code, and the developing guidance from the Securities and Exchange Commission. We welcome Verena to the team and look forward to her contributions.”
About Verena Rossolatos
Prior to joining Capital Dynamics, Verena was a Sustainable Investment Project Manager at UBS Asset Management, where she focused on the implementation of ESG regulation, including SFDR and EU Taxonomy. She has prior experience at Accenture, State Street and Deutsche Bank, where she led strategic change initiatives. Verena is an EFFAS Certified ESG Analyst (CESGA®) and holds a MSc in Economics from the University of Edinburgh.
About Capital Dynamics
Capital Dynamics is an independent global asset management firm focusing on private assets, including private equity (primaries, secondaries co-investments), private credit, and clean energy. Created in 1988, the Firm has extensive knowledge and experience developing solutions tailored to meet the exacting needs of a diverse and global client base of institutional and private wealth investors. As of Q4 2021, Capital Dynamics oversees more than USD 13 billion in assets under management and advisement1, and employs approximately 160 professionals globally across 14 offices in Europe, the Middle East, North America, and Asia. Capital Dynamics is a recognized industry leader in responsible investing, receiving the highest marks from the UNPRI for its Strategy & Corporate Governance, and investment strategies. The firm systematically integrates responsible investment at the organizational and investment levels through its trademarked R-EyeTM system, designed to both enhance long-term financial returns for its clients and create deep alignment across investors, stakeholders, and society at large. For more information, please visit: www.capdyn.com
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1As of December 31, 2021. Assets Under Management are calculated based on the total commitments as of the final closing date for all funds currently managed by Capital Dynamics, including amounts that have been distributed. Assets Under Advisement includes assets for which Capital Dynamics provides services such as reporting, monitoring and risk management.