![]() Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. Since 1996, the firm has invested over USD 195 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group is a leading global private markets firm. In 2022, Climeworks broke ground on a second, larger plant in the same country, called Mammoth, which represents a demonstratable step in the Company’s ambitious scale-up plan. This full DAC and storage process is third-party verified by an independent quality and assurance leader. Through this accelerated natural process, the CO2 turns into stone and is permanently removed from the air for thousands of years. In Iceland, where Climeworks operates the world’s largest DAC facility and storage installation in operation, called Orca, its air-captured CO2 is mixed with water and pumped underground, where, through the Carbfix method, it reacts with basaltic rock formations and mineralizes. As one of the global leaders in private markets, Partners Group sends a strong signal, which will hopefully inspire more companies to take action on carbon removal.”Ĭlimeworks’ DAC technology actively removes CO2 from the atmosphere in a scalable manner, which can then be permanently stored underground. ![]() Partners Group’s commitment to high-quality carbon removals underlines the leading role of the financial services industry in this scale-up. High-quality carbon removal must be scaled to gigaton level by 2050, and multi-year agreements like this one are a crucial lever. Our aim is to be a sustainability leader in private markets by driving forward positive change at the companies under our stewardship, and also by playing a leading corporate role in the transition to a net zero global economy.”Ĭhristoph Gebald, co-founder and co-CEO, Climeworks, says: “We are proud to welcome our investor Partners Group as a client and to support their journey toward net zero. As it does with all portfolio companies, the firm is currently working with the Climeworks management team and other investors with a focus on addressing the massive scale up the industry requires.ĭavid Layton, Partner and Chief Executive Officer, Partners Group, comments: “The agreement with Climeworks reflects Partners Group’s focus on sustainability and its commitment to achieving positive stakeholder impact over the long term. Partners Group co-led a CHF 600 million fundraising round in Climeworks in 2022 on behalf of its clients. ![]() The agreement with Climeworks is Partners Group’s first adoption of a technology-based solution to address GHG emissions and sits alongside the firm’s growing portfolio of nature-based solutions, such as reforestation, which also contribute to enhancing biodiversity. ![]() While a priority of the program will be to reduce the firm’s overall emissions, removing residual emissions via capture and storage of atmospheric CO2 will also play a role in achieving the net zero goal. The DAC agreement with Climeworks is a significant step for Partners Group, which announced in 2022 that it would develop a decarbonization program to achieve net zero corporate greenhouse gas (“GHG”) emissions by 2030. Under the agreement, Climeworks will remove more than 7,000 metric tons of carbon dioxide (CO 2) from the atmosphere on Partners Group’s behalf, which will be permanently stored underground. Partners Group, a leading global private markets firm, has signed a 13-year agreement with Climeworks (or “the Company”), a leading Swiss provider of high-quality carbon dioxide removal via direct air capture (DAC). Partners Group co-led a CHF 600 million fundraising round in Climeworks in 2022.The agreement represents Partners Group’s first use of a technological solution to help meet its net zero commitments.Climeworks will remove more than 7,000 metric tons of carbon dioxide from the atmosphere on Partners Group’s behalf.
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