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Press Release


IK Partners has its GHG emissions reduction targets validated by the Science Based Targets initiative

Press Releases

IK Partners (“IK”) is pleased to announce that its greenhouse gas (“GHG”) emissions reduction targets have been validated by the Science Based Targets initiative (“SBTi”). These targets are consistent with the levels required to meet the Paris Agreement goals and limit global warming to 1.5°C.

Climate change is a global threat posing significant risk to the global economy, people and environment. The latest report published by the Intergovernmental Panel on Climate Change warns that global warming is on track to reach 1.5°C during the next two decades. However, the report also emphasises that there is an opportunity to limit the temperature increase. This would require synergy in action of multiple stakeholders and a drastic reduction in global emissions to half by 2030 and achieving net zero by 2050. Setting science-based targets (“SBTs”) provides clear guidance around emission reductions aligned with the climate science and sends a powerful message to peers and the industry regarding decarbonisation.

IK has committed to:

  • Reducing absolute Scope 1 and Scope 2 GHG emissions by 54% by 2030 from a 2019 base year; and
  • In Scope 3 (portfolio target) achieving 26% of its eligible private equity (“PE”) investments by invested capital setting SBTi-validated targets by 2026 and 100% by 2040 from a 2021 base year.

In light of this new milestone in IK’s environmental, social and governance (“ESG”) journey, Christopher Masek, Chief Executive Officer, said: “I am delighted that IK is amongst the leading PE firms that have had their SBTs approved by the SBTi. This measurable commitment will be an important part of our approach to ESG integration and will support the continued success of both our firm and portfolio companies, beyond financial metrics, thereby enabling us to continue delivering superior returns to our investors.”

Jovana Stopic, ESG Manager, added: “It is clear from recent research that action to reduce the catastrophic impacts of climate change is overdue and must be accelerated. We recognise that businesses like ours can play a key role in this transition and SBTs are an important element in preparation for the business challenges and opportunities related to decarbonisation.”



Any greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives outlined in this document have not been established for any particular fund or investment strategy, are not binding on investment decisions or the management or stewardship of investments for the purposes of Regulation (EU) 2019/2088 and do not constitute a guarantee, promise or commitment regarding any actual or potential ESG impacts or outcomes associated with investments made by funds managed and/or advised by IK Partners, unless otherwise specified in the relevant fund documentation. IK Partners has established, and may in the future establish, ESG or impact goals, targets, commitments, incentives or initiatives, including but not limited to, those targeting greenhouse gas emissions reductions, diversity, equity and inclusion or alignment with the UN Sustainable Development Goals. Any measures implemented in respect of greenhouse gas emissions reductions, diversity, equality and inclusion, ESG or impact goals, targets, commitments, incentives or initiatives may not be implemented in respect of or may not be immediately applicable to the investments of every fund managed and/or advised by IK Partners and any implementation may be overridden or ignored at the sole discretion of IK Partners.

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in 170 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit

About the Science Based Targets initiative

The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. @sciencetargets

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