September 2026 report
2026 Private Equity Climate Risks Scorecard
With over a trillion dollars in energy investments that generate high greenhouse gas emissions, private equity firms have an outsized role in accelerating the climate crisis.
This scorecard report ranks the top 20 global private equity firms invested in fossil fuel infrastructure by a set of metrics analyzing the firms’ energy portfolios, their emissions, and their alignment with climate standards.
Selected Reports
View all reports by Private Equity Climate Risks here.
AUGUST 2026
Private Equity Fossil Fuel Asset Tracker Update
In the August 2026 update, the Private Equity Climate Risks team expanded the global fossil fuel asset tracker to include several additional fossil fuel asset types, which doubled the size from 600 to 1,220 fossil fuel assets backed by the 20 private equity scorecard firms.
DECEMBER 2025
Unequal Burdens: Private Equity-Backed Fossil Fuel Assets and the Global South
In this report, PECR examines how the Global South is unfairly burdened by private equity’s investments in fossil fuels. While the Global North is responsible for the vast majority of excess emissions, communities of color in the Global South are hit hardest by the climate catastrophes caused by these emissions
NOVEMBER 2025
Mapping Private Equity’s Gas Fleet: Climate Footprint, Health Impacts, and AI-Driven Demand
A November 2025 briefing adds gas-fired power plants to our flagship report, the Private Equity Climate Risks Scorecard, revealing that these firms are linked to an additional 82 million metric tons of CO₂-equivalent emissions per year, or roughly the same climate impact as the annual electricity use of seventeen million U.S. homes.
JUNE 2025
A Look at Private Equity Transition Funds: Energy Innovation or Greenwashing?
A June 2025 report examines private equity’s role in propelling the climate crisis through investments in false solutions and provides due diligence resources to institutional investors looking to transition energy portfolios.
Major private equity firms have invested over
$1 trillion
in energy since 2010, mostly in fossil fuels
The energy portfolios of 20 major PE firms produce an estimated
1.5 gigatons
of greenhouse gas emissions annually
These 20 firms create roughly
$7 billion a year
in health impacts from oil and gas extraction
STANDARDS FOR PRIVATE EQUITY
Society can’t afford to let private equity continue to pollute under the shroud of darkness and put people’s retirement at risk. The policymakers and regulators who govern financial markets, and private equity investors, must require comprehensive disclosures and plans to transition out of fossil fuels.
- Align with Science-Based Climate Targets To Limit Global Warming
- Disclose Fossil Fuel Exposure, Emissions, and Impacts
- Report Portfolio-Wide Energy Transition Plan
- Integrate Climate And Environmental Justice
- Provide Transparency On Political Spending And Climate Lobbying
Press
