TCFD / Introduction
Our commitment
As climate risks grow and the low-carbon transition advances, Oakley Capital remains committed to improving our understanding of these challenges and supporting the resilience of our portfolio. This report reflects the steps we are taking to embed climate considerations across the investment lifecycle and deliver long-term value for our investors."
David Till Senior Partner and Co-Founder
As the global climate landscape continues to evolve, the economic, environmental and regulatory impacts of climate change are increasingly shaping financial decision-making.
In 2024, the world experienced a new wave of record-breaking heat, unprecedented wildfires, flooding, and rising energy costs, reinforcing the need for businesses and investors to act. Climate-related financial risks, including physical damage, shifting regulation or technological disruptions, are widely recognised as systemic. At the same time, we believe that the rapid growth of sectors such as AI, renewable energy and climate tech is transforming traditional business models, creating new opportunities for long-term value creation.
Oakley remains committed to embedding climate considerations into our investment approach. While we primarily invest in Western Europe, our portfolio spans a diverse range of geographies and sectors, each exposed to different degrees of climate-related risk and opportunity. We recognise that helping our portfolio companies to become more resilient businesses requires a proactive and data-driven approach to understanding and managing these dynamics.
In 2024, we advanced our work on climate by updating our climate risk assessment and scenario analysis. By tailoring our analysis to the nuances of our portfolio companies across our core sectors – Technology, Education, Consumer and Business Services – we were able to generate actionable insights to inform investment decision-making and long-term value protection. We also consider setting a carbon footprint baseline an essential first step to take action to reduce greenhouse gas (GHG) emissions and mitigate climate-related risks. We continue to support our portfolio in measuring their carbon footprint, with 65% of our portfolio companies measuring their carbon emissions through their own initiatives or Oakley’s recommended carbon platform in 2024.
Building on this momentum, we have strengthened Oakley’s internal governance with respect to climate-related risks and opportunities and emissions management. As Oakley continues to grow, we remain focused on improving the quality of our GHG emissions data and implementing relevant initiatives to reduce our operational carbon footprint. In 2024, we developed our initial climate strategy and framework for decarbonisation and navigating climate risks. We will begin in implement the climate strategy in 2025 and continue to refine the approach as our data improves.
Understanding and addressing climate-related risks and opportunities within our operations and across our portfolio, will play a key role in delivering long-term value for our investors as we move to a low-carbon economy.
Compliance statement
This TCFD report applies to the approach to climate related risks and opportunities taken by the Oakley Capital group as a whole. The report is also published in satisfaction of the entity-level disclosure obligations applicable to Oakley Capital Limited (OCL) under Chapter 2 of the Financial Conduct Authority (FCA) Environmental, Social, and Governance (ESG) Sourcebook. The disclosures herein for the Oakley Capital group are relevant to OCL and cover OCL’s TCFD in-scope business, and references to Oakley should be read to include OCL.
The disclosures in this report, including the product reports cross-referenced, comply with the TCFD recommendations, and entity-level reporting requirements set out in Chapter 2 of the FCA’s ESG Sourcebook.
David Till
Senior Partner and Co-Founder