Climate change continues to shape the risk environment for investors and businesses across sectors and geographies. Physical impacts are already affecting operations, supply chains and infrastructure, while the transition to a lower-carbon economy is accelerating change in regulation, technology and stakeholder expectations.

Oakley remains focused on embedding climate considerations across the investment lifecycle and strengthening climate-related decision-making. Although Oakley is primarily Europe-focused, many portfolio companies have international footprints and global supply chains, which means climate-related exposures can arise across multiple geographies and operating environments.

During 2025, Oakley enhanced its climate risk assessment and scenario analysis by using an external climate risk modelling platform to provide a more consistent, portfolio-wide view of physical and transition risks, based on recognised scenarios and multiple time horizons.

This TCFD report sets out Oakley’s governance, strategy, risk management approach and metrics in relation to climate-related risks and opportunities. Maintaining a clear, decision-useful view of the portfolio’s climate risk profiles is an important part of resilient long-term value creation. We recognise that climate data and methodologies continue to evolve, and Oakley will continue to refine its approach over time to support transparency and effective oversight.

Compliance statement

This TCFD report applies to the approach to climate-related risks and opportunities taken by Oakley Capital. The report is 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 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
Managing Partner and Co-Founder