The Initiative Climat International (iCI) is a global, practitioner-led community of private markets investors that seek to better understand and manage the risks associated with climate change. The iCI counts globally over 280 members; representing more than USD 4 trillion as asset under management as of October 2024. iCI members share a commitment to reduce carbon emissions of private companies and secure sustainable investment performance by recognizing and incorporating the materiality of climate risk. In practice, this implies a commitment to effectively analyze and manage climate-related financial risk and greenhouse gas emissions in their portfolios, in line with the recommendations of the Financial Stability Board’s Task Force for Climate-related Financial Disclosures (TCFD). Members commit to sharing knowledge, experience and best practice, working together to develop resources that will help standardize practices across the industry.

The iCI is supported by the Principles for Responsible Investment (PRI), is a Supporting Partner of The Investor Agenda, and is open to all private markets firms and investors to join.

Founded by His Majesty King Charles III in 2020, then the Prince of Wales, the Sustainable Markets Initiative has become the world’s ‘go-to’ private sector organisation on transition.  Launched in 2021, the Terra Carta serves as the Sustainable Markets Initiative’s mandate with a focus on accelerating positive results for Nature, People and Planet through real economy action. Complementing the Terra Carta, the Astra Carta was launched in 2023 to support a default sustainable approach to space while leveraging space resources for sustainability on Earth.  Read more at www.sustainable-markets.org.

The Sustainable Markets Initiative’s Private Equity Task Force launched in 2021 and is the first ever CEO-level Private Equity working group established to discuss ways that the industry can effect change. It leverages expertise within each member firm across three priority areas: climate change, nature and sustainability related metrics.