Permira performance: environment

Permira performance: environment

We aim to lead by example as responsible and forward-looking investors.

Permira is taking steps to reduce the impact of its own operations on climate change and other environmental factors. This is complementary to our broader ESG engagement with portfolio companies through the investment life cycle.

Environmental performance highlights


Measuring Scope 1, 2 & 3 GHG emissions with Watershed, a technology-enabled climate platform


Renewable electricity sourcing at Permira’s offices in London1


CarbonNeutral® since 20182


BREEAM “Excellent”3 for interior refurbishment and fit-out for our UK headquarters at 100 Pall Mall


Permira is a founding member of UK initiative Climat International

CarbonNeutral® certification

Permira has been a CarbonNeutral® company since 2018, in accordance with The CarbonNeutral® Protocol. We aim to reduce our emissions, and offset selected residual emissions using carbon credits purchased through Climate Impact Partners.2

Permira’s own impact on climate change

In 2022, we worked through the business implications of setting targets for the firm’s Scope 1 and 2 emissions and we intend to publish these in due course.

Permira’s carbon footprint

Since 2017, Permira has measured its Scope 1, 2 and selected Scope 3 GHG emissions to better understand its climate-related impact and exposure.

The 2022 carbon footprint analysis was completed with Watershed, a technology-enabled climate platform that supports organisations to measure, report and take action to reduce carbon emissions. The approach is aligned to the Greenhouse Gas Protocol and industry good practice. We have also enhanced our carbon footprinting to include “purchased goods and services” and “capital goods” for the first time.

Reducing our Scope 1 and 2 emissions: 2022 vs 2019

Permira is committed to looking for ways to reduce its carbon footprint:

  • In 2022, we achieved BREEAM “Excellent”3 for interior refurbishment and fit-out for our UK office at 100 Pall Mall
  • In 2022, both Permira’s offices in London, as well as Permira’s offices in Stockholm and Madrid, switched to electricity tariffs with 100% renewable electricity
Scope 1 and 2 emissions (tonnes CO2e)

Measuring and managing our Scope 3 emissions

Scope 3 emissions account for 97% of Permira’s total emissions, not including financed emissions which are considered separately. The main sources of Scope 3 emissions were purchased goods and services (48% of total emissions) and business travel (46% of total emissions). Our return to travel following the lifting of Covid-19 restrictions, alongside an increase in our headcount, means our business travel emissions have increased. We are exploring opportunities to balance our carbon footprint alongside business activities, including consideration of our procurement and travel policies.

Scope 3 emissions (% of total Scope 3 emissions)


Headcount intensity (tCO2e per employee) Tonnes CO2e
Scope 1 0.2
Scope 2 0.8
Scope 3 37
Total intensity (S1&2) 1
Total intensity (S1,2&3) 38
GHG Emissions (in tonnes CO2e and %) Tonnes CO2e % by total emissions
Total – Market based 17,844
Total – Location based 17,885
Scope 1 86 0.5%
Refrigerants 39 0.2%
Natural gas 36 0.2%
Other fuels 10 0.1%
Scope 2 (Market-based)4 385 2.2%
Electricity 375 2.1%
District heat 10 0.1%
Scope 2 (Location-based) 426 2.4%
Electricity 416 2.3%
District heat 10 0.1%
Scope 3 17,374 97.4%
3.1. Purchased goods and services5 8,389 47.1%
3.2 Capital goods5 416 2.3%
3.3 Fuel and energy related activities6 200 1.1%
3.4 Upstream transportation & distribution5 1 <1%
3.5 Waste generated in operations 40 <1%
3.6 Business travel 7,924 44.5%
3.7 Employee communting6 404 2.2%

Social performance at Permira

Permira is nothing without its people. Permirans work collaboratively across all sectors and offices. We actively seek diverse talent to foster a dynamic environment of challenges and opportunities.

Read more

1 During 2022, Permira’s offices in London switched to electricity tariffs with 100% renewable electricity.

2 Carbon neutrality refers to Permira’s business operations and business travel (i.e. Scope 1 and 2 GHG emissions, and category 6 Scope 3 GHG emissions, only). For 2021-2023, certified carbon emission reduction credits have been purchased from Climate Impact Partners as part of the commitment to annual renewal of the firm’s CarbonNeutral® status. The CarbonNeutral Protocol was created and is managed by Climate Impact Partners.

3 The Building Research Establishment Environmental Assessment Method (BREEAM) is the world’s leading sustainability assessment method for master-planning projects, infrastructure and buildings. BREEAM Excellent included assessment of interior design only. This “Excellent” rating was provided by the Building Research Establishment Environmental Assessment Method in 2022 and covers the period of January 1, 2022 to December 31, 2022. This award is not indicative of future performance, of all investments made by a fund, or of any client’s or investor’s experience with Permira. Building Research Establishment Environmental Assessment Method’s selection to receive this award may have been based on a limited universe of participants, and therefore there can be no assurance that a different sampling of participants might not achieve different results.

4 For reference, market-based emissions calculations consider supply-specific conversion factors, whereas location-based emissions calculations use the average country-level grid emissions factors for electricity.

5 Permira has calculated its annual carbon footprint since 2017. For the 2022 carbon footprint, Permira included the estimation of these Scope 3 categories for the first time, using a spend-based approach.

6 GHG emissions in these categories have been calculated using the market-based method.