Darby International Capital Joins Private Markets Climate Initiative
WASHINGTON, DC, September 13th, 2024 – On September 11th, 2024, Darby International Capital LLC (“Darby International”) was approved as a member of the Initiative Climat International (iCI).
The iCI is a global, practitioner-led community of private markets investors that are committed to effectively analyzing and managing climate-related financial risks and GHG emissions in their portfolios. As a member, Darby International will collaborate with iCI’s network of investors to share knowledge, experience, and best practices, working together to develop resources that will help standardize practices across the industry. The initiative is formally endorsed by the United Nations Principles for Responsible Investment (UN PRI), to which Darby International is a signatory.
“We are pleased to partner with iCI and look forward to utilizing the resources they have developed, to exchanging best practices with its members, and to sharing our own experience in managing climate change at the portfolio level that has been a part of our core debt investment strategy over the past 20 years.” said Rick Frank, CEO of Darby International Capital.
About the Initiative Climat International (iCI)
iCI is a global, practitioner-led community of private markets firms and investors that seek to better understand and manage the risks associated with climate change.
iCI’s members share a commitment to reduce carbon emissions of private equity-backed 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 GHG emissions within their portfolios, in line with the recommendations of the Financial Stability Board’s Task Force on 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.
Over 250 member firms with collectively USD4.3 trillion of assets under management (as of July 2023) have joined the iCI. The initiative is formally endorsed by the PRI, is a Supporting Partner of The Investor Agenda, and enjoys fruitful partnerships with CDP and Ceres, and private equity and venture capital associations BVCA and France Invest.
About Darby International Capital LLC
Darby International is a leading emerging markets private debt investor with a focus on Latin America and has offices in Washington, DC, Bogotá, Colombia, and São Paulo, Brazil. The firm was created after the team spun off from its previous firm, Darby Overseas Investments, Ltd. (a subsidiary of Franklin Resources, Inc.). Darby International is not affiliated with Darby Overseas Investments, Ltd., Darby Overseas Partners, L.P., Franklin Resources, Inc. (NYSE: BEN) or any of their affiliates.
For more information about Darby International, visit www.darbyinternational.com or contact Sean Norris at snorris@darbyinternational.com.