Updated Enviro Letter 021621

A group of climate and social justice organizations has called on Blackstone Group to end its financing of fossil fuels and deforestation. The letter demands a plan to achieve a net-zero energy portfolio, the disclosure of Scope 1, 2, and 3 emissions for energy holdings, and a commitment to invest the majority of new energy capital in renewables by 2025. Additionally, the signatories urge Blackstone to disclose all corporate and executive political spending and ensure its lobbying activities align with a 1.5 degree scenario from the Paris Agreement.

• The signatories demand that Blackstone Group transition its portfolio to be pollution-free by developing a plan with incremental benchmarks, which includes disclosing and eliminating Scope 1, 2, and 3 emissions for energy and infrastructure funds and energy holdings.
• The letter sets specific deadlines for new capital deployment, requesting that a majority of new energy investments be in renewable energy by 2025, with a total transition to renewable energy investments by 2030.
• The coalition calls for transparency and alignment in political spending, urging Blackstone to disclose corporate and executive contributions and to disassociate from trade organizations whose lobbying is inconsistent with the Paris Agreement.
• The organizations demand the implementation of a just transition program for workers and communities affected by Blackstone's current fossil fuel holdings, requiring input from those impacted during the plan's development.

APA

Private Equity Stakeholder Project (2021). Updated Enviro Letter 021621. https://pestakeholder.org/wp-content/uploads/2021/03/210216-Organization-letter-to-Blackstone-on-climate-risk.pdf

Chicago

Private Equity Stakeholder Project. Updated Enviro Letter 021621. 2021. https://pestakeholder.org/wp-content/uploads/2021/03/210216-Organization-letter-to-Blackstone-on-climate-risk.pdf.

Wikipedia

{{cite press release |author=Private Equity Stakeholder Project |title=Updated Enviro Letter 021621 |date=16 February 2021 |url=https://pestakeholder.org/wp-content/uploads/2021/03/210216-Organization-letter-to-Blackstone-on-climate-risk.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{privateequitystakeholderproject2021updated, author = {{Private Equity Stakeholder Project}}, title = {{Updated Enviro Letter 021621}}, publisher = {Private Equity Stakeholder Project}, year = {2021}, month = feb, url = {https://pestakeholder.org/wp-content/uploads/2021/03/210216-Organization-letter-to-Blackstone-on-climate-risk.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }