Updated Enviro Letter 021621

A group of environmental and social organizations has sent a letter to Kayne Anderson Capital Advisors urging the firm to transition its portfolio away from fossil fuels and toward a pollution-free energy system. The letter demands the disclosure of emissions (Scope 1, 2, and 3) for energy holdings, a commitment to invest a majority of new energy capital in renewables by 2025, and the publication of political spending policies to ensure alignment with a 1.5 degree scenario from the Paris Agreement.

• The signatories assert that Kayne Anderson Capital Advisors holds billions of dollars in fossil fuel assets that cause immediate ecosystem harm and long-term climate impacts, and they demand the firm disclose these impacts on the climate and communities.
• The letter requests a plan to shift the firm's portfolio to be pollution-free, specifically requiring the disclosure of Scope 1, 2, and 3 emissions for energy and infrastructure funds and energy holdings across all funds.
• The coalition proposes specific timelines for new energy investments: a majority of new capital should be in renewable energy by 2025, with a goal of 100% renewable energy investments by 2030.
• The organizations demand transparency regarding political contributions and lobbying, urging the firm to ensure spending aligns with the Paris Agreement's 1.5 degree scenario and the Investor Expectations on Corporate Climate Lobbying.
• The letter calls for a 'Just and Equitable Transition' program that includes input from impacted workers and communities to address the effects of current fossil fuel holdings.

APA

Private Equity Stakeholder Project (2021). Updated Enviro Letter 021621. https://pestakeholder.org/wp-content/uploads/2021/03/210216-Organization-letter-to-Kayne-Anderson-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-Kayne-Anderson-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-Kayne-Anderson-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-Kayne-Anderson-on-climate-risk.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }