Updated Enviro Letter 021621

A group of environmental and social organizations is calling on Oaktree Capital to transition its portfolio to net-zero energy, implement a just transition for affected communities, and ensure political contributions align with a 1.5 degree scenario.

• The signatories assert that Oaktree Capital holds billions of dollars in fossil fuel assets that cause immediate ecosystem harm and long-term climate impacts, and they demand the firm shift its portfolio toward a pollution-free energy system.
• The letter requests a 'Net Zero Energy Portfolio' plan with specific benchmarks, including the disclosure of Scope 1, 2, and 3 emissions for energy and infrastructure funds, and a requirement that a majority of new energy capital be invested in renewables by 2025, reaching 100% by 2030.
• The coalition demands transparency regarding political spending and lobbying, urging Oaktree Capital to disclose corporate and executive contributions and disassociate from trade organizations whose lobbying is inconsistent with the Paris Agreement.
• The organizations call 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-Oaktree-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-Oaktree-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-Oaktree-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-Oaktree-on-climate-risk.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }