Private market climate disclosures rise, execution lags

Funds Europe reports on Unwritten's 2025 Benchmarking Private Market Investor Climate Disclosures, finding that private markets investors are getting better at disclosing climate risk, but that a gap between assessment and day-to-day portfolio management limits how useful those disclosures are.

Unwritten's benchmark reviewed 70 climate reports from investors across private equity, private debt and real assets. UK managers lead on reporting frequency: 64% published new, portfolio-specific climate risk results for 2025, the highest share of any region, while Asia Pacific lagged. Funds Europe explains that Unwritten also found that FCA climate reporting rules appear to be moving UK firms away from standalone climate reports towards more technical climate sections within broader sustainability reports.

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