IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
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IPEM Going Green
Climate change is the most important challenge faced by our generation. We at IPEM believe that we must do our part – and that the Private Capital industry is part of the solution.
The issue of climate change, along with strategies, advice and actions to reduce our impact on the world are constantly being shared in our sessions, events and content. And to stay ahead of the game, we decided to go big and launch an important step in the right direction with the support of our partner INDEFI.
The “IPEM Going Green” strategy starts by assessing and mitigating our carbon footprint, and to continue supporting the Private Capital industry in improving the way we do business.
IPEM Going Green official partner
INDEFI
Established in 2007, and based in Paris and New York, INDEFI is a leading strategy advisor for the global investment management business. INDEFI helps asset managers shape their business strategies and build a sustainable competitive advantage. The firm’s expertise spans public and private markets, including infrastructure, private credit, equity, and real estate. A PRI signatory, INDEFI also advises asset managers in developing and implementing differentiated ESG and sustainability strategies.
For more information, please visit www.indefi.com
Assessing the IPEM carbon footprint
We are currently gathering data and analyzing IPEM’s carbon footprint for big and fast reductions. First finding: close to 70% (figure being reviewed) of IPEM’s total carbon emissions are caused by our participants’ travel (air travel in large majority).
Assessment of IPEM carbon footprint
We are currently gathering data and analyzing IPEM carbon footprint to reduce it big and fast. First finding: close to 70% (this figure is still being reviewed) of our total carbon emissions are caused by our delegates’ travel (air travel in large majority).
The complete analysis of IPEM emissions will be made available on this webpage in the coming months. We will also publish regular updates about our mitigation plans.
Promoting train transportation from Paris to Cannes with our
"IPEM CROISETTE EXPRESS"
Each year, 500 IPEM participants travel to Cannes directly from Paris; these individuals can reduce their carbon emissions by -97% by taking the train rather than the plane.
To further facilitate travel by train, IPEM has chartered a dedicated train for our Cannes event participants. Traveling from the center of Paris directly to Cannes, the IPEM chartered train has reduced travel-related emissions for 1,500 people and counting, representing a saving of 35,3 tCO2e. Get on board the Croisette Express!
In Partnership with:
Many IPEM participants travel to Cannes directly from Paris; these individuals can reduce their carbon emissions by -97% by taking the train rather than the plane.
To further facilitate travel by train, IPEM has chartered a dedicated train for our Cannes event participants. Offering 510 seats and traveling from the center of Paris directly to Cannes, the IPEM chartered train represents a saving of 35,3 tCO2e. Get on board the Croisette Express!
Carbon Footprint Update
IPEM Cannes event over 2 years
Starting point - IPEM Cannes 2020
2,800 Participants
Total Carbon Footprint: 1,200 tCO2e
Carbon intensity: 0,38 tCO2e/participant
2 years later
5,200 Participants
Total Carbon Footprint: 1,800 tCO2e
Carbon intensity: 0,36 tCO2e/participant
✅ Carbon intensity has been reduced by 3,9% despite the number of participants increasing significantly
✅ 35 tCO2e avoided with IPEM Croisette Express
✅ Reduction in both waste generated and materials purchased
IPEM Paris 2024: Actions taken to go greener
✅ Repurposing venue infrastructure: 2023 tents in the Jardin des Tuileries also used for the Fashion Week event “Premiere Class”, 2024 signage at the Palais des Congrès recycled into notebooks
✅ Reducing the use of carpeting in exhibitor halls, recycled of course
✅ Reusable booths, furniture, and goodies each year
✅ No plastic! IPEM said goodbye to plastic at our events
✅ Coffee thermoses distributed and refilled for each booth
✅ Use of local sustainable catering with ISO label
✅ Supporting Cambodian rainforest protection via events at Le Méridien
✅ Eco-friendly hotels
✅ Optimizing participants’ carbon footprint: an average of 25 meetings for one efficient business trip!
🟠 After 8 years of existence and growth, IPEM decided to offer a new international edition for participants coming from around the world so they could fly straight to Paris.
🟠 No travel for 95% of our Paris-based participants, with ample train connections from most major European cities.
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