Entry in 2018
While being central contributors to both GDP and greenhouse gas emissions, medium-sized enterprises are often perceived as a blind spot in climate action and media coverage. According to the European Commission, their GHG contribution could represent up to two thirds of the total European emissions. As of today, the mid-market ecosystem is far from being ready to comply with the already-voted European Corporate Sustainability Reporting Directive (CSRD), which will demand businesses with over 250 employees and €40m turnover to disclose their impact on climate, including scope 3 emissions, with a full-year reporting period starting on Jan 1st, 2026.
Argos Wityu is pleased to announce that Argos Climate Action, its buyout fund dedicated to decarbonising European SMEs, has held its first close at €120 million, reaching 40% of its initial target.
Argos Climate Action is an SFDR article 9 fund. It is the first milestone of the strategy to extend the Argos Wityu platform beyond the historical Mid-Market funds. With this new fund-raising, Argos Wityu now manages €1.7 billion of assets.