The Blackstone Group Inc. is seeking to reduce carbon emissions by 15% across all new investments where it controls energy usage.

The private equity giant will roll out the initiative starting in 2021 and will provide support and resources based on the needs of participating companies and properties.

READ MORE: Sign up for our weekly ESG newsletter here, read our latest coverage of environmental, social and governance issues here and listen to our ESG podcast on SoundCloud, Spotify and Apple podcasts.