Private equity firm Carlyle Group Inc said on Tuesday it was targeting net zero greenhouse gas emissions by 2050 or sooner, across its investments.

Blackstone Inc, the world’s biggest asset manager, last month launched a platform to invest in and lend to renewable energy companies, to ramp up its sustainability credentials.

Wall Street giant JPMorgan Chase & Co’s asset management arm has also created a new private equity team to focus on sustainable investments, in order to align its activities with its climate-change commitments.

The investment firm said in a statement that 75% of its portfolio companies’ scope 1 and 2 emissions will be covered by Paris-aligned climate goals by 2025. It added that after 2025, all new majority-owned portfolio companies will set the same goals within two years of ownership.

Read more: Reuters