Recently it was announced in a press release that LPs and GPs representing more than $4 trillion in AUM are calling on peers to join commitment to a collaborative ESG data reporting system to drive meaningful progress and transparency…
“The group’s objective is to streamline the private equity industry’s historically fragmented approach to collecting and reporting ESG data in order to create a critical mass of material, performance-based, comparable ESG data from portfolio companies. This will allow GPs and portfolio companies to benchmark their current position and accelerate progress toward ESG improvements, which the group believes drives better financial outcomes. This will also enable greater transparency and provide more comparable portfolio information for LPs.”
