News & Analysis

3i, Tikehau, HG top firms for ESG transparency, says report

Disclosure levels among PE firms have slightly improved since 2021, according to Orbis Advisory.

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The level of ESG disclosure among private markets firms is slowly improving, according to a report from sustainability consultants Orbis Advisory.

The Private Equity ESG Transparency Index assesses firms on the comprehensiveness and quality of their disclosure and reporting, rather than their substantive performance against ESG metrics. It is based on 83 criteria that span responsible investment (incorporation of ESG into investment investment decisions and active ownership) and ESG considerations within GPs’ internal operations.

To be eligible for inclusion, firms must be a member the British Private Equity & Venture Capital Association, have a publicly accessible website, and fit into one of six BCVA private equity investment categories. 161 firms were included in total.

Firms are given a score between zero and 100 percent. The average score was 35 percent, up from 32.9 percent in the previous edition of the index, suggesting a slight improvement in disclosure across the industry.

British manager 3i Group was the top rated firm across all asset classes with a score of 91.1 percent. Tikehau Capital (83.6 percent) and HG Capital (79.9 percent) came second and third, respectively.

The report also discloses the top performing firms across six categories. They are as follows:

Mid market private equity

  1. 3i Group
  2. HG Capital
  3. NorthEdge Capital
  4. Equistone Partners Europe
  5. Oakley Capital
  6. Inflexion Private Equity
  7. Exponent Private Equity
  8. Ardian Investment
  9. Triton Advisers
  10. AnaCap Financial Partners

Growth equity

  1. Tikehau Capital
  2. Bridges Fund Management
  3. Apis Partners
  4. General Atlantic
  5. Oxx

Global buyout

  1. Cibus Capital
  2. PAI Partners SAS
  3. The Carlyle Group
  4. Permira Advisers (London)
  5. KKR & Co

Private credit

  1. CVC Credit Partners
  2. Intermediate Capital Group
  3. Arcmont Asset Management
  4. Beechbrook Capital
  5. 17 Capital

Infrastructure

  1. Arcus Infrastructure Partners
  2. Macquarie Infrastructure and Real Assets
  3. Global Infrastructure Partners

Direct investors

  1. Cambridge Innovation Capital
  2. Dunport Capital Management
  3. Temasek International (Europe)