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'It's like a good to do, nice to have,' says Sairah Burki, managing director of regulatory affairs and sustainability at the New York-based Commercial Real Estate Finance Council.
In a survey of 102 organisations with $3.3trn of global assets, 46% said they have seen extreme weather affect their portfolios.
Six limited partners in private markets funds describe their sustainability 'bugbears': what GPs can say or do that dissuades them from committing capital.
In the world of private real estate there are numerous ways to create a sustainability team.
Beyond the 'mega theme' of climate investing, KKR is prioritising investments that prepare workers for a changing labour market, says impact co-head Ken Mehlman.
Real estate owners are increasingly setting net-zero goals. But the industry is behind schedule if it wants to decarbonise by 2050.
The European private equity firm plans to set a decarbonisation plan at both the GP and portfolio level in the coming year, says Denise Odaro, head of ESG & sustainability.
Alvar de Wolff, managing director, head of ESG and responsible investing at Bregal Investments, tells New Private Markets what the firm is thinking about nature-based risks and opportunities in 2023.
Bebb is looking forward to working with the UN PRI's private equity group on issues such as human rights, and with its portfolio companies on employee engagement and diversity.
The changing macroeconomic tide means private markets investors can no longer focus their energy on climate alone, says Carmela Mondino, head of ESG and sustainability at Partners Group.