US buyout heavyweight Clayton, Dubilier and Rice has engaged pulsESG, an ESG data software as a service platform, in what it has called a “collaborative pilot programme” to manage its portfolio company ESG data. Through the pilot program, pulsESG will “work to design, test, configure, and improve initiatives to manage vast amounts of ESG data, which is often unstructured and challenging to process,” the company said in a statement today.
The announcement comes as investors of different stripes sign up to services designed to structure and streamline the collection and management of ESG data.
In related news Titanbay, a tech platform that connects wealth managers and smaller institutional investors with private equity fund opportunities, recently agreed to a partnership with fund services firm Apex Group to add ESG ratings to its fund platform. Under the partnership, Apex will provide an ESG rating to each new fund added to Titanbay’s slate.
“We know that ESG factors can be an important indicator of the financial success of a fund, and that this information is routinely requested by large institutional investors,” said Titanbay’s head of investments, Alex Bozoglou, in a press release. “We therefore see it as a critical piece of the jigsaw in providing our investors with everything they need to invest with the same level of sophistication as the largest institutions.”