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In brief: GPs increasingly rejecting deals based on ESG factors – survey

Of GPs, 62% say they have declined an investment in the past year due to ESG factors, compared to 55% the year before, according to Investec’s survey of private equity managers.

Of general partners, 62 percent have declined investment opportunities due to ESG or ethical factors in the past year, according to a survey of 219 private equity professionals by Investec, a banking and asset management business. This represents an increase: in the 12 months up to last year’s survey, 55 percent of those surveyed said they had chosen not to invest in a company due to ESG or ethical factors, Investec said in a statement.

Across strategies, venture capital firms were the least likely to have declined an opportunity based on ESG grounds, while infrastructure and energy were the most likely.