In brief: Inflexion signs UN Global Compact, joins data project

European private equity firm Inflexion has signed the United Nations Global Compact. In doing so it commits “to meet fundamental responsibilities in four areas: human rights, labour, environment and anti-corruption” and report on its progress annually, according the initiative.

More than 15,000 companies have signed up globally to the UN Global Compact, according to the initiative’s website, but it is relatively uncommon for private equity firms. Denmark-based Axcel has been a signatory since 2010, Norweigan state fund investor Argentum signed up in 2012 and Northern European firm IK Investment Partners signed up in 2014. Since then firms such as Activa Capital in France, Aurelius in Germany and Stirling Square Capital Partners in the UK have signed up.

Inflexion has also joined the ESG Data Convergence Initiative, the project launched last year by a CalPERS- and Carlyle-led consortium seeking to harmonise reporting around key ESG metrics. There are now 195 LP and GP participants involved.