A total of 28% of GPs have set board diversity targets for portfolio companies, ILPA reported in 2021.
Managing director and Asia chairman Xiang-Dong Yang said the firm is looking at climate-related investments in China and South Korea.
The UK and North America lag mainland Europe in divestment plans, fund services provider Auxadi’s survey of private equity managers shows.
Areas like steel, cement, agriculture and others are still being starved of the capital needed to decarbonise.
DC-based energy fund manager EIG has made 25% of its carried interest contingent on emissions reduction targets.
AXA IM’s Bertrand Loubières is hesitant to set up an Article 9 fund, describing a ‘conflict’ with equity sponsors to obtain emissions data.
Michael Lamach was previously the executive chair and CEO of Trane Technologies.
The interest rate will be linked to sustainability performance target.
A quarter of the team's carried interest will be contingent on the fund's portfolio companies meeting carbon reduction targets.
The net-zero signatory, which raised $14bn for its latest fund, has been given the green light by LPs to invest in natural gas.
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