With major EU regulations on the horizon, Ben Jackson asks if human rights will emerge as the next key ESG issue for private equity firms.
The market for loans tied to sustainability targets is growing fast, but measurement and greenwashing concerns remain.
More pledges are likely to come after Carlyle became the first high profile US private markets firms to formalise an emissions plan aligned with a net-zero target.
‘Big asset managers have the managerial bandwidth to make an impact on portfolio companies and their supply chains. There are no excuses,' says Fabio Ranghino, IIGCC’s private equity working group co-lead.
Second-ever risk alert rings alarms over accurate disclosures, advertising, books-and-records, due diligence and hedge clauses.
The firm's former chief operating officer also faces financial sanction.
The former city treasurer who institutionalised ESG strategies in Chicago will lead public-private partnerships at Blackstone’s infrastructure group.
The CalPERS-Carlyle-led effort to standardize ESG data reporting now counts $8.7trn of managed assets represented by its participants.
The Task Force on Inequality-related Financial Disclosures is being designed as a tool for ‘systemic risk management’.
‘We are constantly being asked for impact funds in emerging markets, but it’s very difficult to grow that from scratch’, says Will Nicoll, CIO of M&G’s private and alternative assets strategy.
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