EDCI

Being a member leads to more data requests from investors, one ESG professional says.

The ESG data reporting initiative has added portfolio company decarbonisation plans to the set of metrics it tracks.

State-backed investment company, Permodalan Nasional Berhad, sees the EDCI as a route to more consistent emissions data gathering.

Though the asset class is generally behind the curve on ESG, attempts to harmonise disclosure in private debt are beginning to gain momentum.

The initiative launched with a set of six metrics, spanning GHG emissions, renewable energy usage, board diversity, work-related injuries, net new hires and employee engagement.

The CalPERS and Carlyle-initiated data harmonisation drive continues to gather sign-ups.

It is another boost for the project, which as of January had more than 100 GPs and LPs signed up. 

The CalPERS-Carlyle-led effort to standardize ESG data reporting now counts $8.7trn of managed assets represented by its participants.