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BlackRock expands partnership with private market investors for ESG Reporting

BlackRock has expanded its partnership with a consortium of Limited Partners (LPs) and Funds of Funds in an effort to streamline and standardise ESG reporting for private markets.

BlackRock has expanded its partnership with a consortium of Limited Partners (LPs) and Funds of Funds in an effort to streamline and standardise ESG reporting for private markets.

The partners will leverage ESG Outreach, an eFront® Insight solution developed in partnership with private markets investors to accelerate and simplify the collection, analysis and reporting of ESG data. 

Aligned with existing disclosure frameworks and ESG reporting initiatives, the tech-enabled solution helps lower the high costs of technology and specialist knowledge associated with ESG monitoring. 

The solution is available to over 2,500 General Partners (GPs) reaching over 70,000 private companies in the eFront Insight network.

Investment professionals in alternative asset classes have a growing need to access ESG data to help identify risk and opportunities. However, private market participants looking to incorporate ESG factors face complex decisions on which metrics are considered relevant due to the large array of frameworks in circulation and the evolving regulatory landscape. 

These challenges are amplified by the lack of in-house ESG resources and the cost of technology to support ESG data sourcing and analysis. 

The lack of adoption across a single framework means LPs struggle to consolidate data across their portfolios and frequently send time-consuming bespoke data requests to their GPs. 

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