Given its inherently analytical nature, private equity is well placed to include environment, social and governance (ESG) factors in its investment process. The challenge lies in making sure the data being collected is relevant and material. This hurdle needs to be conquered as investors are starting to pass over managers who are not taking this matter seriously.
ESG & Responsible Investing
By Sam Gilbert-Ward, Business Analyst, Pollen Street Capital – With governments, businesses and people looking towards the ‘new normal’ post Covid-19 we begin to see the areas where the pandemic has been a catalyst for change. Across the globe businesses are galvanised to consider what ESG really means for them. The refocusing of priorities has given many the opportunity to re-assess their ESG framework and ensure that the strategy put in place creates real impact.
Eurazeo has launched the Sustainable Maritime Infrastructure thematic fund (the Fund) to finance more environmentally friendly infrastructure and technologies in the maritime sector that support the transition to a low carbon economy.
By Sam Gilbert-Ward, Business Analyst, Pollen Street Capital – Environmental, social and governance issues have been rising up the agenda across all industries, not least financial services. Within the sector, we’ve seen businesses eager to embed impact as an integral part of their overarching company strategy. However, while ESG has become a ‘buzzword’, a lot of businesses don’t know how best to maximise their impact.
General Atlantic, a global growth equity firm, has appointed Lord Browne of Madingley as a Senior Advisor, based in London.
As investor and regulator focus on environmental, social, and governance (ESG) issues has gathered pace globally in recent years, attention is turning to how investment managers, hedge funds and private equity firms can build effective ESG programmes that stand up to regulatory scrutiny and help them stay competitive in a rapidly evolving marketplace.
Temasek and BlackRock are to establish a new partnership called Decarbonization Partners which will launch a series of late stage venture capital and early growth private equity investment funds focussed on advancing decarbonisation solutions to accelerate global efforts to achieve a net zero economy by 2050.
BlackRock Real Assets has successfully achieved a USD4.8 billion final close for Global Renewable Power Fund III (GRP III) with commitments from over 100 institutional investors, including leading public and private pension funds, insurance companies, endowments, foundations and family offices from over 18 countries globally.
PineBridge Investments (PineBridge), a private, global asset manager focused on active, high-conviction investing, has appointed Kate Faraday as Global Head of Corporate Responsibility.
Hamburg-based real asset specialist Aquila Capital acquired renewable energy assets across Europe in 2020 amounting to over 3.0 gigawatt.