The Pressure Is on Private Equity To Take ESG Seriously
Pensions and other institutions that want to hire private equity firms that consider the environmental impact or the diversity of a company’s employees in its investment decisions may have to wait a while. Only 24 percent of private equity firms took environmental, social, and governance matters seriously and at the same time had a mature process in place to evaluate these factors before acquiring a company, according to a survey by Ernst & Young. About half of the investors surveyed by EY plan to increase their ESG private equity and venture capital allocations over the next two to three y...
Source: institutionalinvestor.com