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ESG

‘Data is the core to painting the picture’

To harness sustainability-linked loans and improve the top and bottom lines of portfolio companies, GPs need to solve the data challenge

Sesamm launches ESG heatmap

Company aims to allow clients to manage their ESG reputational risk

Apiday receives €10m in Series A

The ESG data firm will use the funding to expand its team

HSF launches ESG tracker

Law firm aims to empower through information and provide an early warning system

Conundrum of ESG choice

Amid a myriad of software, partnerships and consultants, how do GPs make the right choice?

Moody’s and MSCI team up

Partnership to enhance ESG transparency and explore private credit market opportunities

Stanley adds ESG associate to transformation team

Katharina Franke joins the firm from Boston Consulting Group

ESAs propose SFDR improvements

Suggestions include adopting a sustainability indicator, improving sustainability definitions and two simplified voluntary product categories

Persefoni partners with First Street

Partnership instigates launch of climate physical risk tool

The Drawdown Awards 2024: Winners announced

The winners of The Drawdown Awards 2024 were announced at the De Vere Grand Connaught Rooms in London, hosted by comedian Rhys James

EDCI trials private credit data

Funds to submit data before 31 July 2024

Towards accounting for net-zero

Recent IASB approval shows larger trend towards net-zero accounting and untapped opportunities

FIS launches climate risk financial modelling tool

SaaS offering to support clients with assessing, reducing and reporting risks tied to climate change

Abrdn launches sustainability committee

Chair Sarah Moody (right) has been promoted to chief corporate affairs and sustainability officer while Kristina Church (left) joins as global head of corporate sustainability

Ecosystemic change

Matthias Plötz investigates the forces driving diversity and inclusion in private equity

Holtara appoints inaugural global chief commercial officer

Formerly with TimesSquare Capital Management, Yovanka Bylander Arroyo takes up the mantle of global CCO and head of Americas

Beauhurst launches ESG dataset

Tool to support users in identifying investment opportunities and evaluating current portfolios

Edda launches Hera AI

The Drawdown catches up with CEO and founder Clémént Aglietta post-launch to discuss the new tools

Position Green launches ESG DD tool

Tool to include ESG measures, pre-mitigation risk levels identification, and recommended mitigation actions

Fair HQ and Ciphr team up

Collaboration to help firms accelerate their DEI progress and embed behavioural change in the workplace

Profile: Charles Rousset, Revaia

The CFO/COO shares milestones from the emerging manager’s journey and dives into operational due diligence and collaborating with one’s LPs

Manaos updates SDR reporting solution

Alternative asset managers can make use of the platform’s database of more than 20 ESG tech providers to help with impending SDR reporting

Novata receives fresh funds

Repeat investors Hamilton Lane and S&P Global are joined by Motive Ventures; fresh capital to support platform development and geographical expansion

HSF launches ESG reporting tool

Law firm’s tool to analyse corporate structures and create reports including legal advice on reporting obligations

SFDR complaints laid bare

The European Commission’s summary of feedback from its SFDR consultation reflects the PE industry’s ongoing perception of the disclosure regime

ESMA publishes ESG fund name guidelines

The report states at least 80% of investments within a fund must satisfy sustainable investment criteria to use related terminology

FCA gets ready to scrub

Financial watchdog’s anti-greenwashing rule is effective from 31 May 2024; The Drawdown checks it to make sure PE ticks all boxes

Comment: Impact assessment

John Young, international counsel at Debevoise & Plimpton, assesses social impact under the SFDR and SDR

Ocorian launches ESG reporting tool

The SFDR and SDR reporting tool is powered by technology from Treety

EFRAG approves double-materiality guidelines

ESRS FAQ has been updated to explain when mitigating actions are considered, among other updates

Manaos and SESAMm team up

Partnership to provide ESG controversies data for LPs, asset managers and private equity firms

Rio launches 2.0 version

Updated product to assist with managing regulatory landscape of sustainability

Preqin launches ESG performance benchmarks

Offering to support LP investment decision-making, GP’s ESG reporting and ESG intelligence for advisers

Impact intact?

How impact investment firms use in-house reporting tools to report back to LPs and the arguments for standardisation of reporting procedures

Dasseti and Colmore form partnership

The combined forces aim to improve LP post-investment and ESG managed service data collection and reporting

5 minutes with… John Rastrick, founder & CEO of Flotilla

Rastrick discusses the increasing importance of robust ESG data and need to focus more on outcomes than metrics

Maestro launches ESG survey module

Company aims to support GPs with tracking portfolio ESG data

IVSC releases survey on ESG in valuations

The international council aims to collect market feedback on how ESG is being used as part of the valuation process

ATOZ acquires Deveco

Acquisition to increase the range of services offered

Persefoni releases Scope 3 supply chain management software

Persefoni Pro enables portfolio companies to easily report GHG emissions

Whatever happened to ESG-linked loans?

As tools for ESG transformation they seem to have been abandoned but they still have their place

Reporting in good nature

Why are voluntary sustainability reporting regimes such as TNFD being adopted by PE firms?

No tiff with the LTAF

The Drawdown catches up with Schroders as it gears up to launch LTAF number three to chat operations, investor base and liquidity management

Comment: Technology’s sustainability challenge

It is time to embrace the opportunities that come with the technology industry’s shortcomings, according to Bettina Denis, head of sustainability at Revaia

ESG considerations are here to stay

Dasseti’s Billy Cotter and Evan Crowley discuss the most talked-about acronym in the private equity industry

Atominvest partners with Greenly

Partnership to make Greenly’s carbon calculation platform accessible to Atominvest’s clients

Comment: This far, but no further

Charlie Chipchase, managing director and head of Europe at Petra Funds Group, assesses whether the SEC’s long-awaited Climate Disclosure Rule goes too far or not far enough

UK government set to regulate ESG ratings providers

A separate consultation will follow the announcement, which came as part of the Spring Budget

Atlas Metrics partners with Bunch

The partnership combines Bunch's investor portal with Atlas Metric's ESG reporting platform

Kirkland appoints ESG partner

Rebecca Perlman joins after a 12-year tenure at Herbert Smith Freehills

Vespa appoints sustainability manager

Linda Höglund joins the firm from Newton Investment Management Group

Trinity Communications launches

Charles Clarke founded the public relations agency for asset managers and investors to help GPs grow and retain their assets in a tough fundraising environment

Video: Unravelling ESG

What better time to unpick key ESG trends than at the Real Deals ESG Conference 2024? Silvia Saccardi speaks to Investindustrial’s Dr Serge Younes, IP Group’s Bran Pathmanāban and Ambienta’s Fabio Ranghino

Investec appoints head of ESG

Alicia Forry has been at the firm since 2017

ESG: The fund-of-funds perspective

Once removed from the underlying portfolio, this type of LP is focused on private equity’s journey rather than instant compliance

Column: Youth appeal

The Riverside Company's chief sustainability officer Dörte Höppner examines the crucial role of sustainable investing for younger investors

Apollo appoints ESG counsel

Previously a legal secondee at the firm, Angus Brown joins from Simmons & Simmons

ESG ratings providers to comply with transparency requirements

The European Commission and Parliament have reached a provisional agreement on how ESMA can supervise these entities

Deloitte partners with Workiva and Informatica

The collaboration integrates AI data management and cloud-based reporting into the advisory’s ESG compliance services

Comment: PE must act now on climate

John Rastrick, founder and CEO of Flotilla outlines the three things PE should be doing post-COP28

Dasseti and Clarity AI team up on sustainability

Partnership to enable Dasseti’s clients to benchmark ESG performance

International Valuations Standards updated

The revised version includes ESG valuation considerations in additional chapters on data and inputs and valuation models

The carrot in addition to the stick

FCA’s proposed regime on non-financial misconduct shines light on firms’ workplace culture

Ocorian partners up

Recently announced partnerships include those with ESG reporting solution Treety and investor onboarding platform Goji

5 minutes with… Kate Pljaskovova, founder of Fair HQ

The digital D&I tool aims to assist GPs to develop in-house and portfolio company HR strategies through scientific research and industry benchmarks

Novata launches carbon navigator

Company’s new product aims to simplify carbon data management and reporting

Ecovadis adds Vitals to IQ Plus platform

Vitals is a questionnaire aimed at helping businesses manage supply chain sustainability risks

Profile: Philippe Renauld, Sienna Investment Managers

The CFO and COO shares his passion for operational excellence, highlights the importance of an LP-centric culture and talks ‘democratisation’ of private markets

Flexstone appoints MD for its sustainability strategy

Samira Boussem joins the firm from Natixis Investment Managers Solutions

Una Terra appoints founding partner and COO

Yves Frey joins the Swiss VC from investment manager SUSI Partners

Apex launches new ESG brand

Holtara is a combined effort from Apex and MJ Hudson, providing data, reporting and advisory services

Profile: Jesper Frydensberg Rasmussen, Axcel

The CFO discusses the importance of clearly defined roles and how CFOs can support their firm in uncharted economic environments

Infrared’s Sarah Gledhill joins Climate Asset Management

Gledhill joins the asset manager as COO

Profile: John Mansvelt, Apheon

CFO and AIFM conducting officer tells the story of his transition from audit to PE, his key governance duties and shaping a new cultural identity

Efama argues for sustainable product categories

Call comes in wake of publication of the UK’s SDR and as SFDR consultation is underway

Voluntary ESG ratings code of conduct launches

ICMA and IRSG have launched the code to increase transparency in the services of ESG data providers

Comment: Time for a new model

Fintech has the potential to revolutionise climate risk assessment in asset management during the next three years, writes Sergei Grechkin, chief risk officer at UFG Capital

Confluence partners with Manaos on SFDR reporting

Confluence to provide ESG and disclosure templates through Manaos’s platform

What DEI you mean?

Dynamo’s latest report on ESG reporting finds LPs and GPs have different expectations when it comes to DEI reporting

The UK’s nice green labelling machine

Response to FCA’s SDR positive as regulatory arbitrage remains around applicability to overseas funds, portfolio management and practice of its highly anticipated anti-greenwashing rule

Comment: Appeals to better nature

William Yonge, a partner at Morgan, Lewis & Bockius, analyses the recommendations of the Taskforce on Nature-related Financial Disclosures and how GPs can respond

ESAs add granularity to RTS

The draft technical standards have some suggested amendments, improving the detail of the disclosures made

ESG, retail investors and you

The latest Efama conference brought together regulators and asset managers who championed the idea for product instead of fund labels and brainstormed ideas for retailisation

SDR policy launched

The FCA is introducing an anti-greenwashing rule, four product labels and marketing requirements for investment funds

Luxembourg’s private debt industry expands

According to a KPMG survey, AUM grew by 51% during the last year; changes in fund vehicles but LP base largely unchanged

Carbon Accounting Alliance launches

Group of 35 organisations represents emissions of 24,000 companies

Profile: Martim Avillez, Limerston Capital

The COO and founding partner discusses setting up the firm’s operations, combining them with his investment duties and navigating difficult times

Firm identity

A tight fundraising environment and ESG fund naming conventions warrant a closer look at the names of private equity entities, writes Matthias Plötz

Novata expands ESG platform

The technology has improved its SFDR tools to assist fund managers with data analysis and reporting requirements

Abris Capital launches DEI code for portfolio

Firm makes commitments across education, governance, ownership and process with the aim of influencing industry practice

Driftwood Climate comes ashore

Boutique consulting firm to advise on climate strategy, decarbonisation and climate impact

PE sustainability initiatives launch decarbonisation roadmap

The PMDR has been launched by the Initiative Climat International and the Sustainable Markets Initiative’s Private Equity Task Force, supported by Bain & Company

CMA publishes Green Agreements Guidance

GPs and LPs are unlikely to infringe upon UK competition law for pursuing environmental sustainability agreements

NB appoints head of ESG data

Aria Goudarzi joins from Nikko Asset Management Group

TMF launches ESG administration

Company aims to assist firms with setting up, defining and reporting on ESG frameworks

Clarity AI and Next Gate Tech join forces

Sustainability tech platform and fintech firm team up to automate sustainability data collection across portfolios

PRI launches co-design process for Progression Pathways

Association aims to clarify different roles investors play in a sustainable financial system and enable increasingly targeted support

DIF Capital appoints head of ESG

Lorraine Becker steps into the role after two years as principal consultant at Environmental Resources Management

Rubbish in, rubbish out?

The latest SFDR consultation gets the industry thinking about improving entity-level disclosures

European Parliament rejects ESRS objection

MEPs call for private sector to contribute to corporate sustainability transparency

Profile: Gerwin Theiler, capiton AG

The CFO and partner reflects on how the industry has changed and talks shop about continuation vehicles and succession planning

Reframe launches sustainability practice

Nikhil Chouguley to lead the service

Column: Everyone an ESG expert? Forget about it

Natalia Ramsden of Sofos Associates considers digital dementia, ESG and the value of prioritising critical thinking

Profile: Begoña Aguilera Navajas, Sherpa Capital

The head of IR and ESG speaks to us about her dual role and how ESG has developed during the course of her career

Position Green opens Brussels office

Julia Staunig has been appointed to lead the firm’s Brussels team

MSCI acquires Trove

Company aims to expand both product palette and client base

Inrate partners with TMX

Company to provide ESG impact ratings and climate intelligence for ESG data hub

Sonen appoints head of impact engagement

Amanda Feldman has previously co-founded portfolio initiative programme the Impact Management Project

Apex expands ESG solutions

Fund administrator offers compliance, reporting and consulting services after its acquisition of MJ Hudson’s ESG advisory businesses

Avocado toast and carry

An open ear for the next generation’s concerns and demonstrating how PE can address them could be the key to answering the talent question

Macquarie acquires minority stake in Sonen

Firm to remain independent in operations and investment decisions while fresh funds will address growth of its services, impact measurement and reporting tools

The roots of diversity

A diverse hiring process should focus on removing unconscious bias at the roots of your business rather than just getting the optics right

Column: Seeking diversity in adversity

Dörte Höppner of The Riverside Company argues that an economic downturn is the ideal time for PE firms to diversify their talent pools

New tools needed?

CFOs in the European midmarket worry about talent retention and whether their management strategies will be enough to nurture the leaders of tomorrow, writes Jon Whiteaker

FCA and PRA propose D&I reporting measures

The consultation papers aim to introduce frameworks to measure D&I objectives

Red flags

At what point does a potential
investor become a reputational risk?

Impact Bridge appoints financial risk, compliance and ESG officer

Florencia López André joins from investment banking firm atl Capital

ERM and Greenomy join forces

The sustainability consultancy aims to incorporate Greenomy’s ESG reporting services

EU to sharpen ban on greenwashing

Predominantly aimed at consumers, some rules of new directive could target funds’ marketing communications

In conversation: The real cost of ESG

With a spate of new rules hitting the industry, alongside increasing LP demands, how much does it actually cost to be ESG compliant and how can these efforts be more than just a cost centre?