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ESG

CapMan hires ESG director

Anna Olsson joins from ISS ESG, a sustainability consultancy, where she has worked since 2015

IPEM 2021: PE must embrace decarbonisation

Mathieu Chabran, co-founder of Tikehau Capital talks about decarbonising certain sectors and why those firms which only do it because they are forced to, will fail

IPEM 2021: PE is ready

Claire Chabrier, president of France Invest discusses how the Covid pandemic has accelerated innovation, climate issues and social responsibility

ESG disclosure divergence

The FCA's climate-related disclosure proposals mark the first policy disclosure divergence in post-Brexit UK for private equity; how do the new rules stack up against the European Commission's SFDR?

Profile: Stella Morse, Inverleith

The CFO discusses joining the private equity firm from the consumer world, what she thinks of the latest ESG regulations and setting up Inverleith's first institutional fund

CDP aims to standardise environmental data

It aims to increase disclosure from private companies, which have previously avoided scrutiny on environmental issues and pressure to decarbonise

SS&C launches ESG reporting solution

"We see the growing manager and investor demand to incorporate ESG metrics into client reporting at the manager and portfolio level."

Carlyle secures €2.3bn ESG-linked facility

Revolving credit facility is linked to boosting board diversity, tackling climate change and ESG-competent training

Domicile watch: August 2021

Key takeaways from the major PE domiciles: including the FCA's third consultation paper on UK IFPR, Guernsey's appointment of a strategic adviser for green and sustainable finance and Hong Kong's SFC amended fund manager code of conduct

Ogier launches ESG compliance tool

The tool aims to help fund managers get up to speed with ESG themes, terminology, regulatory requirements as well as climate-related risk in portfolio management

ILPA seeks feedback on DDQ and DEI metrics

These latest updates aim to reflect the changes in the industry over the past several years, specifically around ESG and DEI

PwC’s Woehl joins Montagu

In her new role, Woehl will help develop and refine Montagu’s existing ESG processes and procedures as well as support the portfolio companies’ ESG efforts

2025: PE’s digital golden year

In 2025, structured data exchange will be the norm for fund managers as PE moves away from Excel. The Drawdown explores the tech solutions making that future a reality

CGE receives B Corp certification

The status confirms the firm’s high social and environmental standards, as part of its broader investment strategy and activities

ILPA launches LP ESG framework

The framework helps LPs evaluate and benchmark GP responses to DD, inform goal setting conversations with GPs and measure ESG integration progress over time

ICG secures €1.45bn ESG-linked sub-line

Facility was provided by Standard Chartered Bank, BNP Paribas, ANZ Banking Group, ING Bank, and Royal Bank of Canada

The Drawdown Awards: GP finalists announced

We are pleased to present the GP finalists for The Drawdown Awards 2021

Profile: Feizal Moossa, Adenia Partners

The chief risk officer discusses the importance of his role within private equity, how his responsibilities have evolved since joining Adenia in 2003 as well as operating without an in-house legal team

Core values biggest influence on ESG attitudes

52% of GPs believe their firm’s core values have the greatest influence on their attitude and activity with regards to ESG and sustainability

ESG deal DD key dataset for LPs

60% of LPs believe the most important dataset to determine a GP's ESG focus, is the way in which ESG is embedded into the investment process

Profile: Elizabeth Seeger, KKR

The managing director, sustainable investing recalls being the first ESG-specific professional in the industry, how KKR's ESG processes have evolved since she joined as well as her involvement with SASB and UN PRI

FCA, PRA & BoE outline D&I initiatives

“Regulators and industry need to work together to increase diversity at senior levels and ensure the UK’s financial services firms are best equipped to serve the economy”

EU delays SFDR application date

SFDR application has moved from 1 January 2022 to 1 July 2022 to ensure a smooth implementation of the standards

The Drawdown Awards 2021: Finalists Announced

Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist

Lack of standardisation biggest threat to ESG

“Without one standardised framework for reporting standards, we will continue to see firms mixing and matching various guidelines, hindering long-term process in the area.”

Domicile watch: June 2021

Key takeaways from the major PE domiciles: including Guernsey's updated code of corporate governance, Luxembourg's FAQ on MiFID application and Cyprus' new form related to cross-border activities

EQT creates new sustainability roles

Bahare Haghshenas is global head of sustainable transformation, while Sophie Walker is head of sustainability for private capital

FCA proposes climate-related disclosures

The proposals aim to increase transparency while enabling clients to make considered choices while remaining proportionate for firms

Preqin appoints head of ESG

Jaclyn Bouchard joins from S&P Global, was director of ESG & sustainable finance products within its global ratings division

North America ahead of Europe on D&I

75% of North American GPs said they are more likely have taken action to support equity and advancement of women and employees from underrepresented groups

Comment: The importance of being idle

Corona not only cleared the skies but also our minds, writes Riverside Europe COO, Dörte Höppner

PE needs to spend more on data management

State Street's report found 70% of alternative asset managers said they need to spend more money on data management to handle increased pressures and demands

KPMG joins campaign for reporting taxonomy

KPMG UK has become a founding member of Private Capital Data Standards Alliance (PCDS Alliance – formerly ADS Initiative)

LPs increasingly concerned by tax and regulatory changes

43% of LPs identified regulatory changes as the greatest risk to PE returns

Role Call: D&I officer

The diversity & inclusion role is emerging in private equity, but how necessary is a dedicated officer?

Comment: ESG and fund finance

Michael Mbayi of Wildgen and Thomas Hallett of Barclays explore how funds can embrace ESG fund finance solutions

New horizons: Carbon pricing

Professor Gianfranco Gianfrate, Climate Finance Lead and Professor of Finance at the EDHEC-Risk Institute, says carbon pricing is happening and managers need to prepare

Private equity must address climate change risk

“Climate change presents unprecedented business opportunities for the industry in addition to risks”

Waterland closes €500m ESG-linked bridge loan

"We are rapidly moving towards a world wherein all finance is linked to sustainability in one way or another"

Adams Street names director of ESG

Yohan Hill will develop strategies and solutions which aim to bring further transparency to ESG risks and opportunities within the firm's portfolios and investments

Profile: Paul Yett, Hamilton Lane

The director of ESG & sustainability discusses the evolution of the firm's ESG processes, setting up its DE&I council and why diversity is important to him on a personal level

Nordic Capital secures ESG-linked facility

The revolving facility is linked to Nordic Capital Fund X, which closed on €6.1bn in October 2020

Comment: ESG fund financing trends

Sarah Lobbardi of Avardi Partners details the latest trends around ESG-linked fund finance

SFDR: EFAMA calls for Taxonomy consistency

The association has identified key issues which need to be addressed by the ESAs

KKR acquires ERM

KKR’s Core Investments strategy acquired the majority stake from Omers Private Equity

In conversation: Cyber security, an ESG concern

A recent webinar discussion explored the treatment of cyber security as an ESG practice

Climate change: all talk, less action

A new report from PwC found 90% of PE firms are concerned about climate change but only 50% are taking action

Profile: Sedef Köktentürk, Blue Horizon

The managing partner & COO discusses upgrading the impact investor's technology and processes, how the niche strategy impacts her role, and how being an Olympic athlete taught her the value of collaboration and cooperation to achieve goals

BlueMark creates impact benchmark

The benchmark aims to track best practices in impact management in a bid to eliminate impact-washing

AlpInvest secures ESG-linked sub-line

ABN AMRO arranged the facility while Rabobank acted as sustainability co-ordinator

Diligencing diversity

Gender diversity is a key issue for private capital markets, but are LPs digging deep enough when diligencing fund managers?

A guide to improving gender diversity

What can PE houses do to better their employee ratios? Sasha Graham of Equality Group provides her top insights

WATCH: What do LPs do with all the data?

A recent webinar discussion explored the way in which data is being communicated, how technology is helping both GPs and LPs, and what LPs are doing with all the information

Procensus extends to PE

The regulated platform aims to help investors understand market consensus on macro topics such as key ESG issues, market transactions (M&A and IPOs), stocks and stock specific events

LISTEN: Do we even need standardisation? Episode 2

The second instalment of a recent podcast discussion examined industry body reporting efforts, and asked if standardised reporting is still necessary?

Blackstone adds new ESG roles

The firm has added new resources and capabilities within its business units and is building out a corporate ESG structure

Accountability main focus for improving DE&I

ILPA Diversity in Action (DIA) signatories have set up cross-functional councils, committees or task forces

NorthEdge names COO and head of ESG

The GP confirmed to The Drawdown this is the first COO role at the firm, as well it’s first dedicated role for ESG

LISTEN: Do we even need standardisation? Episode 1

A recent podcast discussion explored technological advances in data transmission, and asked if standardised reporting is still necessary?

WATCH: Cybersecurity, and ESG concern

Cybersecurity is a matter of good governance, as well as reputation and risk management - putting it at the heart of ESG practices