Private market companies are baffled by ESG reporting requirements with 90% of companies held in private equity funds unsure how to report, according to a new study by KEY ESG.
The software firm surveyed over 100 industry participants including general partners and portfolio companies, with 43 based in the UK, another 43 in the EU and the final 14 in the US. It found that 75% of the funds it considered were required to report on ESG and 40% of funds used ESG to differentiate themselves. However, there was a lack of understanding around ESG reporting from a portfolio company level and a lack of resource from firms, this meant that firms can take up to 12 weeks to collect ESG data. Liquid alternatives back in the spotlight after year of solid performance ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
