Global LPs and GPs representing $8.7 trillion USD in AUM and more than 1,400 private companies commit to collaborative ESG reporting system in its inaugural year
Since its launch in September 2021, the ESG Data Convergence Project, which seeks to standardize ESG metrics and provide a mechanism for comparative reporting for the private market industry, has announced a milestone commitment of over 100 leading general partners (GPs) and limited partners (LPs) from across the globe to its partnership. The collaboration now represents $8.7 trillion USD in AUM and over 1,400 underlying portfolio companies with new involvement from firms including Hg, Apollo Global Management, Ares Management, Goldman Sachs Asset Management, Hermes GPE, and Oaktree Capital Management.
The group is working to streamline the industry’s historically fragmented approach to collecting and reporting ESG data, enabling greater transparency and more comparable portfolio information for LPs. With increased portfolio company representation, the partnership will continue to expand its collection of industry representative data which is expected to increase the quality, availability and comparability of ESG data in private markets.
In Spring 2022, the inaugural data from the ESG Data Convergence Project members will be aggregated into an anonymized benchmark by Boston Consulting Group (BCG) for the 2021 calendar year. The initial data covers the following six categories: greenhouse gas emissions, renewable energy, board diversity, work-related injuries, net new hires, and employee engagement.
Intent on creating a long-term mechanism for improving comparative reporting, the group will meet annually to review and assess the prior year’s data, and to build upon and add to the initial metrics. As part of these efforts, the group is also working to expand more broadly in private markets to include asset classes such as private credit.
Private equity industry stakeholders are encouraged to join this partnership of over 100 members to gather better, more informed ESG data, and in turn collectively drive greater progress on critical ESG issues. To learn more about this initiative and how to get involved, click here.
Companies committed to the ESG Data Convergence Project:
| Accel-KKR |
| Adams Street Partners |
| Advent Partners |
| AE Industrial Partners |
| AEA Investors LP |
| AlpInvest Partners |
| Ambienta Sgr |
| American Industrial Partners |
| AP6 |
| APG |
| Apollo Global Management |
| Appian Capital Advisory LLP |
| Ares Management |
| Artá Capital SGEIC |
| Astorg |
| Audax Private Equity |
| Avista Capital Partners |
| Base10 Partners |
| Birch Hill Equity Partners |
| Blackstone |
| Blue Horizon Corporation AG |
| Blue Wolf Capital Partners |
| Bregal Investments |
| Bridgepoint Group Plc |
| British Columbia Investment Management Corporation (BCI) |
| California Public Employees’ Retirement System (CalPERS) |
| Capital Innovations |
| CapMan |
| Carlyle |
| Centerbridge Partners |
| CenterOak Partners |
| Cerberus Capital Management |
| Cinven |
| CPP Investments |
| Crestview Partners |
| CVC |
| Dai-Ichi Life Insurance Company, Limited |
| DPE Deutsche Private Equity |
| EIG |
| EMK Capital |
| Employees’ Retirement System of Rhode Island |
| EQT AB |
| Everstone Group |
| FCDE |
| Fifth Wall |
| Forgepoint Capital |
| Frazier Healthcare Partners |
| Freshstream |
| Frumtak Ventures |
| FullCycle Climate Partners |
| G Squared |
| GCM Grosvenor |
| GENUI |
| Georgian |
| Gilde Buy Out Partners BV |
| Goldman Sachs Asset Management |
| Grain Management LLC |
| Hermes GPE |
| Hg |
| IK Partners |
| Insight Partners |
| Investindustrial |
| Investment Management Corporation of Ontario (IMCO) |
| Jada |
| Japan Post Bank |
| Kinneret Group |
| KLAR Partners |
| LGPS Central Limited |
| LGT Capital Partners |
| Lindsay Goldberg |
| Linzor Capital |
| LongRange Capital |
| Mayfair Equity Partners |
| Mizuho Bank |
| Montagu Private Equity |
| Moonfare |
| New York State Common Retirement Fund (NYSCRF) |
| Nordic Capital |
| Oaktree Capital Management |
| Onex |
| Palladium Equity Partners |
| Parcom Capital Management |
| Permira |
| PGGM |
| Pollen Street Capital |
| Portobello Capital |
| PSP Investments |
| Quadriga Capital |
| Rabo Investments |
| Riverstone Holdings LLC |
| San Francisco Employees’ Retirement System (SFERS) |
| SEB Private Equity |
| Sumitomo Mitsui Trust Bank |
| Summa Equity |
| The Pictet Group |
| The Rohatyn Group |
| Tikehau Capital |
| Tishman Speyer Properties |
| TowerBrook |
| Unigestion |
| Universities Superannuation Scheme |
| Vista Equity Partners |
| Wellcome Trust |
| Wellington Management |
