11 Sep '12, 11pm
Sustainability gains importance for private equity funds
Private equity funds are paying close attention to sustainability issues these days, according to a new study. The development is due partly to increased pressure from investors and partly to structural changes in the industry that require private equity funds to put more of their own capital at risk, said the study, released today by Malk Sustainability Partners in collaboration with Environmental Defense Fund . The report surveyed 18 organizations in the private equity industry, including both fund managers (GPs) and investors, known as limited partners (LPs). The respondents’ answers showed that a lot more attention is being paid to environmental, social and governance (ESG) issues -- in other words, issues related to sustainable development, environmental stewardship and other non-financial investment considerations. "This study confirms that ESG management amongst pri...