Private Equity Industry’s First-Ever ESG Data Convergence Project Announces Milestone Commitment of Over 100 LPs and GPs

January 31 2022
Private Equity Industry’s First-Ever ESG Data Convergence Project Announces Milestone Commitment of Over 100 LPs and GPs Image

  • 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 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