The head of ESG for the infrastructure firm says Europe's summer of heatwaves should prompt upgrades to climate risk management, including emergency preparedness and response processes.
Permira has hired a climate specialist to support portfolio level decarbonisation, and some of Permira's portfolio companies are setting science-based emissions reduction targets, says Shackleton.
The past year brought existential debate, some helpful regulation and productive collaboration on climate and data matters, but a lack of urgency is still an issue.
Australia’s Barrenjoey is managing a vehicle that will invest in private credit funds managed by Partners Group, Varde Partners, Hayfin, PAG and Bain Capital.
A new fund labelling regime will separate ‘sustainable’, ‘improver’ and ‘impact’ funds, say Herbert Smith Freehills’ Shantanu Naravane and Rebecca Perlman.
The work to streamline ESG data collection was a key development of the past year, says Apollo Global Management's chief sustainability officer.
'There still is a clear distinction between firms that have fully engaged on the climate agenda... and firms who are lagging and not taking much action, but given all the groundwork done in 2022 this group should be able to catch up quickly,' says de Kreij.
Far from pulling back on sustainability efforts, clients now see them as a way of driving value through a downturn, says Amara Goeree, Schroders Capital's sustainability director for private equity.
The French firm has bought natural capital business International Woodland Company to add to its existing private markets strategies.
Creation’s fifth fund, a private equity strategy ‘improving the lives of the unbanked and underbanked across emerging markets’, has closed at $270m.