Last updated: October 27th, 2023
This page will be updated with the latest public facing Insights from the ESG Data Convergence Initiative. As part of our overall mission, we are excited to share highlights on the state of ESG in Private Equity.
October 23rd, 2022
Over the past few months, BCG and the EDCI Steering Committee have closely collaborated to review benchmark insights from the second year of the EDCI. The majority of these insights will remain within the EDCI community, but the Steering Committee has approved the public sharing of select learnings in line with the EDCI’s mission through BCG’s ‘Sustainability in Private Equity, 2023’ report. The report combines EDCI data analysis with practitioner case studies and cutting-edge insights from BCG’s experts on carbon, renewable energy and social impact. Key takeaways include:
- Private companies have mixed performance on sustainability – underperforming public peers on some metrics (e.g. renewable energy usage, board gender diversity), and outperforming on others (e.g., job creation, C-suite gender diversity)
- We observe further evidence of the effectiveness of the PE investment model in driving sustainability outcomes (e.g., we observe improvements in renewables usage, gender diversity and work-related injuries over the average hold period)
- Additional links between ESG and financial performance are observed – e.g., greater employee engagement levels are correlated with lower employee turnover, lower injury rates are correlated with faster revenue growth
EDCI Year in Review – Interview of Meg Starr (The Carlyle Group): What a Year’s Worth of Data Tells Us About Private Equity and ESG
December 20th, 2022
Interview of Meg Starr, Global Head of Impact at Carlyle, by Ben Morley, Partner and Associate Director at BCG reviewing the inaugural year of the EDCI, and what is to come for the initiative in 2023.
October 14th, 2022
Over recent months, BCG has worked closely with the EDCI Steering Committee to review what the EDCI benchmark reveals about ESG in private equity. While the majority of these insights will remain within the EDCI community, the Steering Committee has approved the public sharing of some limited, high level insights to help the EDCI shape the future of the private equity industry’s approach to ESG (in line with the EDCI’s mission). You can find our report here.
The EDCI’s founding members describe the impetus for their unprecedented collaboration, their approach to metric selection, and initial insights developed from pilot data.