GPs have struggled with a mounting volume of bespoke ESG data requests from their LPs, while their underlying portfolio companies navigate an increasingly complex set of ESG frameworks. Also, in GPs’ interaction with current or prospective portfolio companies, they have been unable to draw on meaningful private market data to develop an understanding of their own relative performance on key dimensions.

The EDCI helps GPs address these challenges. It simplifies their process of reporting to LPs by using standard definitions and templated methods, and provides them with benchmark-derived insights into how their portfolio companies compare relative to their peers.

What does it mean for GPs to be part of this collaboration? To participate, GPs agree to:

• Determine the funds/strategies that will be part of the project (while we recognize GPs may start with a subset of their investment strategies, the expectation is this will increase over time, as feasible).
• Change their internal data collection system to track the six categories of KPIs and associated segmentation/normalization KPIs.
• Abide by the ESG Metrics for Investor Reporting Handbook to the extent possible, and explain instances of deviation.
• As requested, supply the EDCI KPIs to LPs invested in a particular strategy, preferably using the standard template (available here).
• As soon as feasible, but by April 30 each year, provide to central aggregator the above data for the prior calendar year, anonymized by company.
• Agree to be publicly associated with the effort.
• Encourage LPs to align with this effort.
  Voluntarily serve on working groups or self-nominate to join the steering committee.

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