PitchBook will be publishing its second annual Private Equity ESG Survey Report tomorrow. The report, sponsored by RR Donnelley, analyzes survey responses from dozens of private equity firms and limited partners on the environmental, social and governance issues at both the firm and portfolio company levels.
As part of this year's survey, PitchBook asked respondents to name some of the firms they viewed as leaders in ESG practices. It was encouraging to see firms of all different sizes and from both sides of the Atlantic be named, but there were two clear industry leaders: KKR and Doughty Hanson. KKR was the most frequently named leader in ESG practices in both this and last year’s survey, which is no surprise considering the firm initiated its Green Portfolio Program in 2008 and maintains an ongoing partnership with the Environmental Defense Fund. Doughty Hanson, a London-based European private equity firm, wasn’t mentioned in last year’s survey, but was cited as a leader by several firms and LPs this year.
For an in-depth look at what makes these two firms leaders in ESG practices, click here.