ESG Data Convergence Project

Leading global GPs and LPs have partnered to align on a standardized set of ESG metrics and mechanism for comparative reporting.

The Project's objective is to streamline the private investment industry’s historically fragmented approach to collecting and reporting ESG data in order to create a critical mass of meaningful, performance-based, comparable ESG data from private companies. This allows GPs and portfolio companies to benchmark their current position and generate progress toward ESG improvements while enabling greater transparency and more comparable portfolio information for LPs.

To create this convergence, the Project’s participating firms have agreed to report on a core set of ESG metrics across six categories and drawn from existing frameworks. The categories include greenhouse gas emissions, renewable energy, board diversity, work-related injuries, net new hires, and employee engagement. For the 2021 calendar year, GPs will track and report the agreed-upon metrics in a standardized format for underlying portfolio companies. The data will be shared directly with invested LPs, and aggregated into an anonymized benchmark by Boston Consulting Group (BCG), which is supporting the overall effort.

The group plans to meet annually to assess the prior year’s data, and to refine and build on the initial metrics, prioritizing materiality. This collaboration is intended to be a long-term mechanism to increase the quality, availability, and comparability of ESG data in private markets.

The partnership is open to any private market investors that wish to join and agree to support the principles of the work. The effort encourages private market industry stakeholders to work together to gather better, decision-useful ESG data in order to generate deeper insight into ESG factors and their relationship to financial outcomes, and, ultimately, to drive greater progress on critical ESG issues.

 

To learn more about this initiative please see the following resources:

Overview materials to learn more about the ESG Data Convergence Project.

Access the 2022 reporting template.

 

Submit your data to the project.

Indicate interest and receive more information on the Project.

Access the technical guidance handbook for Project reporting.

Formally join the Project by submitting the commitment survey.

Review frequently asked questions.

 

Upcoming Informational Sessions:

We most recently held an information session for GPs and LPs on February 23rd, and are in the process of confirming the date for the next information session.

Participating LPs and Investment Managers:

Adams Street Partners
AlpInvest Partners*
AP6
APG*
Arcano Partners
Argentum Asset Management
Azalea Investment Management Pte. Ltd.
Border to Coast Pensions Partnership
British Columbia Investment Management Corporation (BCI)
California Public Employees' Retirement System (CalPERS)*
Cambridge University Endowment Fund
Capital Innovations
Citibanamex Afore
COMMITTED ADVISORS
CPP Investments*
Dai-Ichi Life Insurance Company, Limited
Employees’ Retirement System of Rhode Island
Esses Capital Partners
Fjärde AP-fonden (AP4)
GCM Grosvenor
Golding Capital Partners
HarbourVest
HSBC
Investment Management Corporation of Ontario (IMCO)
Jada
Japan Post Bank
Japan Post Insurance
Kinneret Group
KIRKBI A/S
LGPS Central Limited
LGT Capital Partners
Mercer
Mizuho Bank
Moonfare
Morgan Stanley
Neuberger Berman
New York State Common Retirement Fund (NYSCRF)
Nippon Life Insurance Company
Nomura Asset Management
Norinchukin Bank
Norinchukin Zenkyoren Asset Management
OPTrust
PGGM*
PSP Investments*
Rabo Investments
San Francisco Employees' Retirement System (SFERS)
Schroders Capital
SEB Private Equity
StepStone Group
Sumitomo Mitsui Trust Bank
SwanCap Investment Management S.A.
The Pictet Group*
UBC Investment Management Trust Inc.
Unigestion
Universities Superannuation Scheme
University Pension Plan Ontario
Wellcome Trust*
Willis Towers Watson (WTW)
Wilshire

 

 

Participating GPs:

Accel-KKR
Advent Partners
AE Industrial Partners
AEA Investors LP
AG International
Alantra Private Equity
Ambienta Sgr
American Industrial Partners
Apollo Global Management
Appian Capital Advisory LLP
Ara Partners
ARDIAN
Ares Management
Artá Capital SGEIC
Astorg
Athena Ventures
Audax Private Equity
Avista Capital Partners
Axcel Management
Baring Private Equity Asia
Base10 Partners
BC Partners
Birch Hill Equity Partners
Blackstone
Blue Horizon Corporation AG
Blue Wolf Capital Partners
Bregal Investments
Bridgepoint Group Plc*
CapMan
Carlyle*
Centerbridge Partners
CenterOak Partners
Cerberus Capital Management
Cinven
Cornell
Crestview Partners
CVC*
Cycle Capital
Denham Sustainable Infrastructure
DPE Deutsche Private Equity
EIG
EMK Capital
EQT AB*
Equistone
Everstone Group
Exponent
FCDE
Fifth Wall
Firmament
Forgepoint Capital
Frazier Healthcare Partners
Freshstream
Frumtak Ventures
FullCycle Climate Partners
GENUI
Georgian
Global Infrastructure Partners
Goldman Sachs Asset Management
Grain Management LLC
GREENPEAK Partners
GTCR
Gulf Capital
Hermes GPE
Hg
Iberis Capital
IDG Capital
IK Partners
Insight Partners
Investindustrial
Kinderhook Industries
KLAR Partners
Lindsay Goldberg
Linzor Capital
LongRange Capital
Madison Dearborn Partners
Manulife Investment Management
Mayfair Equity Partners
McRock Capital
Montagu Private Equity
NAZCA CAPITAL
NB Renaissance
New Mountain Capital
Next World LLC
Nordic Capital
NorthEdge
Northleaf Capital Partners
Norvestor
Oaktree Capital Management
Onex
Orion Resource Partners
Palladium Equity Partners
Paragon Partners
Parcom Capital Management
Permira*
Pioneer Point Partners
Pollen Street Capital
Portobello Capital
Quadriga Capital
Quantum Energy Partners
Regeneration.vc
Rivean Capital BV
Riverstone Holdings LLC
Sandbrook Capital
SkyKnight Capital
STG
Summa Equity
Tailwind Capital
The Jordan Company
The Rohatyn Group
Tikehau Capital
Tishman Speyer Properties
TowerBrook*
TZP Group
UpperStage Capital
Veritas Capital
Vista Equity Partners
Vitruvian Partners
Waterpoint Lane
Weatherford Capital
Wellington Management
Welsh, Carson, Anderson & Stowe

Aligned Investment Advisors and Consultants:

Callan LLC
Investment Consultants Sustainability Working Group - US
Meketa
Mercer
Phenix Capital Group
Segal Marco Advisors
StepStone Group
Willis Towers Watson (WTW)
Wilshire

*Steering Committee Member

List up-to-date as of 2022/05/05

For more information or to contact the Project with questions reach out to ESGmetrics@bcg.com.