Publications
Publications
- August 2020
- HBS Case Collection
U.S. Private Equity Firms: ESG and Impact (B)
By: Lynn S. Paine and Holly Fetter
Abstract
This is the second part of a two-part note. The first part (A) explores how US private equity firms are incorporating ESG (Environmental, Social, & Governance) factors and impact objectives into their investment strategies and firm practices. It is based on publicly available information and on interviews with representatives from leading firms, limited partners (LPs), academic experts, and relevant nonprofit organizations. The note begins with background on the PE industry. It then examines why and how firms are incorporating ESG and impact objectives, identifies the barriers to integrating these objectives more fully, and summarizes some areas of possible improvement.
The second part (B) offers suggestions for roles various constituents can play in advocating for improved ESG and impact efforts in the PE industry.
The second part (B) offers suggestions for roles various constituents can play in advocating for improved ESG and impact efforts in the PE industry.
Keywords
Private Equity; Corporate Social Responsibility and Impact; Social Issues; Financial Services Industry; United States
Citation
Paine, Lynn S., and Holly Fetter. "U.S. Private Equity Firms: ESG and Impact (B)." Harvard Business School Background Note 321-037, August 2020.
About The Author
