The proportion of alternative fund managers addressing climate-related risks and making improvements in diversity, equity and inclusion issues has risen sharply over the last 12 months, according to a report by LGT Capital Partners.
The $95bn alternative investment specialist's annual ESG report, which assessed the activities of 381 asset management firms globally, including 309 private equity firms, found the proportion of managers addressing climate-related risks rose 12 percentage points, to 55%. The research also showed that managers have significantly improved their efforts in the area of DEI, as 69% of them now have a DEI policy in place, up from 50% two years ago. ;: Private debt managers have made strides in their climate change policies: 81% of the firms examined are currently analysing their own carbo...
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