Industry Task Force
Private Equity Task Force
About the Task Force
The Sustainable Markets Initiative’s (SMI) Private Equity Task Force brings together leading private equity firms to identify ways that the industry can accelerate progress towards a more sustainable future. Focusing on climate change, biodiversity and sustainability-related metrics for private markets, it leverages expertise within each member firm and works with the other SMI Task Forces.
The Private Equity Task Force was launched in 2021 and is the first ever CEO-level private equity working group established to consider ways the industry can effect change.
Task Force Objectives
With its global presence and operational expertise, the private equity industry is uniquely positioned to advance the transition to a more sustainable future, while working to enhance value and mitigate risk.
The Task Force is currently working to identify approaches to:
Integrating climate change-related considerations into the investment process;
Identifying the value of and risks to biodiversity and natural ecosystems and approaches to protecting them;
Bring clarity on sustainability-related metrics for private markets.
Private Equity Task Force
Note: While the reports available here have been compiled by a number of Private Equity Task Force firms, membership of the Private Equity Task Force does not imply endorsement by all members of the contents of these reports.
Climate Working Group Report 24 April 2023
Valuing Carbon in Private Markets
This report provides voluntary best practices guidance that private equity firms can be inspired by and adapt as they take steps towards valuing carbon in the investment process.
Biodiversity Working Group Report 24 April 2023
Nature Positive: The Next Horizon for Investors
This report outlines how biodiversity can be both value-accretive and risk-reducing when factored into a business plan and investment cycle.
ESG Metrics Working Group Report 24 April 2023
ESG Metrics in Private Equity
This report is a private equity practitioner’s guide to selecting relevant and decision-useful ESG metrics. When combined with financial metrics, a targeted approach to ESG metrics helps to support investing and drives sustainable value.
James Brocklebank, Managing Partner & Co-Chair of Advent International’s Global Executive Committee; Chair of the Sustainable Markets Initiative's Private Equity Task Force
The private equity industry is increasingly integrating consideration of Environmental Social and Governance (ESG) factors into the investment process. The Task Force’s extraordinary collective reach, together with the operational influence across member firms’ portfolio companies, means private equity is uniquely positioned to help accelerate the transition to a more sustainable future.
With over $1.5 trillion of assets under management, Task Force members have a powerful platform to drive forward a greater focus on sustainability and ESG.
Made up of members from many of the world’s leading private equity firms including:
- Advent International
- Bain Capital
- Brookfield Asset Management
Vice Chair Brookfield Asset Management and Head of Transition Investing
- Clayton, Dubilier & Rice
Rolly van Rappard
Co-Founder and Co-Chairman
CEO and Managing Partner
- General Atlantic
Lord John Browne
Senior Advisor and Chairman of Climate & Sustainability Investing
- Gulf Capital
Karim El Solh
Co-Founder and CEO
- HarbourVest Partners
- Hellman & Friedman
- Towerbrook Capital Partners
- Warburg Pincus
Charles ("Chip") Kaye