Industry Task Force
Private Equity Task Force
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About the Task Force
Private Equity
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.
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Task Force Objectives
Accelerating Progress
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
Key Resources
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.
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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.
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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.
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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 ForceThe 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.
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Membership Composition
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
James Brocklebank
Managing Partner
- Apax
Andrew Sillitoe
Co-CEO
- Bain Capital
Steve Pagliuca
Co-Chairman
- Bridgepoint
William Jackson
Chairman
- Brookfield Asset Management
Mark Carney
Vice Chair Brookfield Asset Management and Head of Transition Investing
- Cinven
Stuart McAlpine
Managing Partner
- Clayton, Dubilier & Rice
Dave Novak
Co-President
- CVC
Rolly van Rappard
Co-Founder and Co-Chairman
- EQT
Christian Sinding
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
Peter Wilson
Co-CEO
- Hellman & Friedman
Patrick Healy
CEO
- PAI
Frederic Stevenin
Managing Partner
- Permira
Kurt Björklund
Managing Partner
- Towerbrook Capital Partners
Karim Saddi
Co-CEO
- Triton
Peder Prahl
CEO
- Warburg Pincus
Charles ("Chip") Kaye
CEO