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Seven out of ten institutional investors interviewed by PwC say they would decline to take part in a private equity fund raising or would turn down a co-investment on environmental, social and governance risk grounds. Bridging the Gap – PwC’s analysis of investor attitudes to responsible investment in the private equity industry - explores Limited Partners(1) (LPs) and their attitudes to Environmental, Social and Governance (ESG) investment issues. 97% expect responsible investment to increase in importance over the next two years, with fiduciary duty, reputational risk and corporate values ranked as the top three reasons for responsible investment.
While there was broad agreement from investors that ESG creates value, both for society and shareholders, respondents say...
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