EDC to track European private equity emissions and progress towards net zero, Will also measure women’s role in the board and staff of portfolio companies
As the authoritative data source on European private equity and venture capital, the European Data Cooperative
(EDC) will collect detailed environment, social and governance (ESG)
information as part of a new initiative to measure industry efforts in
tackling environmental, social and governance (ESG) issues including
climate change, female under-representation and bribery and corruption -
highlighting the industry’s commitment to the highest ESG standards.
The EDC – the non-profit market-leading database established in
partnership between Invest Europe and national private equity
associations across Europe - gathers fundraising, investment, divestment
and economic impact and performance data on more than 1,600 European
private equity and venture capital firms and their portfolio companies,
accounting for 90% of the €754 billion in capital under management in
Europe.
From mid-2022, and as a result of EDC data collection efforts, Invest
Europe and participating national associations will be able to comment
on robust ESG data from private capital firms across Europe. The aim is
to measure the industry’s performance on the ESG issues that matter to
society, and to track progress on an annual basis.
The EDC serves as a single data entry point for all private equity
and venture capital fund managers across Europe. Using one platform with
a standardised methodology allows for consistent pan-European
statistics that are comparable across the region. This better informs
fund managers, investors, policymakers, regulators, media and other
stakeholders.
Eric de Montgolfier, Co-Chair, EDC and CEO, Invest Europe, commented:
- “European private equity and venture capital is committed to
playing its part in combating climate change, encouraging greater
diversity and inclusion, and being an exemplary corporate citizen.
- “You cannot manage what you don’t measure, so this latest
initiative will enable us to transparently present private equity’s ESG
achievements, as well as the industry’s progress towards a cleaner,
greener and fairer future for Europe.”
InvestEurope
© Invest Europe (formerly EVCA)
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