fascinating WEF conversation on private equity as the new climate warriors:
- PE increasingly home for high carbon assets as less regulatory scrutiny and disclosure requirements
- PE increasingly home for high carbon assets as less regulatory scrutiny and disclosure requirements
one bold claim: PE business model can reduce carbon footprint
PE make money on way out, when they sell companies to another party
if PE inherits a certain ESG/carbon footprint, if it can reduce it in 5 years time, it can create value.
ergo, PE ultimate climate warriors.
PE make money on way out, when they sell companies to another party
if PE inherits a certain ESG/carbon footprint, if it can reduce it in 5 years time, it can create value.
ergo, PE ultimate climate warriors.
of course, 'value' is keyword, and claims that PE will have to green their companies because there are reputational costs are nonsense - Blackstone shrugged off @leilanifarha critique of their practices as institutional landlords
@leilanifarha speaking of reputational costs, apparently not that high
https://twitter.com/DanielaGabor/status/1364120311017443330?s=20
this conversation matters because PE will become holders of last resort for stranded assets, and we should be regulating them
ft.com/content/c586e4…
ft.com/content/c586e4…
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