Finance
Calpers, Carlyle in ESG Data Push for $4 Trillion of Funds
- Investors pool information, seek transparency on private firms
- Blackstone, Canadian pension plan also part of effort
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Investors overseeing more than $4 trillion are banding together to standardize data on environmental, social and governance performance of portfolio companies, in an effort led by the largest pension and one of the largest private-equity funds in the U.S.
The California Public Employees’ Retirement System and Carlyle Group Inc. helped rally a group of more than a dozen investors to share and privately aggregate information related to emissions, diversity and the treatment of employees across closely held companies. More firms and institutions are expected to join.