Private equity firms are failing to meet growing market expectations for 'responsible' investment practices despite expecting more scrutiny over environmental, social and governance (ESG) issues in the coming years, according to a new survey by global consultancy PwC.
PwC found that more than half of private equity houses lacked a policy for ESG or responsible investment, although most reported that investor concern in the area was increasing.
The news comes as some pension schemes are...
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