Heads of private equity-backed firms can boost responsible investing
Directors of private equity backed companies are in an advantageous position to encourage ESG integration as a part of its long-term goals - a measure backed by the UK Companies Act.
Simon Witney, special counsel, Debevoise & Plimpton
A legal memo by law firm Debevoise & Plimpton and commissioned by the Principles of Responsible Investment (PRI) pointed out obligations of the directors on private equity backed portfolio company boards to consider the ESG r