E&F PE signs UN-supported Principles for Responsible Investment Seoul-based PE firm to incorporate ESG factors into its decision-making process
Translated by Ryu Ho-joung 공개 2021-08-06 08:35:07
이 기사는 2021년 08월 06일 07:58 thebell 에 표출된 기사입니다.
E&F Private Equity (E&F PE) has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI) as it joins other private equity firms in integrating environmental, social and governance (ESG) issues into investment practices.The Seoul-based mid-sized private equity firm on July 20 signed the PRI, according to sources. Launched in 2006, the PRI is a global network of investors working to implement six principles that incorporate ESG considerations into investment decision-making.
The PRI globally has more than 3,800 signatories representing $121.3 trillion in assets under management. PRI signatories must report on their responsible investment activities annually.
E&F PE has focused on investing in the waste management sector, with its notable portfolio companies including Koentec, Saehan Environment and Environment & Energy Solution. The firm expect its move to join the PRI will give it an advantage amid the increased interest in ESG investing. Other South Korean private equity signatories to the PRI include MBK Partners, IMM Private Equity, STIC Investments and Glenwood Private Equity.
PwC Hong Kong provided consulting services to E&F PE to create the firm’s ESG policies and ESG criteria which will be applied to its investment decisions. E&F PE will incorporate ESG factors throughout its investment process from deal sourcing and due diligence to post-merger integration, and will also monitor and evaluate investments to ensure the ESG focus continues to be met.
E&F PE is in the process of raising its second flagship fund with a target fund size of between 500 billion won ($437.3 million) and 600 billion won. The firm has so far secured capital commitments from several domestic institutional investors including Korea Development Bank, National Pension Service and Korean Teachers' Credit Union. It aims to close the new fund by the end of this year. (Reporting by Se-hun Jo)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
best clicks
최신뉴스 in 전체기사
-
- [아시아나 화물사업부 M&A]MBK 손잡은 에어프레미아, 다크호스 등극
- [대기업 프로스포츠 전술전략]전북현대, '돈방석' 기회 끝내 놓쳤다
- 골프존, 주가 하락에 발목잡혔나…GDR 분할 '무산'
- [Art Price Index]시장가치 못 찾은 퍼포먼스 작품
- 하이브 '집안싸움'이 가리키는 것
- 이익률 업계 톱인데 저평가 여전…소통 강화하는 OCI
- KB금융, 리딩금융의 품격 ‘주주환원’ 새 패러다임 제시
- 대외 첫 메시지 낸 최창원 의장의 속내는
- KG모빌리티, 라인 하나로 전기차까지
- [이사회 분석]갈 길 바쁜 LS이브이코리아, 사외이사 없이 간다