PEI: Argentum interviewed in Responsible Investment 2021 issue
Private Equity International (PEI), a global insight, analysis and data provider for the private equity industry, released its report Responsible Investment 2021 in February.
Climate risk and opportunity is “an important part” of the ESG agenda for Argentum Asset Management, a private equity investor owned by the Norwegian government, says Jon Fredrik Vassengen, a manager at the investor who covers ESG. Part of its due diligence covers climate, but its expectations for new managers also take into account where they operate and in what sector. “It is not a one-size-fits-all approach,” says Vassengen.
Argentum, which has €1.6 billion under management, asks GPs for portfolio company emissions data. It does not receive data for all the circa 700 companies, “but we get a good view of the most relevant companies in the portfolio”, says Vassengen. His colleague, senior associate Christoffer Gundersen, notes that, in 2019, the LP received carbon emissions reports on twice as many companies as in 2018, confirming that an increasing number of companies have this data available.
Diandra Soobiah, Head of Responsible Investment at the National Employment Saving Trust; Julia Wikmark, Sustainability Manager at EQT; and Cornelia Gomez, Head of ESG and Sustainability at PAI Partners were also interviewed for the analysis written by Toby Mitchenall.
See the full Responsible Investment report by PEI here.
Read more about Argentum’s ESG work here.