How are the private markets approaching ESG data?

It is not telling stories out of school to say that the private markets have lagged public markets in addressing the challenges of ESG and climate reporting. Regulatory scrutiny is driving ESG reporting in funds and portfolio companies However, banks are starting to train their sights on the ESG data black hole that is unlisted businesses; they need climate risk data from their underlying counterparties so that they can more accurately conduct their climate stress tests. The FCA regulated UK commitment to TCFD reporting includes private equity businesses, and while there are differe...