Company climate footprints leave tracks on private equity returns
Strong ESG goals make a company more attractive while potentially improving private equity firms’ returns. ”[ESG] is becoming more and more important for us, business-wise,” says Investment Director at Nordic Capital Christian Hedegaard.
by ole andersen, translated by daniel pedersen & daniel frank christensen
In the first months of 2021, when Nordic Capital put EUR 450m on the table to get an ownership share of less than 25% in Danish pharmaceutical firm LEO Pharma, one might have been forgiven for assuming that questions concerning sustainability, CO2 emissions, and leadership diversity were absent from talks.
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