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“This is not a new framework or standard; it’s about harnessing the collective energy of investors to converge on existing ESG metrics. The intention is not to give a score or a ranking, but instead to provide better information about progress over time.”

“Through this collaboration, we expect to push toward comparable ESG performance measurement and wider adoption of ESG as an integrated objective of PE investments.”

“By supporting the ESG Data Convergence Initiative, we are committed to achieving full ESG transparency. PGGM, as a member of the ESG Metrics Steering Group, will play a role in driving the private equity market toward making more and better ESG disclosures.”

The core set of EDCI metrics gave us a great foundation to build on; we've sought to incorporate the EDCI benchmark into our internal scoring approach to enhance our understanding of how our companies are performing relative to peers.

We would encourage all GPs just to get started and submit what data you can – the EDCI’s mantra is progress over perfection so you can start somewhere and build from there.

The challenges that are experienced in collecting the data pales in comparison to the benefits that we’ve seen the EDCI unlock in enabling GPs to build their ESG practice and drive value.

Having the additional check on our data through the data validation process is helpful for our own internal checks and balances; the EDCI helps us build better quality data over time.

EDCI helps us to have more targeted engagements with GP networks and helps to focus the discussion on the most meaningful metrics.