Investors push alternative managers closer on ESG
Megan Starr said Carlyle believes climate-related financial disclosure will be in great demand.
Alternative investment managers are stepping up their environmental, social, and corporate governance efforts including diversity and inclusion, pushed along by investors increasing demands for accountability.
Investors have been pushing for greater ESG efforts for years but now expect alternative investment firms to take larger strides in this direction.
The Black Lives Matter protests in 2020 brought the issue of diversity to the forefront for some asset owners and managers, while more investors in Europe and in the U.S. are incorporating it into their investment thinking.
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Oilfield Service Giants Are Expanding Beyond Oil Tech By Irina Slav - Dec 30, 2020, 6:00 PM CST
The oilfield services sector is usually the one to suffer the most during an oil and gas industry downturn. This last crisis has been no exception in most respects. Drilling fell sharply this year in response to the demand slump in both oil and gas, budgets were cut and exploration plans shrunk. There was talk we might have already seen peak oil demand. The situation begged the question what happens to oilfield services beyond oil?
To be fair, the world will need tens of millions of barrels of oil for decades to come, so “beyond oil” is a bit misleading. Yet peak oil demand may well be over, which means a shrinking market for these companies. And the largest among them are already preparing for this shrinking market.