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  "documentTitle": "ey ivca monthly pe vc roundup december 2022",
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  "notes": "Includes a hexagonal diagram illustrating the drivers for embedding purpose and transparency.",
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      "text": "A variety of drivers show the importance of embedding purpose and transparency into PE strategies, and there are abundant statistics to support this.",
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      "text": "Hexagonal cluster diagram showing: To win the best talent, To keep up with regulatory developments, To find new avenues for value creation, To meet demand from LPs, To confirm PE's license to operate.",
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      "text": "95% of LPs are either already evaluating ESG risk factors or will be increasing their focus on ESG risk factors in the coming year. 80% of CEOs believe government, business, and the public will reward companies for taking meaningful action over the next 5-10 years. Companies that rank well on ESG metrics have outperformed the market by up to 3% per year over the past five years. Employees at purpose-driven companies are 1.4x more engaged and enjoy 1.7x more job satisfaction. These employees are also 3x more likely to stay at their company. An estimated US$3t-US$5t per year is needed to meet the United Nations Sustainable Development Goals (UN SDGs), and PE is likely to play an important role in contributing financial support to achieve this.",
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      "text": "It is not difficult to grasp that value these days is increasingly being driven by nonfinancial factors. For PE, incorporating these new value elements can open doors – offering new types of investment opportunities, as well as partnerships with entrepreneurs and family owners who care about their business's legacy.",
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      "text": "In the current PE environment, there is an increasing emphasis on purpose and transparency. This is being driven by a combination of things: demand from LPs, the dynamics of origination, regulatory developments, and being able to attract the best talent.",
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      "text": "As the business world increasingly focuses on creating long-term value for society, firms with a well-defined purpose are attractive to investors and employees alike.",
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      "text": "There is also social pressure and the question of PE's license to operate. The PE industry is under greater scrutiny than ever before, and PE firms must do a better job of capturing and tracking the value they are creating and the impact of their activities.",
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      "text": "2. Pitchbook 2020 Sustainable Investment Survey; 3. 2019 EY CEO Imperative Study; 4. ESG Matters - US: Top 10 reasons you should care about ESG, Bank of America Merrill Lynch; 5. nytimes.com; 6. un.org",
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