Twitter LinkedIn
    Sunday, March 26
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Diversity»Carlyle announces ESG-linked credit facility in Europe at €2.3 billion tied to advancing board diversity and other ESG targets
    Diversity

    Carlyle announces ESG-linked credit facility in Europe at €2.3 billion tied to advancing board diversity and other ESG targets

    September 7, 20212 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Global investment firm Carlyle today announced it has secured a €2.3 billion ESG-linked credit facility for its European private equity and real estate platform, to support the firm’s 30% board diversity target, and to address climate change and achieve better ESG outcomes through training. The new facility represents the next step in Carlyle’s ongoing commitment in Europe to drive further positive ESG change.

    Earlier this year, Carlyle secured the largest ESG-linked private equity credit facility in the US for $4.1 billion which was the industry’s first facility to focus exclusively on advancing board diversity. The European facility builds on this example and reaffirms Carlyle’s commitment to working alongside its portfolio companies to achieve its 30% board diversity goal, with near-term step-up targets.

    Carlyle recognises that board diversity contributes to more deliberative decision-making processes and more effective governance. The firm’s own research has shown that the average earnings growth of Carlyle portfolio companies with two or more diverse board members is approximately 12% greater per year than companies that lack diversity.

    Kewsong Lee, CEO at Carlyle, said: ‘For many years Carlyle has been driving significant progress on board diversity in our portfolio companies on a global basis, recognising the correlation with strong financial decisions and performance. This European ESG-linked credit facility closely follows that of our Americas private equity platform, and together represent a significant moment in Carlyle’s strategy to reinforce our commitment to achieving greater diverse board-level representation.’

    Read more/Source: Market Screener

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    diversity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Prudential makes USD200m commitment to diversity

    August 21, 2021

    Buyside firms waving $200k+ packages at women, minorities

    May 20, 2021

    Target Pledges to Buy $2 Billion in Black-Owned Brands by 2025

    April 9, 2021

    BlackRock Breaks Ranks With Wall Street in Performing Race Audit

    April 7, 2021

    Comments are closed.

    Other Articles

    LLCP portfolio company Trinity Consultants acquires SESPE Consulting

    January 18, 2021

    McAfee Enterprise Business To Be Sold To STG For $4B

    March 9, 2021

    Nordic Capital makes seven promotions including two new partners

    February 3, 2022

    Wells Fargo sells asset management arm to private equity firms for $2.1 billion

    February 24, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?