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Is There a Universal Standard for ESG in GPs?
There's no set of universal standards about what good looks like. LPs are wrestling with the same types of topics because they actually have to have well-developed ESG policies. The fiduciary investor who has to match liabilities and as you rightly state may have a government mandate to invest in a certain way ends up very different from a young family investing for their future through mutual funds in a some post-tax account in the US. That at large institutional investor may very well have bespoke portfolios available to it. Is actually a complex reality to discuss in simple formats like even news articles or casual discussion? So we're in the midst of a very advanced debate.