“Environmental & Social Risk Management & Sustainable Finance Capacity Building for Private Equity Fund Managers”
Submitted by Global Sustain Limited (Ltd.)
After three successful trainings in Athens, Tunis and in Istanbul, Global Sustain implemented, in co-operation with EBRD, a tailored made ESG training workshop for EBRD ‘s private equity funds clients for one day in Warsaw, Poland, on January 29, 2020 in Warsaw Marriot Hotel.
The “Environmental & Social Risk Management & Sustainable Finance Capacity Building for Private Equity Fund Managers” training included an overview of current Environmental, Social and Governance (ESG) facts, figures and trends in the Private Equity (PE) fund sphere, an overview of applicable EU, international and national Environmental & Social legislation and initiatives, as well as EBRD’s environmental and social Performance Requirements.
Short case studies, practical advice and support based on the national framework and standards, were also part of the course, while the participants had time for questions and discussions on relevant topics.
The training was attended by 35 private equity practitioners, representing 28 funds from 14 locations and with total AuM of 13 billion USD.
Mr. Michael Spanos, Managing Director of Global Sustain Group, quoted: “Global Sustain completed once again an effective training session that accomplishes participants’ goals in an interactive and engaging way. We are committed to continually develop and improve our training formats, sharing knowledge and know-how with professionals from all over the world, in close collaboration with high profile international institution such as EBRD.”
Mr. Grzegorz Zielinski, Regional Director, Head of Central Europe and Baltics, EBRD, quoted: “As ESG interest increases, we need to respond best to a new investment paradigm and build capacity providing our clients the tools and experience to become an integral part of this global shift and practice sustainability while generating value. Our collaboration with Global Sustain is an important part of the effort to achieve these goals.”
Past trainings took place in Athens on September 19, 2019, Tunis on December 4, 2019 and in Istanbul on December 6, 2019 with a significant overall impact.
In Athens, 9 private equity practitioners participated in the training, representing 5 funds with total AuM of 560 million USD.
In Tunis, 13 private equity practitioners participated in the training, representing 8 funds with total AuM of 4 billion USD.
In Istanbul, 25 private equity practitioners participated, representing 13 funds with total AuM of 15.4 billion USD.
Ms. Maya Hennerkes, ESG Lead for Financial Intermediaries at EBRD commented: “We are very satisfied with the overall impact of this pilot ESG Training with Global Sustain. In less than six months we have successfully delivered capacity building and training to 82 professionals of 53 Private Equity funds coming from 23 locations from North Africa to Middle East and Central and Eastern Europe, with a compound 33 billion USD AuM.”
About Global Sustain Group
Global Sustain Group (with presence in Athens, Berlin, Brussels, London, Nicosia and New York), is signatory member of PRI, Global Compact, supporter of TCFD and Data Partner of GRI, has significant expertise, experience, track record in ESG/SRI, TCFD etc. topics regarding trainings as well as strategy, ESG integration, reporting, etc. Global Sustain knows deep both the investment, equity funds, financial, banking as well as the corporate world from ESG/SRI financial and sustainability perspective, delivering best ESG/SRI practices and knowing both the situation in developed and emerging markets. www.globalsustaingroup.com
About the European Bank of Reconstruction and Development (EBRD)
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia), with the biggest shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 69 countries and two EU institutions. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners.
About Global Sustain
Founded in 2006, Global Sustain with offices in Athens, Berlin, Brussels, London, New York and Nicosia, creates awareness and inspires and supports companies and organisations to embody sustainability, through advisory, communications, networking and training, with a focus on the people-planet-profit philosophy. Its members include corporations, non-governmental and non-profit organisations, municipalities and local authorities, educational foundations, media, professional bodies, think tanks and other public or private entities. Global Sustain is a signatory to the Ten Principles of the UN Global Compact, to the Principles for Responsible Investment (PRI), a GRI Data Partner and Organisational Stakeholder (OS), an affiliated member of the Academy of Business in Society, Social Value International, Institute of Directors, CEO Clubs and EFQM. www.globalsustain.org / www.globalsustaingroup.com
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