Backstop Solutions Group published a report on the use of ESG metrics that found most allocators do not rely on set standards.
It has found that, although allocators surveyed say they want to track ESG metrics on their private portfolios, only 28% of them currently do so. The survey included 131 respondents, all allocator professionals.
Maryling Yu, chief marketing officer at Backstop, said: “[W]hat we found was not what we expected: most allocators are not, in fact, currently tracking ESG metrics” and the top reason they give for not doing so is “the lack . . .
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