Posted March 21, 2023
Tracking and reporting on ESG action is one of the most difficult but crucial parts of tackling the biggest economic, social and environmental challenges of our time. Industry players are being prompted to think more proactively about how they can progress on their ESG journey from a position of only using metrics for “mitigating risk” to also “incorporating ESG as a competitive advantage.”
Over the past few years, various global initiatives have been making significant progress in creating a more harmonized set of reporting standards for ESG. The initiatives include the ILPA ESG Assessment Framework, ESG Data Convergence Initiative, IFRS Foundation and UN PRI. To prepare the industry in anticipation of regulatory standards, BDC Capital recently launched a national ESG reporting template for Canadian VC and mid-market private equity firms.
Allison Nankivell, Senior Vice President, BDC Capital and Chair, ILPA and panelists discuss and guide attendees through the new framework.