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The views expressed are those of the authors at the time of writing. Other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, or accredited investors only.
As we look to 2023, ESG factors remain critical business issues for public and private companies alike. In our view, understanding and incorporating material ESG factors as early as possible enables more informed and strategic business decisions for the year ahead. Yet less than half of private company boards assess ESG-related risks and opportunities.1 In 2023 and beyond, we will continue to work with our portfolio companies to proactively tackle their distinct ESG issues.
Notably, though materiality differs for each company, we think the following five topics are particularly relevant for private companies today.
The ESG landscape in private markets is constantly evolving. In our view, private companies that proactively address their material ESG issues will be better equipped to navigate the market’s changing expectations. To learn more about these topics, visit our ESG insights for private companies homepage.
1Source: National Association of Corporate Directors, 2022 Private Company Board Practices and Oversight Survey. | 2Source: Spencer Stuart, "2022 S&P 500 Board Diversity Snapshot," June 2022. | 3Source: National Association of Corporate Directors, 2022 Private Company Board Practices and Oversight Survey. | 4Source: Ponemon Institute and IBM Security, Cost of a Data Breach Report, July 2021. To calculate the average cost of a data breach, this research excludes very small and very large breaches. Data breaches examined in the 2021 study ranged in size between 2,000 and 101,000 compromised records. Source: Business Wire, November 2021. | 5Source: National Association of Corporate Directors, 2022 Private Company Board Practices and Oversight Survey. | 6Source: Bloomberg Law, "China Forced Labor Law Prompts Sweeping Supply Chain Reviews," August 2022.
Governance best practices in public markets
For private companies approaching the public markets, we highlight the corporate governance best practices that can help pave strong relationships with public market investors.
Cybersecurity for private companies
We highlight today's rising cybersecurity risks, explore how they impact private companies, discuss key regulatory considerations, and share best practices for companies facing these threats.
ESG integration in public and private markets
Two ESG leaders discuss why ESG matters for investors, and how their teams help inform the investment process. They also share their priority research and engagement topics for 2023.
Human capital management for private companies
We discuss why effective people management is critical for private companies and outline four strategic focus areas that can help companies navigate evolving employee needs, regulatory changes, and investor expectations.
ESG in private markets: Insights for 2023
We highlight five key areas for private companies to prioritize in 2023 and share the essential steps they can take to keep up with today’s evolving ESG risks and opportunities.