{"id":3909,"date":"2023-04-18T11:46:06","date_gmt":"2023-04-18T11:46:06","guid":{"rendered":"https:\/\/esggia.com\/?p=3909"},"modified":"2023-06-06T16:58:47","modified_gmt":"2023-06-06T16:58:47","slug":"private-equity","status":"publish","type":"post","link":"https:\/\/esggia.com\/en\/2023\/04\/18\/private-equity\/","title":{"rendered":"Private Equity: key sustainability lever"},"content":{"rendered":"

<\/p>\n\n\n<\/p>\n

Little is said about the fundamental role that Private Equity can play to mitigate climate change. Some transactions in the sector are fostering, for example, green hydrogen or the circular economy in Spain, but up to now the leading role has been played by governments, corporations and investors in decarbonizing technologies.

In a strategic-business context, in which it seemed that almost everything was invented and financial value was linked to incremental business plans, Sustainability has emerged as a disruptive differentiator. Virtually all sectors are facing a deep transformation.

An ideal playing field for Private Equity.

However, as in the case of businesses, not all private equity firms are open or prepared to:<\/p>\n

    \n
  1. Understand Sustainability from a strategic perspective and not as a mere regulatory requirement or an update of traditional CSR; an opportunity to simultaneously grow in financial value and positive environmental and social impact.<\/li>\n
  2. Lead the redefinition of sectors, value chains and business models required by decarbonization, going far beyond traditional recipes such as operational optimization and sector consolidation.<\/li>\n
  3. Refresh the premises on which investment decisions were made 3-5 years ago, when decarboniaztion was mainly associated with the energy sector.<\/li>\n<\/ol>\n

    Taking advantage of the opportunity of embedding sustainability into strategy implies an evolution of the sector's management practices:<\/p>\n

      \n
    1. Include in the due diligence<\/em> an assessment of a) the business model according to the new competitive requirements and climate action, and b) comprehensive scenarios of profitable growth, emissions reduction and societal improvement.<\/li>\n
    2. Review the business plans of the portfolio companies using the Sustainability lense. There will be more opportunities than risks for those who do it first.<\/li>\n
    3. Incorporate expert and transversal knowledge, with influence on portfolio and businesses strategy definition.<\/li>\n<\/ol>\n

      The path towards Net Zero will not be completed in 2050 without an active Private Equity involvement. Of course, not all firms are going to be successful in this new scenario. Sustainability does not wait for laggards.<\/p>\n

      \n\n\n

      <\/p>","protected":false},"excerpt":{"rendered":"

      Poco se habla del papel fundamental que puede jugar el Private Equity en la mitigaci\u00f3n del cambio clim\u00e1tico. Algunas operaciones del sector est\u00e1n impulsando, por ejemplo, el hidr\u00f3geno verde o la econom\u00eda circular en Espa\u00f1a, pero hasta el momento el protagonismo lo est\u00e1n teniendo las administraciones, las corporaciones y los inversores en tecnolog\u00edas descarbonizadoras. En un contexto estrat\u00e9gico-empresarial en el que parec\u00eda que casi todo estaba inventado y el valor financiero estaba ligado a planes de negocio incrementales, ha aparecido la Sostenibilidad como un diferenciador disruptivo. Pr\u00e1cticamente todos los sectores est\u00e1n afrontando una profunda transformaci\u00f3n. Un campo de juego ideal para el Private Equity. Sin embargo, como ocurre en el caso de las empresas, no todas las firmas de Private Equity est\u00e1n abiertas o preparadas para: Entender la Sostenibilidad en clave estrat\u00e9gica y no como un requisito normativo o una actualizaci\u00f3n de la RSC tradicional: una oportunidad para crecer simult\u00e1neamente en valor financiero e impacto positivo medioambiental y social. Liderar la redefinici\u00f3n de sectores, cadenas de valor y modelos de negocio requerida por la descarbonizaci\u00f3n, yendo mucho m\u00e1s all\u00e1 de recetas tradicionales como optimizaciones operativas y consolidaciones sectoriales. Actualizar las premisas sobre las que se tomaron decisiones de inversi\u00f3n hace 3-5 a\u00f1os, cuando la descarbonizaci\u00f3n se asociaba principalmente al sector energ\u00e9tico. Aprovechar la oportunidad que supone integrar la Sostenibilidad en la estrategia implica una evoluci\u00f3n de las pr\u00e1cticas de gesti\u00f3n del sector: Incluir en las due diligence una evaluaci\u00f3n a) del modelo de negocio en base a los nuevos requerimientos competitivos y de acci\u00f3n clim\u00e1tica, y b) de escenarios integrales de crecimiento rentable, reducci\u00f3n de emisiones y mejora de la sociedad. Revisar los planes de negocio de las empresas de la cartera en clave de Sostenibilidad. Habr\u00e1 m\u00e1s oportunidades que riesgos para los que lo hagan primero. Incorporar conocimiento experto y transversal, con ascendente sobre la estrategia de cartera y de las empresas. La ruta hacia las cero emisiones netas no podr\u00e1 completarse en 2050 sin la involucraci\u00f3n inversora y dinamizadora del Private Equity. Eso s\u00ed, no todas las firmas van a tener \u00e9xito en este nuevo escenario. La Sostenibilidad no espera.<\/p>","protected":false},"author":2,"featured_media":3910,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-medioambiente"],"_links":{"self":[{"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/posts\/3909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/comments?post=3909"}],"version-history":[{"count":12,"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/posts\/3909\/revisions"}],"predecessor-version":[{"id":4715,"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/posts\/3909\/revisions\/4715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/media\/3910"}],"wp:attachment":[{"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/media?parent=3909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/categories?post=3909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esggia.com\/en\/wp-json\/wp\/v2\/tags?post=3909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}