Pierre-François Thaler, chief executive of EcoVadis, says Covid-19 has acted as an “accelerator” for the adoption of environmental, social and governance criteria. Because more people are now demanding sustainable investments, he added that private equity firms need to be extra careful on how they act during the crisis to prevent future reputational risks.
“People are paying more attention to how companies are treating their employees, especially if they are receiving subsidies from the government,” he says.
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EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.
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