The private equity backlash against ESG

(Financial Times) Call it Newton’s law of corporate ownership. As listed companies come under increasing investor pressure to act on everything from executive pay to carbon emissions, a reaction against those constraints seems to be fuelling a spate of buyouts by private equity firms. The first half of 2021 was a boom period for the sector with $500bn-plus of deals, the highest level since records began four decades ago.

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