Francis Byrd was talking on a panel at the RI New York conference 2019 on 'Debating ESG integration in private equity: risk mitigation or value creation?'
In the face of the climate crisis, an ever-growing global population and deteriorating infrastructure, what role should ESG play in the building/rebuilding of our world?
It is estimated that the construction and repair of new and older global infrastructure will require an estimated $15 trillion. In the U.S. alone, it is estimated that the amount needed is at least $4.5 trillion.
America’s financing challenge is deepened by the public sector’s over-leverage and the federal government policies that demonstrate an inability and/or unwillingness to assist states and localities seeking funding.
Banking institutions have also moved away from their previous role as long-term capital allocators seeking to avoid these types of investments, partly as a result of risk mitigation and regulatory r…