Carlyle Group Inc. is using data to turn the environmental, social and governance achievements of its portfolio companies into financial gains, according to an impact report the asset manager released on 22 June.
The firm last year helped portfolio company Jeanologia SL, a Spanish manufacturer of equipment for fabric and garment finishing, to secure a term loan with costs tied to water-saving targets. Interest rates on the loan decrease if Jeanologia meets those goals and go up if the company misses its targets by 15% or more, according to the report.