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Buyout Giants Draw More Than 200 Investors to a Key ESG Effort

A contractor installs solar panels on a roof in San Jose, California.

A contractor installs solar panels on a roof in San Jose, California.

Photographer: David Paul Morris/Bloomberg

A year after California Public Employees’ Retirement System and Carlyle Group Inc. started an effort to collect sustainability data on private equity, 215 investors have joined as they seek to determine how it will shape returns moving forward.

Information has been collected from more than 2,000 companies owned across the investors’ portfolios. And while some areas of environmental, social and governance efforts have seen progress -- others have stalled.