It should be clear by now that the ESG “trend” is, in fact, not a trend at all. Rather, the global business community’s embrace of ESG and sustainability marks a seismic cultural shift that will materially transform “business as usual” for decades to come. Performance on ESG factors is increasingly used together with traditional financial indicators as a core component in assessing the fundamental performance and value of portfolio investments. That is particularly true for the private equity industry. ESG & Impact co-chair Danielle Reyes explains more in Private Company Director.