Private equity often gets a bad rap these days. But David M. Rubenstein, a co-founder and managing director of Carlyle Group, argues that private equity can help companies become more sustainable and socially responsible. And that, in turn, can help companies make even more money.
The private-equity giant recently teamed up with the Environmental Defense Fund and a consultant, Payne Firm, to incorporate environmental considerations in its due-diligence process. It's part of the firm's efforts to consider environmental, social and corporate-governance (ESG) principles in the way it invests.