Insights

Accountability & Brown Spinning in Private Equity


As private equity firms buy up brown assets, what would be required to improve transparency and what would accountability look like? Our President and CEO Cyrus Taraporevala recently joined the World Economic Forum’s Sustainable Development Impact Summit to discuss this very important topic.

As a part of a panel called “Private Equity: The New Home for High-Emitting Assets?” Cyrus framed the discussion in terms of “brown spinning” — the practice of selling off the highest-emitting components of business to private equity at a discount. With the largest oil and gas companies projected to sell off high-emitting assets totaling $100 billion in 2021, the panelists discussed what might be done to not only boost transparency and accountability but to transform some of these commercially sustainable and ESQ-compatible assets.

Panelists include:

Host:
Lisa Abramowicz, Bloomberg TV
Manvinder Singh Banga, Director at GSK
Robert G. Eccles, Saïd Business School, Oxford University 
Cyrus Taraporevala, President & CEO State Street Global Advisors