Unlike company owners (and their backing fund investors), lenders tend to have very limited influence over the (design, management and implementation of) ESG policies of portfolio companies. However, Fiona Hagdrup, leveraged loans fund manager, finds there are certain advantages afforded by both being private-side and by appropriate use of the necessarily iterative relationship between lender and borrower.
In this Investment insight, Fiona explains more about our approach to ESG in the European leveraged loan market and illustrate why we believe disclosure and governance are key to responsible lending.