At NGP Capital, we view ESG as a practical framework for helping companies manage risk, scale responsibly, and build resilient businesses over the long-term. Each year, we survey our active portfolio companies to better understand where progress is being made. Our 2026 ESG report reflects insights from our annual portfolio survey.

“We’ve been especially encouraged by the growing engagement across our portfolio, with more companies actively integrating ESG into how they operate and scale."
— Bo Ilsoe, Managing Partner

This year saw our highest participation, with 81% of portfolio companies contributing responses and full participation across both Europe and China. The increased engagement reflects a broader shift across the portfolio: Overall, governance and risk management are increasingly becoming embedded into how companies operate and scale.

The report highlights growing momentum across environmental initiatives, continued focus on governance best practices, and one of the clearest emerging themes across the portfolio: responsible AI. Adoption of AI codes of conduct increased significantly year over year, alongside broader awareness around AI-related risks and unintended consequences.

The findings also reinforce areas where more progress is needed, including leadership representation and more systematic emissions tracking as companies mature.

We’re grateful to every portfolio company that participated in this year’s survey.

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Read the full 2026 ESG Report

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