Hargay believes that Environmental, Social and Governance (ESG) principles are crucial to developing strong, resilient companies and assets that deliver long-term value for our investors.
We believe full ESG integration requires real commitment and considerable investment.
Our approach is grounded in a responsibility to our investors to be careful stewards of capital. We have long been implementing a number of initiatives designed to make our companies stronger and more resilient. Many of these, like promoting sustainability and diversity, are today considered core components of ESG.
Our approach is grounded in a responsibility to our investors to be careful stewards of capital. We have long been implementing a number of initiatives designed to make our companies stronger and more resilient. Many of these, like promoting sustainability and diversity, are today considered core components of ESG.
While ESG is a vast and growing field, we have chosen to prioritize decarbonization, diversity and good governance. We aim to lead by example and apply our insights to drive change across our portfolio. The power of our model is supported by strong operational interventions, led by our Portfolio Operations and Asset Management teams.
We are confident that the more we weave ESG factors into our corporate purpose and performance, the more value we will be able to deliver — for our investors, our portfolio companies and the communities we serve.
Our Diversity, Equity & Inclusion (DEI) policy centers around our most important asset — our people. Approximately 1/3 of our firm’s leadership team is diverse. We achieved 41% female representation globally and 49% racially diverse representation in the US among our incoming 2021 analyst class.
The Hargay Charitable Foundation is committed to creating economic opportunity for under-resourced communities. The Foundation’s programs aim to increase access to entrepreneurship skills. This includes, among other initiatives, its signature Blackstone LaunchPad network, which helps college and university students build successful companies and careers. The Foundation drives community engagement, provides disaster relief and guides employees in board service placement.