“Our ESG report, Taking the Long View, addresses our corporate ESG strategy and commitment to responsible investment practices across all asset classes, including private equity, infrastructure, private debt and real estate, and investment strategies including primary funds, secondaries and co-investments,” said
The ESG report contains within it StepStone’s DEI report addressing the firm’s DEI programs and progress. The firm’s TCFD report details the company’s climate-related initiatives and proactive steps toward improving climate-related performance.
Highlights of the reports include:
- Climate Commitment: StepStone is a carbon neutral company and is committed to maintaining its carbon neutral status.
- DEI Initiatives and Progress: StepStone is proud of the progress it made in 2021, with 37% of new hires being women, and 34% being ethnically or racially diverse. As of
January 2022 , female partners made up 19% of the partnership, an increase of 58% from 2019. Similarly, 15% of all partners were racially or ethnically diverse, growing 67% over this same period. Responsible Investment : ESG due diligence is integrated into all our investment processes. As a signatory of the United Nations Principles forResponsible Investment , a supporter of theTask Force for Climate-Related Financial Disclosures , and a member of theSustainability Accounting Standards Board Alliance , StepStone seeks to align its processes with these responsible investing frameworks. Further, StepStone has over$12 billion in allocations across its platform categorized as impact and thematic investments, with an additional$22 billion committed to diverse private equity managers.
“ESG, DEI and climate-related initiatives are playing an increasingly important role in decision making among private markets participants,” said
StepStone’s 2021 ESG report, TCFD report and DEI report are available on the Company’s Shareholder Relations website.
About StepStone
Contacts
Shareholder Relations:
shareholders@stepstonegroup.com
1-212-351-6106
Media:
StepStonePR@icrinc.com
1-203-682-8268
Source:
2022 GlobeNewswire, Inc., source