OUR BUSINESS | DIGITALBRIDGE | PORTFOLIO | CITIZENSHIP | APPENDIX | DIGITALBRIDGE.COM 1919 Building Future-Focused Businesses ESG integration is an essential part of building businesses prepared to succeed. DigitalBridge’s ESG Expectations Working with our portfolio companies, DigitalBridge software. Topics should include employee sets high ESG expectations, shares best practices safety, diversity and inclusion, unconscious bias, and equips each company with tools, resources and climate change, discrimination, harassment and templates that help them accelerate their ESG initia- anti-bribery/Foreign Corrupt Practices Act (FCPA) tives. We have identified the following foundational Human Resources Audit: Companies should con- practices, which we believe provide the groundwork duct human resources compliance reviews and/or for a portfolio company to improve, and report on, its audits with outside resources to ensure compliance ESG performance over time: with all relevant regulations ESG Policy: Each company should develop an ESG Diversity and Inclusion: Companies should have policy tailored to its business a diversity and inclusion program with policies and ESG Board Reporting: Each quarterly board report procedures to ensure a diverse and inclusive work should include an ESG section environment ESG Responsibility: ESG management should be ESG Event Reporting: A process should be in place assigned to someone at the company (usually as to ensure that all material ESG issues are reported part of another role). Larger companies should have at the board level within 48 hours (examples include an ESG Committee or working group sexual harassment, an accident that causes the Whistleblower Hotline: Companies should have a death or serious injury of an employee or contractor, hotline for all stakeholders to report concerns and FCPA violations or similar, large network outages, call logs should be made available to their board cyberattacks, employment violations, product recalls, furloughs, regulatory investigations, or lawsuits) Training: Every company should have regular train- Corporate Citizenship: Each company should have ings that reach all employees. Ideally, some training a formal corporate citizenship/philanthropic program courses will utilize expert facilitators rather than only that has executive-level sponsorship and oversight Sharing Best Practices in Giving Back To accelerate implementation of these expectations, we identify and share best practices already in use by companies within our portfolio. For example, we are working with the Vertical Bridge corporate citizenship team to highlight its pro- gram as a template for our other portfolio companies. Through the Vertical Bridge Charitable Network, U.S. employees generously contribute hands-on service and financial resources to the communities where they live and work. Since its inception in 2014, the Vertical Bridge Charitable Network has donated more than $6.4 million to nonprofits chosen by employees and provided more than 3,500 volunteer hours to help these organizations achieve their missions. The Vertical Bridge management team sees this as not only a way to support the communities in which the company operates but also as a valuable tool for employee engagement and retention.
ESG Report | DigitalBridge Flipbook Page 20 Page 22