WCAS is focused on investing responsibly and for long-term sustainability.  To that end, WCAS adopted an Environmental, Social and Corporate Governance ("ESG") policy in December 2013.  During pre-acquisition due diligence and post-acquisition analysis, ESG opportunities and risks at portfolio companies are evaluated by WCAS Investment Professionals and Resources Group professionals.  WCAS identifies ESG initiatives, which are incorporated into a portfolio company's Value Maximization Plan.  As part of our ongoing portfolio company review process, WCAS assesses the progress of our portfolio companies in achieving their ESG initiatives.

 

Beginning in 2014, WCAS began collecting information from our portfolio companies regarding various ESG initiatives, including efforts focused on (i) energy and/or waste reduction, (ii) workplace safety programs and (iii) corporate governance policies and procedures to help us identify ESG opportunities in the portfolio.  WCAS also added the capability to track Minority or Women-Owned Business Enterprises ("MWBE") suppliers identified by our portfolio companies to our spend analytics tool.  This data collection allows WCAS to set a baseline to measure future performance and is instrumental in identifying ESG issues and opportunities for our portfolio companies.

 

WCAS is pleased with our ESG efforts to date,  and we will continue to focus on environmental, public health, safety, social and governance issues with the goal of improving performance and minimizing any adverse impact in these areas.

 

View the Firm's ESG Policy and Initiatives here.