DigitalBridge Group, Inc. (NYSE: DBRG) yesterday announced it has published its 2021 Environmental, Social and Governance (ESG) Report which outlines the company’s approach to creating a positive global impact, driving sustainable growth and advancing its ESG initiatives across its portfolio companies, as well as notable recent ESG achievements and commitments for 2022.
“At DigitalBridge, we are focused on raising the bar as we invest in value-add digital infrastructure opportunities,” said Marc Ganzi, CEO of DigitalBridge. “We are proud to have further evolved our responsible, sustainable approach to owning and managing our portfolio companies over the past year. Moreover, the successful implementation of our company-wide ESG initiatives and commitment to reaching net zero by 2030 have set higher standards for us all.”
Highlights of the report include the following achievements by the company in 2021:
- Established a commitment for portfolio companies of DigitalBridge to be net zero by 2030
- Initiated calculation of greenhouse gas footprint at portfolio companies, expected to be completed in 2022
- Worked to ensure that all portfolio companies manage their environmental performance in a manner that seeks to conserve natural resources, reduce operating costs and adhere to all local regulations
- Social – Empowering people and sharing expertise to help communities thrive
- Increased commitment to diversity, equity and inclusion (DEI) through the adoption of a formal DEI Policy
- Signed on to the ILPA Diversity in Action initiative and the CEO Action for Diversity and Inclusion Pledge, both of which provide tools and resources for the sharing of DEI best practices, helping to raise the bar on DEI at DigitalBridge and across the asset management industry
- Provided professional, third-party training to DigitalBridge employees on emerging ESG topics including unconscious bias, anti-oppressive communication and the impact of climate change on digital infrastructure across all levels of the organization
- Promoted the engagement of employees at many of DigitalBridge’s portfolio companies in activities to build stronger communities and help to create a brighter future by promoting diversity, innovation and technical excellence.
- Governance – Implementing DigitalBridge’s ESG program and initiatives across portfolio companies
- Rolled out new ESG expectations for portfolio companies, detailing specific goals for their stewardship of environmental issues, treatment of people, governance practices and ethical conduct
- Refreshed and streamlined the DigitalBridge Board of Directors, moving from 12 to nine directors and adding four independent directors with substantial experience in the digital infrastructure, telecommunications and technology industries. The report stated these changes resulted in a more diverse and independent Board, comprising 30 percent women and 20 percent ethnic minorities, with an average tenure of 3.9 years.
The report includes the relevant disclosures recommended by the Sustainability Accounting Standards Board and the Task Force on Climate-related Financial Disclosures. To see the full report, click here.
Reader Interactions