Building Stronger, More Sustainable Businesses
The global climate crisis requires both real commitment and trillions of dollars of investment. At Blackstone, sustainability efforts help us create stronger, more resilient companies and long-term value for our investors. We are also putting our capital to work by investing in businesses helping address the global climate crisis.
Reducing our Environmental Impact
Over the last 10 years, we have made significant investments in growing companies that support the global transition to clean energy. We believe that advancing sustainability initiatives across our portfolio and operations enhances long-term value.
Emissions Reduction Program
In January 2021, we announced our Emissions Reduction Program and started implementing a new goal of reducing Scope 1 and Scope 2 carbon emissions for new assets globally where we control the energy usage by 15% in aggregate over the first three years of ownership.
Expanding Solar Capacity
At NYC’s biggest residential community, we oversaw the installation of more than 9,600 solar panels, the largest private multifamily solar array in the U.S.
Making Our Offices Greener
Over the past decade, Blackstone has been learning how to drive carbon emissions reductions at scale to help make our portfolio companies more resilient.
Partnering with Companies to Build a Stronger, Greener Economy
Blackstone is driving value for its investors by partnering with companies in our portfolio that offer innovative solutions to climate change.
Desotec’s mission is to help protect the planet through innovative circular filtration solutions, enabling clean water, air and soil.
Legence is an Energy Transition Accelerator® that advises buildings and facilities on how to lower costs and increase performance by implementing renewable energy alternatives.
Sphera is a leading provider of Environmental, Social and Governance (ESG) software, data and consulting services.
By factoring ESG into our operations and investment process, we can help create value for our investors and the communities where we live and work.
More on Blackstone’s Commitment to ESG Principles
Advancing Diversity and Inclusion
We are committed to attracting talent from the broadest universe possible. A diverse and inclusive workforce makes us better investors and a better firm.
Supporting U.S. Veterans
Through the Veterans Hiring Initiative, more than 100,000 veterans, veteran spouses and caregivers have been hired across our portfolio companies since 2013.
Improving Access to Healthcare
Blackstone created Equity Healthcare to help our portfolio companies provide high-quality healthcare to their employees at lower cost.