Diversity, Equity & Inclusion
Our Diversity, Equity & Inclusion (DEI) efforts center around our most important asset: our people. We are committed to attracting, developing, and advancing a diverse workforce that represents a spectrum of backgrounds, identities and experiences.
Our Approach
Diversity, Equity and Inclusion is critically important to our culture and makes our firm, companies and communities stronger. Blackstone takes a holistic approach to promote DEI within our firm and across our portfolio in order to deliver for our stakeholders. Our DEI approach centers on four pillars: recruiting, talent development, community and inclusion, and accountability.
Recruiting
Diverse teams are more innovative and yield better outcomes. Attracting diverse talent requires expanding our talent pipelines and broadening our reach to candidates of all backgrounds, identities, experiences and skill sets. Our Future Women Leaders and Diverse Leaders Programs are examples of our commitment to creating new talent pipelines and building the next generation of leaders.
Talent Development
We’re committed to strengthening the pipeline of diverse talent at all levels of the firm. Principles of equity and inclusion are embedded into our talent development programming and processes to ensure that all our employees can do great work, be recognized for their achievements, advance, and be rewarded accordingly. Our Affinity Networks, Early Careers Program, and BX Learning Curriculum are just a few examples of forums where our employees are invited to learn more about topics like inclusive leadership, allyship, unconscious bias, and more.
Community and Inclusion
We’re committed to fostering an inclusive culture. That’s how we attract and retain talent, leverage the benefits of a diverse workforce, and drive innovation and business outcomes. Our affinity networks help support these efforts by raising cultural awareness through speaker series, networking events, service opportunities and mentoring relationships. Our networks operate in an integrated way, supporting each other’s goals and frequently co-hosting events, highlighting the intersectionality of our diverse communities.
Accountability
At Blackstone, building a diverse, equitable and inclusive workplace isn’t only the responsibility of senior managers or HR, it’s everyone’s responsibility. We invite firmwide participation in our high-value recruiting programs, encourage all leaders to model inclusive leadership and invite all employees to participate in our affinity networks as either members or allies.
Our Governance Model
An effective DEI strategy starts with top-down leadership. At the highest level, our strategy is led by Blackstone President Jon Gray, Global Head of Human Resources Paige Ross, and Global Head of DEI Devin Glenn. Driving a culture of inclusion is the responsibility of everyone at Blackstone and we actively engage employees through our affinity networks and inclusion councils.
“At its core, this is mission-driven work – it is an ongoing effort to connect historically underrepresented groups to opportunities where they can thrive and to create systems and processes that produce equitable outcomes for everyone.”
Global Head of Diversity, Equity & Inclusion
“We have long been committed to the value of increasing diversity, equity and inclusion at the firm. In recent years, we’ve expanded our recruiting pipeline, introduced new programs to increase engagement and retention of employees and set goals for more diverse portfolio company boards.”
Global Head of Human Resources
“Not only is increasing diversity the right thing to do – it also makes our firm, companies and communities stronger.”
President and Chief Operating Officer
Recruiting Programs
We are focused on building a pipeline of diverse talent for the next generation of leaders at Blackstone and throughout the financial services industry.
Blackstone Affinity Networks
Our Affinity Networks serve as a resource for members and allies. They foster belonging and community and play a critical role in supporting our efforts to recruit, retain and advance a diverse workforce. Core to our networks is the concept of allyship, the continuous practice of advancing a culture of inclusion through intentional, positive and conscious actions that promote equity and inclusion.
Diverse Professionals Network
Our Diverse Professionals Network (DPN) is a community of networks including a Black and African American Network, South Asian and Middle Eastern Network, Hispanic and Latino Network, and East Asian Network. The DPN provides a platform for employees to build relationships and advance the dialogue regarding the importance of racial and ethnic diversity for our business.
Women's Initiative
The Blackstone Women’s Initiative drives a multitude of programs across the firm focused on developing women, fostering connectivity across businesses, helping to encourage organic mentorship relationships and helping to shape our recruiting strategy.
OUT Blackstone
OUT Blackstone focuses on enhancing visibility of LGBTQ+ individuals both at Blackstone and in the community. The group helps raise awareness of how LGBTQ+ individuals are impacted socially and professionally and connect employees throughout the firm.
Veterans Network
The Veterans Network aims to cultivate a community of veterans and advocates who can add value and unique perspectives to Blackstone’s business and culture. As of July 2021, Blackstone has achieved its goal of over 100,000 veterans, veteran spouses and caregivers hired across its portfolio.
Working Families
The Working Families Network brings together parents, caregivers and anyone interested in having or starting a family while working at Blackstone. The network brings in speakers, provides resources, and fosters a community of families, while advocating for policies and services that continue to make Blackstone one of the great places to work for parents and caregivers.
Across Our Portfolio
Environmental, Social and Governance (ESG) efforts at Blackstone focus on creating value and making companies stronger and more resilient. Our DEI approach is a core component of these efforts, so we seek to actively partner with our portfolio companies and assets to advance DEI objectives.
Board Diversity Initiative
1/3 target for diverse representation on new controlled portfolio company boards in the US and Europe.
Blackstone Career Pathways ™
Our program aims to drive economic mobility for diverse and historically underrepresented talent by leveraging Blackstone’s unique scale to create employment, advancement, and development opportunities.
DEI in Action
Partnering with Bumble
Learn how Blackstone helped build Bumble’s majority-female board and realize founder Whitney Wolfe Herd’s vision of empowering women through technology.
Diversity in Our Portfolio
Firm leaders discuss our Board Diversity and Career Pathways initiatives, which aim to broaden the pool of talent represented at our portfolio companies – from the entry level to the boardroom.
Diverse Professionals Network
Members of the Diverse Professionals Network discuss the group’s important role as a sounding board for underrepresented individuals, and how this community contributes to Blackstone’s unique, team-centered culture.
Ray McGuire in Conversation with Blackstone’s Diverse Professionals Network
Raymond J. McGuire, former Vice Chairman of Citigroup, joined Blackstone’s Jack Pitts, Senior Managing Director & General Counsel of the Hedge Fund Solutions Group and Co-Chair of the Blackstone Diverse Professionals Network (DPN) Task Force, for a fireside chat on the role of the private sector in defeating systemic inequalities.
More Than Just a Job: Marcus Felder on Blackstone’s Career Pathways™ Program
Vice President in Portfolio Operations Marcus Felder shares how Blackstone’s Career Pathways program strengthens our portfolio companies by broadening the candidate pool, fostering economic mobility and creating opportunity for individuals from historically under-represented groups. Beyond helping our companies recruit talent, we also help them develop inclusive, equitable environments that promote employee retention and long-term success.
2021 ESG Update
ESG principles inform the way we run our firm, approach investing and partner with the assets in our portfolio. We take a highly coordinated approach, knitting these efforts together through a dedicated corporate ESG team that looks to apply our ESG policies, champion firm-wide initiatives, and regularly report progress to stakeholders.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy. Blackstone strictly prohibits retaliation against any individual who, in good faith, raises a concern, participates in any investigation of the concern, testifies or assists in a proceeding involving discrimination, or encourages another to report a potential violation of this policy.
Certain of the information contained on this page has been obtained from portfolio companies and/or sources outside Blackstone, and could prove to be incomplete or inaccurate and is current only as of any specific date(s) noted therein. Blackstone makes no representations as to the accuracy or completeness of such information and neither Blackstone nor any of its affiliates takes any responsibility for, and has not independently verified, any such information. Unless otherwise stated, references to ESG initiatives, priorities or practices at portfolio companies are not intended to indicate that Blackstone has materially contributed to such actions and such initiatives, priorities, or practices are subject to change, even materially, over time. Further, Blackstone’s provision of this information is not to be to construed as an offer to sell, or the solicitation of an offer to purchase, any security. This content is provided for informational purposes only and there is no guarantee that Blackstone will invest in similar opportunities in the future.
While Blackstone believes ESG factors can enhance long-term value, Blackstone does not pursue an ESG-based investment strategy or limit its investments to those that meet specific ESG criteria except with respect to products or strategies that are explicitly designated as doing so in their offering documents or other applicable governing documents. Such factors do not qualify Blackstone’s objectives to seek to maximize risk adjusted returns. A decision to invest should take into account the objectives and characteristics of the relevant fund as set out in more detail in the applicable offering documents. Further information can be found at www.blackstone.com/european-overview.