Recognize Partners LP
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Diversity, Equity & Inclusion
- Responsible Investing
- Human Rights
- Employee Well-Being
- Anti-Corruption
- Long-term Value Creation
Environmental Achievements
- Only required travel is allowed across the global workforce at AST.
- Reduced plastic use at AST with branded water bottles and water refilling stations.
- Proper disposal of IT equipment at AST through eWorks.
- Paper shredding provided at AST head office.
Social Achievements
- AST partnered with Per Scholas to train 24 diverse individuals in Salesforce Administration, resulting in 10 hires.
- Recognize co-sponsored SureStart's Virtual AI Learning Program, engaging 50 diverse students.
- AST exceeded its diversity hiring goals for its entry-level consulting program, with 80% of hires being female and 80% from underrepresented minorities.
- Blend360 achieved high employee satisfaction scores on DEI questions (98% for sexual orientation, 97% for race, 95% for gender, 94% for age).
- Ciklum raised $560,000 for deploying educational and training complexes for tactical medicine in Ukraine.
Governance Achievements
- AST presented a Non-Financial Risk Assessment to the Board.
- AST completed a third-party ESG audit (Malk, 2021).
- AST installed a confidential, anonymous ethics reporting hotline.
- AST provided compliance and cybersecurity training.
- Blend360 established a DEI Council and launched a DEI Training Series.
- Blend360 implemented inclusive recruiting practices using diversity sourcing and language optimization tools.
Climate Goals & Targets
Environmental Challenges
- AST faced challenges in providing comprehensive Salesforce training due to limited time and resources.
- The need to improve diversity and inclusion within the firm and portfolio companies.
Mitigation Strategies
- AST partnered with Per Scholas to address training needs and improve diversity.
- Recognize adopted a Commitment to Responsible Investing and supports various partner initiatives to advance diversity in the industry.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: AIC Guidelines for Responsible Investing
Certifications: SOC 2 (Blend360), Great Places to Work (Blend360)