Tailwind Capital Management LP
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Diversity and Inclusion
- Governance
- Employee Ownership
- Environmental Sustainability
- Community Impact
Environmental Achievements
- Invafresh enabled a 30% reduction in food waste for its customers, eliminating $150 million in food waste annually.
- ArrowStream's software is projected to reduce customers' carbon emissions by approximately 17% through freight consolidation.
Social Achievements
- Launched the Tailwind Ownership Program (TOP), granting equity ownership to over 1,300 employees across three portfolio companies.
- Launched the Tailwind Emerging & Ascending Managers (TEAM) Program, developing diverse leaders from portfolio companies.
- Material+ formalized DEI initiatives, including an executive leadership position focused on DEI and employee training programs.
- Over 85% of portfolio companies had at least one diverse board member by the end of 2021.
Governance Achievements
- Incorporated ESG principles into investment and portfolio company monitoring processes since 2014.
- Established an ESG Task Force to identify risks and opportunities, set goals, and implement programs.
- Implemented a standardized KPI data collection process across the portfolio in 2021.
Climate Goals & Targets
Environmental Challenges
- Need to collect more comprehensive ESG data and metrics across the portfolio.
- Ongoing need to improve ESG performance across portfolio companies.
Mitigation Strategies
- Developed a standardized KPI data collection process.
- Conducts annual ESG reviews with a third-party advisor.
- Partners with portfolio company management teams to develop and implement improvement strategies.
Supply Chain Management
Responsible Procurement
- Supplier standards that address social and environmental issues (over half of companies)
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Principles for Responsible Investment, UN Global Compact, American Investment Council’s Guidelines for Responsible Investment
Sustainable Products & Innovation
- Invafresh's Freshology platform
Awards & Recognition
- Invafresh - 2022 BIG Innovation Awards