Warburg Pincus LLC
Climate Impact & Sustainability Data (2019, 2020, 2023-07 to 2024-07, July 2022 to June 2023)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Corporate Governance
Environmental Achievements
- 1&1 Ionos reduced power consumption by 30% in its newest data center and by 10% overall through various Green IT initiatives.
- Monolith Materials developed a significantly cleaner process for producing carbon black and hydrogen, reducing CO2 and other emissions by 70% per ton.
- Antero Resources implemented initiatives to reduce methane emissions and Antero Midstream improved water management through a closed-loop system and wastewater treatment facility.
- Mosaic expanded solar adoption through loan financing, achieving approximately 30% market share in the US residential solar market.
- CleanMax Solar generated 750 GWh of solar electricity annually, abating CO2 emissions equivalent to removing nearly 720,000 passenger vehicles from the road.
Social Achievements
- Varo Money democratized financial access, saving customers tens of millions of dollars in banking fees.
- Lemon Tree Hotels and Sequoia Logística prioritized hiring persons with disabilities, with Sequoia hiring over 80 employees with disabilities in 2018.
- Rivigo improved road safety and working conditions for truck drivers in India through its relay model.
- GO-JEK improved livelihoods in Indonesia, contributing an estimated $3 billion in added value to the economy in 2018.
- Fusion Microfinance empowered women entrepreneurs in rural India by providing small-ticket loans.
Governance Achievements
- CrowdStrike enhanced cybersecurity through its Falcon platform, processing and analyzing over 1 trillion events per week.
- Assent Compliance and Supplier Assessment Services supported supply chain transparency through cloud-based software solutions.
- Kosmos Energy implemented transparent business practices, publishing all its contracts and project-level payments to foreign governments.
Climate Goals & Targets
Environmental Challenges
- Data centers and data transmission networks are emerging sources of energy demand.
- Traditional carbon black production methods result in heavy air pollution.
- Water use and emissions impacts of hydraulic fracturing operations.
- Access to banking services is a major issue facing many people in the United States.
- High unemployment rates for persons with disabilities.
- Difficult lifestyles and dangerous conditions for truck drivers in India.
- Opaque and complex supply chains.
- Poor natural resource governance in the extractives industry.
Mitigation Strategies
- Implementing Green IT practices (1&1 Ionos, Avaloq).
- Developing cleaner industrial materials production methods (Monolith Materials).
- Implementing water management systems and emissions recovery technologies (Antero Resources, Antero Midstream).
- Providing no-fee mobile banking services (Varo Money).
- Prioritizing hiring persons with disabilities (Lemon Tree Hotels, Sequoia Logística).
- Implementing a relay model to improve driver lifestyles and safety (Rivigo).
- Providing cloud-based software solutions for supply chain data management (Assent Compliance, Supplier Assessment Services).
- Promoting transparency and accountability in the oil and gas sector (Kosmos Energy).
Supply Chain Management
Responsible Procurement
- Green Purchasing Program utilizing preferred vendors with sustainable practices.
- Supply chain data management software solutions (Assent Compliance, Supplier Assessment Services).
Climate-Related Risks & Opportunities
Opportunities
- Green IT practices
- Renewable energy adoption
- Energy efficiency projects
Reporting Standards
Frameworks Used: UN Principles for Responsible Investment, UN Global Compact, American Investment Council’s Guidelines for Responsible Investment
UN Sustainable Development Goals
- SDG 3 (Good Health and Well-being)
- SDG 5 (Gender Equality)
- SDG 7 (Affordable and Clean Energy)
- SDG 8 (Decent Work and Economic Growth)
- SDG 10 (Reduced Inequalities)
- SDG 12 (Responsible Consumption and Production)
The report highlights several investments that contribute to these SDGs.
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental health and safety
- Climate change
- Diversity and inclusion
- Data privacy
- Cybersecurity
- Supply chain risk management
- Human rights
- Responsible procurement
- Corporate governance
- Social responsibility
- Community investment
- Employee well-being
Environmental Achievements
- Pregis developed the EcoGauge app to help customers measure the environmental impact of damaged products.
- CleanMax Solar generated 825 GWh of solar electricity annually, abating approximately 792,000 tons of CO2 emissions.
- Velvet Energy eliminated freshwater usage in hydraulic fracturing, reducing water demand by 73,800 truckloads.
Social Achievements
- Portfolio companies provided essential medical services, PPE, testing, and other support during the COVID-19 pandemic.
- Companies provided free parking for medical workers, free online courses for students, and rent reductions for tenants.
- Initiatives to support hiring of veterans and under-represented groups.
Governance Achievements
- BitSight provides cybersecurity risk assessment services to over 2,100 customers, including government agencies.
- Fortius offers a supply chain risk management platform to assess suppliers on various risk criteria.
- Updated ESG policy incorporating AIC Guidelines, UN Principles for Responsible Investment, and UN Global Compact.
Climate Goals & Targets
- Greater economic, gender, and racial inclusion.
- Develop climate governance tools and metrics considering TCFD recommendations.
- Explore new opportunities in the global transition to low-carbon energy.
- Expand support to portfolio companies on sustainability strategy, reporting, cybersecurity, and diversity initiatives.
Environmental Challenges
- COVID-19 pandemic highlighted economic and racial inequities and impacted business operations.
- Cybersecurity risks and data privacy concerns.
- Supply chain disruptions.
Mitigation Strategies
- Established a COVID-19 online resource portal and conducted expert briefings for employees and portfolio companies.
- Expanded cybersecurity program and partnered with cybersecurity companies.
- Developed resources and portfolio-wide ESG initiatives to assist portfolio companies.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Green Purchasing Program utilizing preferred vendors with sustainable practices.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Investments in renewable energy (CleanMax Solar).
Reporting Standards
Frameworks Used: AIC Guidelines for Responsible Investment, UN Principles for Responsible Investment, UN Global Compact, SASB
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Good Health and Well-being
- Affordable and Clean Energy
- Decent Work and Economic Growth
- Reduced Inequalities
- Responsible Consumption and Production
Several portfolio companies address these SDGs as part of their business models.
Sustainable Products & Innovation
- Pregis's Renew-branded recyclable and recycled content packaging.
- CleanMax Solar's solar power solutions.
Awards & Recognition
- CleanMax Solar won the Transformational Business Award 2018.
Reporting Period: 2023-07 to 2024-07
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity, Equity, & Inclusion
- Corporate Governance
- Responsible Investing
- Cybersecurity
Environmental Achievements
- Purchased Renewable Energy Credits (RECs) to match 100% of the electricity consumed in our U.S. office locations.
- Procure 100% renewable energy in European offices.
- Partnered with ClimeCo to construct a carbon credit portfolio that involves both industrial decarbonization and nature-based solutions.
Social Achievements
- Launched two additional employee networks, bringing the total to six.
- Donated to over 500 organizations in more than 20 countries.
- Employees held over 65 non-profit board seats.
Governance Achievements
- Formal ESG Committee made up of senior leaders.
- ESG Policy outlines firm-wide approach to integrating material sustainability topics.
- Rigorous Code of Ethics, Compliance Manual, and Personal Trading Policy.
Climate Goals & Targets
Environmental Challenges
- Increasingly complex business landscape
- Evolving regulatory requirements across the EU
- Rising sustainability expectations in regions like Vietnam
Mitigation Strategies
- Developed flexible engagement models tailored to regional, industry, and ownership nuances.
- Hosted webinars and onsite teach-ins for portfolio companies.
- Developed industry-focused engagement tools and tactical guides.
Supply Chain Management
Responsible Procurement
- ESG considerations integrated into due diligence process
Climate-Related Risks & Opportunities
Physical Risks
- Wind
- Flood
- Wildfires
- Heat
- Drought
- Cold
- Precipitation
- Hail
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Investments in renewable energy, decarbonization technologies, and carbon markets
Reporting Standards
Frameworks Used: TCFD, UNPRI
Third-party Assurance: Apex Companies LLC (2019-2021); WAP Sustainability Consulting (2022-2023)
Sustainable Products & Innovation
- Pregis' EverTec™ mailers
- Eco Material Technologies' sustainable cementitious materials
Awards & Recognition
- StorHub's ESG Initiative Award at the 2024 Self Storage Awards Asia Ceremony
Reporting Period: July 2022 to June 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity, Equity, and Inclusion
- Corporate Governance
- Supply Chain Management
- Cybersecurity
Environmental Achievements
- Scale Microgrids' projects estimated to reduce GHG emissions by almost 1 million MTCO2e.
- Princeton Digital Group targets PUE of 1.2-1.4 for new data centers and aims for 100% renewable energy by 2030.
- Geek+ robots saved 140,000 tons of carbon emissions and 16 million kWh in energy in 2022.
Social Achievements
- Alignment Healthcare reduced 30-day readmission rates by 26% and ER visits by 52% compared to 2019.
- GCash has over 81 million registered users, expanding financial inclusion in the Philippines.
- Expanded firm-level employee resource groups and engaged with portfolio companies on DE&I and supplier diversity.
Governance Achievements
- A-LIGN helps companies navigate cybersecurity and compliance, addressing increased demand for certifications.
- Quantexa's Decision Intelligence Platform empowers organizations with data-driven decision-making.
Climate Goals & Targets
Environmental Challenges
- Climate-related risks (physical and transition)
- Cybersecurity threats
- Data quality in ESG reporting
Mitigation Strategies
- Piloted scenario analysis for physical climate risks.
- Developed cybersecurity framework based on CIS standards.
- Facilitated teach-in sessions and one-on-one engagements to improve data quality.
Supply Chain Management
Responsible Procurement
- Supplier diversity program
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Investments in renewable energy and energy transition
Reporting Standards
Frameworks Used: TCFD, UNPRI, AIC Guidelines, IFRS Sustainability Alliance (formerly SASB Alliance), GHG Protocol
Third-party Assurance: Apex Companies LLC (2019-2021), WAP Sustainability Consulting (2022)