In our capacity as board members, especially when serving on the governance committee, In-Cap will advocate for 30% women to be appointed to the board by 2023.
In-Cap has focused on gender equality since its inception:
In-Cap covers full payment of all health insurance premium costs for employees and their families
In-Cap encourages portfolio companies to employ the best responsible natural resource practices. We will encourage our portfolio companies to operate in line with the Paris Agreement goal to limit global warming to 1.5 degrees Celsius and to operate under the Science-Based Targets initiative (“SBTi”) by 2023.
In-Cap encourages portfolio companies to employ the best responsible natural resource practices and specifically those in the biomass industry to have 100% of its product certified as sustainable by the Sustainable Biomass Program (SBP)
In 2021 In-Cap commits to launch a summer internship program for people from underrepresented and underserved communities of color with the number of interns equal to not less than 15% of its current workforce and aims to increase the number to 20% of its workforce in 2025. In 2021, In-Cap commits to creating a group of 4 regional investment firms that will launch diversity programs in line with the In-Cap program and aims to grow the group to 10 firms by 2025.
In-Cap will engage on racial and ethnic diversity and inclusion policies at its portfolio companies and by 2022, in our capacity as board members, especially when serving on the governance committee, In-Cap will advocate for plans to extend racial and ethnic diversity at the board and management levels and specifically to have at least 10% of all board seats of such portfolio companies to be held by racial or ethnic minorities.
Meditation and mindfulness training available in 2020; by 2021 In-Cap will provide facilities for meditation and nursing mothers at its headquarters.
In-Cap will strive to be carbon neutral by offsetting carbon dioxide emissions from all employee business travel which it has done since inception.
15% of In-Cap’s public portfolio companies are supporters of the Task Force on Climate-Related Financial Disclosures (TCFD); we commit to promote adoption and implementation of TCFD principles and reporting with 100% of our energy and natural resource-intensive portfolio companies by 2021
In-Cap will seek to join boards and identify selected environmental metrics most material to each natural resource-intensive company in its portfolio and encourages internal decision making, targets, corporate reporting and executive compensation aligned with these metrics by 2023.
In-Cap encourages each education-related portfolio company to reduce its dependence on federal student debt funding, increase the employer-sponsored education benefit offering and link executive compensation with achievement of these metrics by 2021.
In 2020, In-Cap will focus its philanthropic giving and at least one partner to supporting the Coalition and the Council for Inclusive Capitalism operations that enhance industry and government action toward more Inclusive Capitalism and commits to continue until 2025.
100% of In-Cap’s investments are undertaken only after rigorous analysis, engagement and determination that the management and board of such company is committed to creating social and environmental impact.
In-Cap commits to promote ESG standards and reporting, by using the Sustainability Accounting Standards Board (SASB) or the most widely adopted ESG reporting regime at 100% of its portfolio companies by 2023.
Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.