We work to protect and grow the savings of our investors and their families by partnering with management teams and employees to build excellent companies that make a positive impact on society.
By following our values, we can demonstrate that responsible ownership is excellent business practice that creates value for all stakeholders.
TowerBrook commits to providing, through the TowerBrook Foundation, USD 1 million of funding in total by the end of 2023. This funding will be provided to organizations committed to fighting against systemic racism, inequity, and injustice, where TowerBrook can partner in a meaningful way through our volunteer time and multi-year funding, with such funding to be split between the US and UK.
TowerBrook commits to sharing our Diversity and Inclusion expectations and values with our portfolio company board chairs, and ensuring that the boards of all our controlled portfolio companies acquired since 2021 have at least one diverse member.
From 2021, TowerBrook commits to surveying 100% of our controlled portfolio companies and using best efforts to survey 100% of our other investments annually on practices and metrics relating to people, planet, and partnership, and to reporting on our key findings publicly. TowerBrook commits to furthering industry collaboration through active participation in PE industry working groups focused around ESG best practices in the US and the UK.
By the end of 2021, TowerBrook commits to: (i) communicating with all our current vendors regarding our Responsible Ownership and Diversity and Inclusion expectations and values, (ii) developing and collecting metrics from our material vendors to measure the gender and non-gender diversity of ownership, leadership ,and team representation, and (iii) setting specific targets around procurement spend for diverse vendors.
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.