WCAS adopted an ESG policy in 2013, which incorporates due diligence and portfolio monitoring.
Over time, WCAS has built its ESG program across the Firm and its portfolio companies.
Consider social, ethical and environmental issues affecting our portfolio companies both (i) during the diligence stage for target portfolio companies and (ii) as part of our ongoing collaboration with management of existing portfolio companies.
Grow and improve the companies in which we invest for long-term sustainability, including environmental, social and governance issues. To that end, we will work through appropriate governance structures (e.g. board of directors) with portfolio companies with respect to environmental, public health, safety and social issues, with the goal of improving performance and minimizing adverse impacts in these areas.
Be accessible to, and engage with, a range of stakeholders on key issues and challenges relating to the social, environmental and ethical issues addressed by this Policy.
Ensure that portfolio company managers are able to maintain appropriate levels of oversight in the areas of audit, risk management and potential conflicts of interest.
Report to our limited partners regarding the actions taken to address the environmental, social and ethical issues outlined in this Policy and foster transparency in portfolio companies regarding these matters.
Encourage portfolio companies to advance the principles outlined in this Policy in a manner consistent with their fiduciary duties to their stakeholders.