StepStone Group Publishes 2023 Responsible Investment Report
26 April 2024 - 6:05AM
StepStone Group Inc. (Nasdaq: STEP), a global private markets
investment firm focused on providing customized investment
solutions and advisory and data services, has released its
2023 Responsible Investment Report, which presents an analysis of
StepStone’s Environmental, Social and Governance (ESG) integration
and stewardship activities, as well as an overview of the firm’s
Diversity, Equity & Inclusion (DEI) performance and
climate-related activities within its investments and operations.
“As the responsible investment landscape grows more complex –
stemming from the inherent intricacies of many ESG considerations,
such as responsible supply chains, climate change, and nature –
both GPs and LPs are paying more attention,” said Suzanne Tavill,
Partner and Global Head of Responsible Investment at StepStone. “We
appreciate the constructive support across the private markets
investment community as we find solutions, clarify best practices,
and seek efficiencies.”
Highlights of the report include:
- The Responsible Investment
Process: StepStone has designed a five-stage process that
applies across asset classes. This process forms the foundation of
the firm’s approach to systematically integrate ESG and stewardship
considerations into every stage of the investment journey, with the
ultimate aim of adding value and protecting the capital the firm
invests on behalf of its clients.
- Industry
Collaboration: StepStone works with peers and supports
industry-wide initiatives as part of its approach to promote and
clarify best practices. The firm has numerous affiliations
including with Principles for Responsible Investment (PRI), ESG
Data Convergence Initiative (EDCI), Initiative Climat International
(iCI), IFRS Foundation, Global Real Estate Sustainability Benchmark
(GRESB), Institutional Limited Partners Association (ILPA),
Ownership Works, and VentureESG.
- Climate: StepStone
addresses climate management across both its investments and
operations. The report outlines examples of risks and opportunities
that the firm seeks to integrate into its investment process and
summarizes how the firm has remained carbon neutral within its
operations for the fifth consecutive year.
- Human Capital:
StepStone invests in the growth of its employees and provides a
collegial, supportive, and intellectually stimulating environment
where everyone can thrive. The report underscores the importance of
talent attraction, development and retention, including the firm’s
commitment to DEI.
“StepStone’s responsible investment program underpins our
ability to deliver tailored investment solutions, advisory services
and data-driven insights to our clients,” said Scott Hart, Partner
and CEO at StepStone. “We hope that the information provided in
this report proves insightful.”
StepStone’s 2023 Responsible Investing Report is available on
its shareholder relations website.
About StepStone Group
StepStone Group Inc. (Nasdaq: STEP) is a global private markets
investment firm focused on providing customized investment
solutions and advisory, data and administrative services to its
clients. As of December 31, 2023, StepStone was responsible for
approximately $659 billion of total capital, including $149 billion
of assets under management. StepStone's clients include some of the
world's largest public and private defined benefit and defined
contribution pension funds, sovereign wealth funds and insurance
companies, as well as prominent endowments, foundations, family
offices and private wealth clients, which include high-net-worth
and mass affluent individuals. StepStone partners with its clients
to develop and build private markets portfolios designed to meet
their specific objectives across the private equity,
infrastructure, private debt and real estate asset classes.
Contacts
Shareholder Relations:Seth
Weissshareholders@stepstonegroup.com 1-212-351-6106
Media:Brian Ruby / Chris Gillick / Matt Lettiero,
ICRStepStonePR@icrinc.com1-203-682-8268
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