BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced it has published its 2021 Environmental, Social and Governance (ESG) Report which outlines the Company’s approach to creating a positive global impact, driving sustainable growth and advancing its ESG initiatives across its portfolio companies1, as well as notable recent ESG achievements and commitments for 2022.
“At DigitalBridge, we are focused on raising the bar as we invest in value-add digital infrastructure opportunities,” said Marc Ganzi, CEO of DigitalBridge. “We are proud to have further evolved our responsible, sustainable approach to owning and managing our portfolio companies over the past year. Moreover, the successful implementation of our company-wide ESG initiatives and commitment to reaching net zero by 2030 have set higher standards for us all.”
As outlined in the report, “Raising the Bar,” highlights of DigitalBridge’s ESG achievements include:
Environmental – Taking action on climate change:
- Established a commitment for portfolio companies of DigitalBridge to be net zero by 2030, building on the significant climate actions already achieved by several of DigitalBridge’s portfolio companies;
- Initiated calculation of greenhouse gas footprint at portfolio companies, expected to be completed in 2022; and
- Worked to ensure that all portfolio companies manage their environmental performance in a manner that seeks to conserve natural resources, reduce operating costs and adhere to all local regulations.
Social – Empowering people and sharing expertise to help communities thrive:
- Increased commitment to diversity, equity and inclusion (DEI) through the adoption of a formal DEI Policy;
- Signed on to the ILPA Diversity in Action initiative and the CEO Action for Diversity and Inclusion Pledge, both of which provide tools and resources for the sharing of DEI best practices, helping to raise the bar on DEI at DigitalBridge and across the asset management industry;
- Provided professional, third-party training to DigitalBridge employees on emerging ESG topics including unconscious bias, anti-oppressive communication and the impact of climate change on digital infrastructure across all levels of the organization; and
- Promoted the engagement of employees at many of DigitalBridge’s portfolio companies in activities to build stronger communities and help to create a brighter future by promoting diversity, innovation and technical excellence.
Governance – Implementing DigitalBridge’s ESG program and initiatives across portfolio companies:
- Rolled out new ESG expectations for portfolio companies, detailing specific goals for their stewardship of environmental issues, treatment of people, governance practices and ethical conduct;
- Refreshed and streamlined the DigitalBridge Board of Directors, moving from 12 to nine directors and adding four independent directors with substantial experience in the digital infrastructure, telecommunications and technology industries. These changes resulted in a more diverse and independent Board, comprising 30% women and 20% ethnic minorities, with an average tenure of 3.9 years2; and
- As of year-end 2021, 100% of DigitalBridge’s portfolio companies had formal leadership dedicated to ESG management and reporting.
DigitalBridge’s 2021 ESG report includes the relevant disclosures recommended by the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD).
DigitalBridge (NYSE: DBRG) is a leading global digital infrastructure investment firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $47 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, and Singapore. For more information visit www.digitalbridge.com.
Cautionary Statement Regarding Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, whether the Company will be able to achieve the initiatives described in the ESG Report, and other risks and uncertainties, including those detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, and its other reports filed from time to time with the U.S. Securities and Exchange Commission (“SEC”). All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. The Company cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this current report. The Company is under no duty to update any of these forward-looking statements after the date of this release, nor to conform prior statements to actual results or revised expectations, and the Company does not intend to do so.
“Portfolio companies” refers to companies in which DigitalBridge, and its affiliated equity funds and/or co-investment vehicles, hold 50% or more of the equity interest in the portfolio company. Excludes investments in DigitalBridge’s other investment vehicles, including digital credit and public equities.
Board of Directors statistics are as of Annual Meeting, May 4, 2022.