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Make Every Decision Positive
Environmental, Social and Governance (ESG) is not an afterthought at Hastings. It’s a guiding principle to our consideration. Our goal is to have every investment, strategic and operational decision we make throughout the investment lifecycle contribute positively to all stakeholders, including employees, shareholders, the environment and society at large.
Investing in Humanity
We are believers that companies participating in ESG initiatives generate higher returns. Hastings is committed to leveraging our financial and operational resources in support of ESG to generate positive shareholder value. If an investment fails to meet our ESG criteria in due diligence, we first examine if it is possible to make sufficient changes within the organization. If this is not the case, then we will forego the investment.
Committed to High Standards
We employ a comprehensive framework to assess and track core ESG categories, looking at employee and wages, health and safety, local and community impact, governance, business ethics and environmental criteria. These considerations are rated on a scale from 1–5 and tracked as part of our continued management and accountability assessments for each of our portfolio companies during the evaluation period and throughout the life of an investment.
Reaching for Environmental Awareness
The environment is not something outside of us. It exists even within our smallest communities, and affects each individual on an intimate level. Our awareness of environmental concerns—from carbon impact to total regulatory compliance—brings us to insist on a commitment to environmental responsibility for all operations.
Active Engagement and Participation
Hastings is intent on understanding more than what “we” think is important. We consider the concerns of a broad set of stakeholders on ESG and HSE issues by actively engaging to ensure our perspectives are both relevant and representative. With each investment, we drive active participation from management through incentive stock ownership plans and representation on the board of directors.