At LCatterton, we believe that incorporating Environmental, Social, and Governance (”ESG”) considerations into our business is part of our obligation as investors and as global citizens.
Our ESG Approach
Since formalizing our ESG policy in 2015, we have continued to evolve our program to increasingly integrate ESG best practices into how we operate as a firm and partner with our portfolio companies. L Catterton is dedicated to considering ESG throughout our entire investment lifecycle including: sourcing, due diligence during our underwriting process, portfolio management during our hold periods, and our execution of exits.
Sourcing
Our "Vertical Process" – a systematic approach, based on research and consumer insights, to identify the trends and categories in which we invest– incorporates ESG principles to guide and inform decision-making and prioritization.
Due Diligence
Our ESG advisor, Malk Partners, performs a dedicated ESG due diligence review for all investment opportunities that reach the confirmatory diligence phase. Findings are summarized in a comprehensive ESG due diligence report.
Active Management & Monitoring
Post-investment, our investment professionals continue working with each portfolio company to promote and drive the highest standard of ESG practices.
Commitments
LCatterton proudly supports the UN's Principles for Responsible Investment (PRI). As a signatory, we are committed to integrating ESG factors into our investment decisions and core business strategy, underscoring our dedication to a helping create a more sustainable and equitable world for future generations.
Annual Impact Report
Click below to access our Annual Impact Reports for more detail on our efforts.
2022 Impact Report
2021 Impact Report
2020 Impact Report
Impact Within Our Portfolio
Environmental
At LCatterton, we believe that sustainability-focused companies can produce considerable value from executing environmentally conscious practices.
Carbon Offsetting Program
Since 2020, we have worked with Bluesource to offset greenhouse gas emissions from small parcel shipping through FedEx and UPS for our North American portfolio.
$150K
Value of Carbon Credits Acquired
16,334
tCO2e GHG emissions offset with Bluesource
22
Participating Portfolio Companies
Social
From championing workplace diversity to employee centered programming, we continue to encourage our companies to innovate on workplace initiatives supporting such enterprises as Ownership Works, the 2x Challenge, among others.
Governance
We strive to develop and maintain best-in-class cyber and compliance programs across both our portfolio companies and our own global operations.
Practices Across our Portfolio and Firm
100%
of our portfolio companies have undergone cybersecurity diligence since 2019
50 1
portfolio companies have a Chief Information Security Officer
100%
of our Firm completed Cybersecurity Training
1 Calculations based on 90 of 136 respondents; data typically self-reported
Impact Within Our Firm
Diversity and Inclusion
A focus on diversity and inclusion has been central to who we are since our founding more than 30 years ago. As individuals and as a team, we have worked to establish and implement a coordinated, global approach to attract, develop, and retain diverse talent. These efforts have resulted in a more diverse and talented firm, but we remain committed to constant and continuous improvement.
Our Mission Statement
Talent knows no bounds. We seek and celebrate all superior talent.
LCatterton’s mission is to be the world’s leading consumer growth investor. Core to this mission is our continued commitment to building a team of professionals and portfolio companies that promulgate our firm’s core cultural values. We use the unique backgrounds, experiences, and perspectives of our team to responsibly and successfully invest in consumer companies globally.
Select Diversity and Inclusion Highlights in Our Firm
LCatterton proudly submmited a letter, dated February 11, 2021, in support of Nasdaq's proposal to enhance board diversity disclosures and encourage the creation of more diverse boards through a market-led solution.
On August 6, 2021, the U.S. Securities and Exchange Commission ("SEC") approved this proposal.
We invite you to click here to learn more about the SEC's approval order.
LCatterton’s co-CEOs, Scott Dahnke and Michael Chu, were among the founding signatories in 2017.
LCatterton became an official signatory to this ILPA initiative in 2020 when the program was announced.
A Look Into Our Firm
In addition to our commitment to diversity and inclusion, we are committed to providing meaningful and rewarding jobs to our employees as well as to connecting and contributing to the local community.
We offer a generous benefits package to support our employees' personal and family obligations and their healthy lifestyles.
We offer a matching gift program to further promote employees’ philanthropic efforts up to $2,000 per employee per year. This program also applies when an employee chooses to donate more than 40 hours to any eligible charity.
We host periodic volunteer events in partnership with local organizations including Feeding Westchester and Habitat for Humanity through The Day of Giving—a day that takes place before Thanksgiving when all employees in the Americas LCatterton offices are encouraged to participate in one full day of volunteering.
We have partnered with Great Place to Work®, distributing the annual employee survey globally since 2018. In 2020, we were proud to again be certified as a "great place to work."
