ESG/Community

Overview

  • DPC has a strong commitment to ESG issues, both at our firm and our portfolio companies

Philanthropy

  • White/DPC Charitable Foundation: Foundation established to support organizations and communities in need
  • DPC Portfolio Involvement: DPC encourages each portfolio company to support at least one organization in their community
  • DPC Volunteerism: DPC offers three paid days per year to all DPC employees to allow for community service

White Family and White/DPC foundation support includes:

Inclusion Hiring

  • DPC: DPC hiring initiatives include (i) inclusion practices as part of our hiring process, (ii) quarterly data review of our inclusion hiring processes and success, and (iii) we are introducing linking inclusion hiring performance to MD year-end compensation
  • Portfolio Companies: DPC hiring initiatives at portfolio companies include (i) inclusion practices as part of our hiring process, (ii) quarterly data review by BOD of our inclusion hiring processes and success, and (iii) we are introducing a CEO performance review on inclusion hiring as part of their year end evaluation process
  • DPC Summer Internship: In 2021, DPC established a yearly summer internship program for students from racially diverse backgrounds

Environmental

  • Initial Due Diligence: We are introducing environmental impact diligence on new acquisitions
  • Impact: We are introducting a year-end environmental impact analysis as part of the year-end budget process
  • Investment Avoidance: We have avoided investing in certain industries, including firearms, tobacco, certain fossil fuels, etc.

Governance

  • Investor Transparency: In addition to our quarterly letters and yearly conference, we provide a mid-year outlook to all investors, invite investor participation at our CEO summit, and use a third-party administrator to produce our returns
  • Portfolio Senior Leadership Communication: We have periodic CEO/Chairperson conference calls to provide DPC updates and discuss pertinent topics. We also have periodic conference calls with our CHROs and CFOs to discuss current focus areas and challenges for each function across our portfolio
  • Portfolio Company Objectivity: We seek to engage outside board members (which in some instances may be a senior advisor) for our portfolio companies

There is no guarantee DPC will be able to successfully implement its ESG Policy or any strategy related to ESG or make investments in companies that create a positive ESG impact while achieving its investment strategy.