Our ESGApproach
Aligning our digital infrastructure
strategy with positive social and
environmental outcomes
ESG Overview
The demand for digital infrastructure is increasing, and Palistar aims to contribute to the responsible and sustainable growth of the infrastructure industry through its ESG strategy. Through this strategy, Palistar aims to mitigate risk, support investor interests, and drive positive impact at both Palistar and portfolio company levels. Our ESG program aligns with our investment focus and seeks to support our business growth as we look to expand into new verticals. Leveraging industry standards and best practices, our approach to ESG is based on our double materiality assessment results and on what should drive positive long- and short-term returns for our firm and our investors.
Our Focus Areas
Underpinned by the results of Palistar’s double materiality assessment completed in 2024, our ESG strategy aims to support resilient investment outcomes. These seek to serve the long-term interests of our investors, our employees, and the communities in which we live and work.*
To support the execution of these strategies, Palistar has developed the following ESG focus areas to drive impact and alignment across our firm and portfolio companies:
*There is no guarantee that Palistar will be able to successfully implement its investment strategy, including with respect to creating positive impact while enhancing long-term company value and achieving financial results for investors.
PILLAR 1:
Operate Sustainably and Ethically
Ensuring the safe and sustainable operations of our firm and our portfolio companies is critical to our long-term success. Palistar implements processes and policies to help ensure environmental and labor compliance. Our goal is to maximize the positive sustainability benefits inherent to digital infrastructure. We aim to do this aligning our ESG efforts with best practices as well as international standards and frameworks.
PILLAR 2:
Cultivate an Engaged and Inclusive Company Culture
A core element of Palistar’s culture is maintaining an inclusive work environment. We support our employees’ well-being by offering competitive medical, dental, vision, and mental health coverage and resources. We aim to foster collaboration and camaraderie through regular employee outings and volunteer opportunities. Our annual employee engagement survey helps guide our programming, working to meet the needs and expectations of our employees.
PILLAR 3:
Support Economic Empowerment and Digital Inclusion
Our unique investment focus seeks to support digital access in rural communities. Approximately 94% of Palistar’s assets are in rural or suburban areas1, which helps to promote digital inclusion. By coupling our investment strategy with volunteer programming, we help support the economic empowerment of people in underserved communities.
[1] Estimates based on December 2023 data. “Rural” is defined as an area with a population density of 0-596 people per square mile. “Suburban” is defined as an area with a population density of 596-7,911 people per square mile.
Our Inaugural ESG Report
This report summarizes Palistar’s approach to integrating environmental, social, and governance (ESG) considerations into our strategy and summarizes our ESG goals and progress from June 30, 2023, to June 30, 2024, unless otherwise stated. This report has been prepared with reference to leading ESG reporting frameworks—both in private equity, such as the Institutional Limited Partners Association (ILPA) and the ESG Data Convergence Initiative (EDCI), as well as beyond private equity. The Palistar team is monitoring ESG reporting developments and related regulations closely. In the years ahead, and as deemed necessary, Palistar intends to have our information assured in future reports.
At Palistar, we aim to invest in essential digital infrastructure assets that connect the future. Our investment strategy has proven resilient throughout economic cycles and, historically, infrastructure assets perform better… over the long term. We are confident that fostering business integrity and cultivating sound ESG practices helps us better align our firm, as well as our investment activities, with the broader interests of society.”
– OMAR JAFFREY
Founder and Managing Partner at Palistar
2023 ESG Highlights
At Palistar, we’re focused on investing in mission-critical infrastructure that connects the future. We apply this focused approach to our ESG strategy, prioritizing progress on ESG opportunities that serve our investment goals and contribute to sustainable operations. Below are highlights for the prior one-year period ending June 30, 2024, that demonstrate our ongoing commitment to ESG at Palistar and our portfolio companies.
