When Blackstone’s founders established the firm in 1985, their vision was to create an institution that would have a positive, lasting impact on the global economy. They believed that how they went about achieving attractive returns for their investors was as important as the returns themselves. They also recognized that safeguarding the assets in the firm’s care was a trust that had to be earned every day. And they have encouraged the entire organization to become a positive force in the community through employee volunteer efforts and, more recently, The Blackstone Charitable Foundation.
A commitment to corporate social responsibility is imbedded in every investment decision Blackstone makes. We conduct our business according to global Guidelines for Responsible Investment. The firm performs a rigorous analysis of the relevant environmental, public health, safety and social issues and continues to monitor those issues during its period of engagement.
Fostering growth and creating enterprises of enduring value is a vital part of Blackstone’s citizenship commitment. We have helped to make scores of companies stronger and more competitive, enhancing their promise and potential and bolstering the communities in which their employees live and work. Our investment groups provide financial and intellectual capital to businesses that collectively employ nearly one million people. We believe in cultivating entrepreneurial ideas and a substantial portion of our growth equity goes to start-ups – creating new companies and new jobs.
Today, as at Blackstone’s inception, our commitment to operate with the utmost integrity and publicly minded spirit remains a central element of the firm’s culture.