In the wake of recent macroeconomic changes including inflationary pressures, labor shortages and supply chain issues, in addition to obvious environmental stress due to climate change, private equity firms look to leverage their strengths in applying environmental, social and governance (“ESG”) principles to address these challenges. Private equity firms such as Palladium Equity Partners, one of the oldest such minority-owned firms in the United States, may be poised to benefit from a focus on diversity, equity and inclusion and by implementing ESG principles and enhancing ESG infrastructure.
Deborah Gallegos, Managing Director at Palladium states “In fact, 65% or more of our portfolio companies have a positive impact in the communities in which they serve”. As an example, TransForce a tech-enabled workforce solutions company owned by Palladium, has a significant impact on their community. In 2018, the company acquired a collection of training schools that included a “Troops Into Transportation” program which provides hands on training to help Veterans, a population that typically struggles to find employment. The program helps Veterans secure the relevant licenses and training to begin a career in the commercial trucking industry. Similarly, TransForce seeks to attract women to their ranks as they estimate only 6.6% of truck drivers in the United States are female, an untapped labor resource.
Palladium’s efforts go beyond any individual company. In 2021, Palladium launched the Palladium Excellence Factor or “PxF“, which is a calculation they developed based on the Gini Coefficient to measure the ratio of the highest paid workers to the lowest paid workers at each portfolio company. Palladium utilizes this calculation to measure and monitor their progress toward improving equity in areas they can control as a private equity sponsor. Palladium also focuses on equity and inclusion within the their own firm. “We are a very diverse company. Over 70% of our senior level managers are diverse or female. Over 74% of our entire employee base is diverse or female; however, we arrived at this place by hiring with intentionality. It's something that we set out to do through our recruiting practices and we've done this since the inception of the firm”.
The commitment to diversity, equity and inclusion is one that requires unanimous support to effect change. Deborah confirms that “doing well by doing good is imperative to tackling the ESG challenges we are currently facing”. ”By embodying this principle collaboratively, Palladium Equity Partners seeks to do business in a way that benefits all stakeholders”.
In the wake of recent macroeconomic changes including inflationary pressures, labor shortages and supply chain issues, in addition to obvious environmental stress due to climate change, private equity firms look to leverage their strengths in applying environmental, social and governance (“ESG”) principles to address these challenges. Private equity firms such as Palladium Equity Partners, one of the oldest such minority-owned firms in the United States, may be poised to benefit from a focus on diversity, equity and inclusion and by implementing ESG principles and enhancing ESG infrastructure.
Deborah Gallegos, Managing Director at Palladium states “In fact, 65% or more of our portfolio companies have a positive impact in the communities in which they serve”. As an example, TransForce a tech-enabled workforce solutions company owned by Palladium, has a significant impact on their community. In 2018, the company acquired a collection of training schools that included a “Troops Into Transportation” program which provides hands on training to help Veterans, a population that typically struggles to find employment. The program helps Veterans secure the relevant licenses and training to begin a career in the commercial trucking industry. Similarly, TransForce seeks to attract women to their ranks as they estimate only 6.6% of truck drivers in the United States are female, an untapped labor resource.
Palladium’s efforts go beyond any individual company. In 2021, Palladium launched the Palladium Excellence Factor or “PxF“, which is a calculation they developed based on the Gini Coefficient to measure the ratio of the highest paid workers to the lowest paid workers at each portfolio company. Palladium utilizes this calculation to measure and monitor their progress toward improving equity in areas they can control as a private equity sponsor. Palladium also focuses on equity and inclusion within the their own firm. “We are a very diverse company. Over 70% of our senior level managers are diverse or female. Over 74% of our entire employee base is diverse or female; however, we arrived at this place by hiring with intentionality. It's something that we set out to do through our recruiting practices and we've done this since the inception of the firm”.
The commitment to diversity, equity and inclusion is one that requires unanimous support to effect change. Deborah confirms that “doing well by doing good is imperative to tackling the ESG challenges we are currently facing”. ”By embodying this principle collaboratively, Palladium Equity Partners seeks to do business in a way that benefits all stakeholders”.
In the wake of recent macroeconomic changes including inflationary pressures, labor shortages and supply chain issues, in addition to obvious environmental stress due to climate change, private equity firms look to leverage their strengths in applying environmental, social and governance (“ESG”) principles to address these challenges. Private equity firms such as Palladium Equity Partners, one of the oldest such minority-owned firms in the United States, may be poised to benefit from a focus on diversity, equity and inclusion and by implementing ESG principles and enhancing ESG infrastructure.
Deborah Gallegos, Managing Director at Palladium states “In fact, 65% or more of our portfolio companies have a positive impact in the communities in which they serve”. As an example, TransForce a tech-enabled workforce solutions company owned by Palladium, has a significant impact on their community. In 2018, the company acquired a collection of training schools that included a “Troops Into Transportation” program which provides hands on training to help Veterans, a population that typically struggles to find employment. The program helps Veterans secure the relevant licenses and training to begin a career in the commercial trucking industry. Similarly, TransForce seeks to attract women to their ranks as they estimate only 6.6% of truck drivers in the United States are female, an untapped labor resource.
Palladium’s efforts go beyond any individual company. In 2021, Palladium launched the Palladium Excellence Factor or “PxF“, which is a calculation they developed based on the Gini Coefficient to measure the ratio of the highest paid workers to the lowest paid workers at each portfolio company. Palladium utilizes this calculation to measure and monitor their progress toward improving equity in areas they can control as a private equity sponsor. Palladium also focuses on equity and inclusion within the their own firm. “We are a very diverse company. Over 70% of our senior level managers are diverse or female. Over 74% of our entire employee base is diverse or female; however, we arrived at this place by hiring with intentionality. It's something that we set out to do through our recruiting practices and we've done this since the inception of the firm”.
The commitment to diversity, equity and inclusion is one that requires unanimous support to effect change. Deborah confirms that “doing well by doing good is imperative to tackling the ESG challenges we are currently facing”. ”By embodying this principle collaboratively, Palladium Equity Partners seeks to do business in a way that benefits all stakeholders”.
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