Blackstone Group

Blackstone Group acknowledges that its financing activities have both positive and negative impacts.

Blackstone Group discloses that Blackstone Credit has committed over USD 8 billion in renewables and climate change solutions.

Blackstone Group has a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption. The financial institution discloses a public commitment to protect personal data.

While the financial institution’s board of directors supports the implementation of sustainability, it is not clear that the end responsibility for sustainability lies with this body. There is no evidence that Blackstone Group links the remuneration of its executive or management teams to sustainability performance criteria. No evidence was found that the financial institution commits to gender equality and women’s empowerment. It has an opportunity to disclose how it is addressing the gender pay gap as well as the representation of women in senior leadership roles. Women are underrepresented on the board of directors where only three out of nine board members are women. Although the financial institution mentions engagement in its loan financing interim report, there is no evidence that its engagement policy includes sustainability themes or impact topics.

While Blackstone Group discloses an emissions reduction programme, there is no evidence that it discloses a target to reach net-zero financed emissions by 2050. The financial institution has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. The financial institution could align its financing of climate solutions with internationally recognised frameworks. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.

There is no evidence that Blackstone Group has a publicly available policy statement committing it to respect human rights. The financial institution has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. The financial institution has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. Blackstone Group could disclose the amount of finance directed towards low-income developing countries.