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Blackstone Overview

Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate.

Category

Private Equity

Continent

North America

HQ Location

New York, NY

BuildRI Category Rating

5/5

Responsible Investment Rating

4/5

Value Builder Rating

5/5

Stakeholder Rating

0/5

Key Value Builder Features1

  • Focused Digital Strategy
  • In-house Digital Expertise
  • Operational Improvement Strategy
  • Dedicated Operational Improvement Team

1. Key Value Builder Features are determined by the BuildRI research team based upon publicly-available information and input from 3rd parties, including the firm in certain circumstances.

Value Creation Examples

Great Wolf Resorts

Contributing Source: 2023 ESG Report

Great Wolf Resorts, known for its family-oriented entertainment resorts, has been an active participant in the Career Pathways pilot cohort, collaborating with community-based organizations across several of its lodges. This partnership focuses on identifying, upskilling, developing, and supporting talent from diverse and underrepresented communities. Since joining Career Pathways, Great Wolf has hired approximately 160 individuals from these communities into salaried positions, showcasing a diverse range of backgrounds and experiences. Moreover, more than 70 individuals from these groups have been promoted within the company. As part of its commitment to Career Pathways, Great Wolf has implemented various workplace initiatives, including appointing an inclusion and diversity program manager, launching a new Management Development Program that recruits from colleges and universities, including Historically Black Colleges and Universities (HBCUs). The company also conducts regular reviews of wages and salaries across frontline and managerial roles to ensure competitive compensation. Additional efforts include organizing events and activation plans aimed at fostering a culture of inclusion and belonging, as well as incorporating inclusion and development content on external platforms like LinkedIn and Glassdoor. These initiatives underscore Great Wolf's dedication to making hospitality an inclusive industry where individuals from diverse backgrounds can build fulfilling and enduring careers.

Vantage Airport Group

Contributing Source: 2023 ESG Report

Committed to sustainable practices, Vantage actively promotes local economic growth by fostering opportunities for businesses and workforces in the communities it serves. Since Blackstone Strategic Partners' investment in 2019, Vantage has taken a leading role in the development and operation of Terminal 6 at JFK International Airport. This cutting-edge terminal spans 1.2 million square feet with 10 gates and is slated to generate significant economic impact. With financial closure achieved in November 2022, the Terminal 6 project is anticipated to create over 4,000 jobs, including 1,800 in construction, and contribute $1.9 billion in direct wages to the economy.

Blackstone

Contributing Source: Blackstone Impact

In its New York offices, Blackstone implemented a series of energy-efficient initiatives, including the replacement of traditional lighting with energy-saving LED lighting. This upgrade alone resulted in an impressive 31% reduction in lighting energy usage. Additionally, the company introduced water-sourced HVAC heat pump systems, which help to decrease dependence on carbon-based fuels for heating purposes. By adopting these innovative technologies, Blackstone is demonstrating its commitment to sustainability and reducing its environmental footprint.

Notice: The information provided is for informational, non-commercial purposes only, does not constitute investment advice and is subject to conditions available in our Legal Disclaimer. Usage as a credit rating or as a benchmark is not permitted. Unless otherwise explicitly agreed in writing, usage for products and services, index creation, derivative work, portfolio or fund management, or any other usage are not permitted. By way of exception, usage is permitted only to the rated company, limited to a single reference of its own information in annual reporting and sustainability website, mentioning BW ESG Corp as a source. BW ESG Corp incorporates the use of publicly-disclosed information from Asset Managers in its publicly-available scoring platform.

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