ESG stands for Environmental, Social and Governance.
Environmental topics include:
- supply chain
- water and energy management
- hazardous waste
- climate change impact
Social topics include:
- labor practices
- health and safety
- data privacy
- product responsibility
Governance topics include:
- enterprise risk management
- business ethics
- anti-competitive behavior
- Board oversight composition and compensation
- legal and regulatory matters
Why does it matter?
We believe that companies with strong ESG standards are often better managed, have fewer business risks, and ultimately deliver better value for their stakeholders. We also seek to leave the world better than we found it.
What is New State’s approach to ESG?
New State has formalized our commitment to responsible investing and has incorporated ESG as a part of due diligence, portfolio management, and value creation planning.
Carol Casazza Herman, Senior Advisor for ESG
Carol joined New State Capital Partners in 2021 as Senior Advisor, ESG. She brings more than 30 years of experience in risk management, compliance, and sustainability issues for public and private companies. Previously, Carol lead Sustainability Services/Life Sciences at Ernst & Young. She also served as VP, Global Environmental, Health and Safety/Assistant General Counsel for Pfizer Inc.
She has served on national, state and local not-for-profit boards including the Environmental Law Institute and New York League of Conservation Voters. Carol graduated from Rutgers, The State University of New Jersey – New Brunswick (BA, Biology/Systems Ecology) and Hofstra University school of law (JD).
We work to address and improve the ESG profile of a company through the states of our involvement.
- Pre-investment, assess the ESG profile of a company in which we seek to invest.
- Work with management and partners to identify certain potential areas for improvement.
- Post-investment, work with management and partners to operationalize priority improvements
- Throughout, provide transparency to investors and other constituents.
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