Vista Equity Partners Releases ESG and DE&I Report
AUSTIN, Texas—Vista Equity Partners, (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today announced the release of its ESG and DE&I Report: The Transformative Power of Technology. The report highlights Vista’s commitment to ESG and DE&I policies, as well as strategies and programs at both the firm and its private equity portfolio of companies that help generate meaningful investment results and create a positive impact for its investors, companies and communities. The report further demonstrates the firm’s belief that the transformative power of technology is key to a smarter economy, a healthier planet, more diverse and inclusive communities and a broader path to prosperity.
“As a leading global technology investor, Vista has a unique opportunity to use our size, scale and expertise to help solve today’s environmental and social challenges,” said Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners. “We consider the positive impact that Vista can cultivate with ESG and DE&I practices as central to our business strategy, and we believe that the prevalence of enterprise software enables our investment focus to have an outsized, positive impact on our world.”
Vista has integrated ESG and DE&I into the way the firm is managed with the goal of making better investment decisions and becoming a better corporate citizen. Earlier in the year, Vista entered an agreement with renewable energy accelerator Clearloop to help expand access to clean energy in the historically underserved and predominantly African American community in Jackson, Tennessee. The partnership marks the second consecutive year Vista has offset the firm’s greenhouse gas emissions. Additionally, in July, Vista became one of the first North American private equity firms to join the Net Zero Asset Managers Initiative.
In addition to providing an overview of Vista’s ESG and DE&I philosophies and implementation across the firm and its portfolio companies, the inaugural report shares Vista’s goals and accomplishments related to ESG and DE&I. Highlights include:
- Vista’s systematic approach to integrating ESG across the firm’s activities and throughout the private equity investment lifecycle.
- Vista’s first-ever, private equity portfolio-wide ESG Assessment conducted in January 2021 received a 100% response rate from its majority-owned private equity portfolio companies, reiterating the importance of these efforts to Vista’s businesses and their customers moving forward.
- Vista’s bespoke ESG framework that encompasses specific focus areas important to enterprise software companies, and notable portfolio company case studies highlighting their impact to customers and the communities they serve.
- Vista’s Conscious Inclusion program which was instituted over the past year at the firm level. With the goal of further inclusivity, the program educates employees and raises awareness on the presence of unconscious or implicit bias in the workplace and provides practical workshops to help change behaviors.
- Vista’s External Board Program, which has helped achieve greater diversity across its portfolio company boards – as of June 30, 2021, more than 69% have at least one woman member and more than 85% have at least one person of color.
To view the full report please click here. For more information about Vista’s ESG and DE&I strategy, please visit https://www.vistaequitypartners.com/esg/.
About Vista Equity Partners
Vista is a leading global investment firm with more than $81 billion in assets under management as of June 30, 2021. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit, and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.