CODI endeavors to be a leader in responsible investment and management practices, which we believe will enable our middle-market business partners to leave a sustainable legacy for future generations.
We are pleased to release our 2023 Sustainability Report, which provides insight into how we manage sustainability and ESG both at Compass Diversified and at our subsidiaries. We are committed to responsible investment in, and management of, our innovative and disruptive subsidiaries, empowering them to do business in a way that creates a lasting, positive impact for future generations. Our inaugural sustainability report outlines our ESG Framework, the actions we have taken and the resulting social and environmental benefits. This report underscores our belief that ESG is an ongoing commitment that aligns with our core values and creates strong financial returns for our stakeholders.
View our 2023 Sustainability Report
Our ESG framework is built on two key pillars supported by environmental and social focus areas and underpinned by sound governance. Developed through consultation with our investors, employees, and stakeholders, our framework uses a double materiality assessment and focuses on what is most important to our business, as well as where we can have the most impact.
We are always looking to the future, working to identify areas of new opportunity and sources of potential value—then seeking to execute on those opportunities by developing solutions that not only create long-term value for our stakeholders, but also take into account the planet that enables our way of life.
As we look to the future, we recognize the impact climate change has on our lives and the environment in ways both big and small. CODI strives to take action in whatever ways we can to help work towards a solution.
We aim to:
Measure Scope 1 (direct) and Scope 2 (indirect) emissions across our subsidiary companies, with the intent to create individual climate targets for each.
Implement globally recognized frameworks for best-practice disclosure and transparency.
Create an internal repository of resources and tools to support CODI and its subsidiaries in our environmental and climate efforts.
To measure GHG, waste and water across CODI and its subsidiaries.
The people we work with are critically important to accomplishing our future goals. Our efforts to focus on diversity of people and thought will introduce new perspectives, skills, and approaches to problem solving that will enhance our strategic and operating capabilities.
We aim to:
Create a sense of trust and belonging that enables us to play to each other’s strengths and areas of expertise.
Foster an environment where people of different backgrounds, skills, and opinions can have respectful, open, and productive conversations.
Develop recruiting and engagement programs that improve representation of gender and race within our leadership and teams.
Such as our annual employee survey, to understand gaps and opportunities.
By working with a recruitment agency to seek out diverse talent.
The formation at Ergobaby of a diversity, equity, and inclusion (DEI) committee plus a committee focused on culture, respectively, with inclusion as one of the guiding principles. These committees consider how best to nurture an inclusive and community-minded culture through events, celebrations, health and well-being, and supporting the environment.
People are the driving force behind our ability to innovate, create, collaborate, and implement our vision for the future. Our talented professionals enhance our culture and share our passion for facilitating long-term transformational change.
We aim to:
Attract a diverse selection of talented professionals to join an organization where they will want to stay and grow.
Empower our people to feel truly invested in the work that we’re doing and inspire them to keep pushing the boundaries.
Create an environment where employees are able to find a balance between their work and personal lives.
To provide clarity around career development.
With employees at the forefront, including a gym, on-staff chef, and open environment.
BOA has developed a leadership model specific to its business, and has rolled this out globally with a range of targeted and bespoke development programs to help employees at all levels to build leadership and life skills.
Our team is one of our greatest assets, so it comes naturally to invest in the well-being of our employees.* Our goal is to take a holistic approach to employee wellness, spearheaded by our CEO, who is passionate about supporting and enhancing our employees’ physical and mental well-being.
We aim to:
Center employee mental health by building well-being into employee-facing programming and normalizing conversations around the importance of mental health throughout our organizations.
Create access to health and well-being resources and provide employees the flexibility and support to thrive in the workplace.
Encourage volunteering and community involvement led by the passions and interests of our employees.
*All employees are employed by Compass Group Management LLC, our external Manager; Compass Diversified does not employ any personnel. References herein to “our” or the “Company’s” or “CODI’s” or similar terms related to employees refer to employees of our Manager.”
Including mental health awareness training, mindset training, and stretching classes.
Instituted an annual, company-wide Health and Well-being Month.
Added one well-being day in addition to yearly PTO and ongoing flexibility in work schedules to reduce stress.
5.11 has multiple health and wellness aimed programs such as Freedom from Smoking, a tobacco cessation program, and “Fit Friday” email reminders which provide guidance on physical, financial, and mental fitness.
At CODI, we value integrity, collaboration, and accountability. We put these values in action by building meaningful and transparent partnerships with people who share these values, are aligned with our goals, and can help amplify our efforts.
We endeavor to earn the trust of our stakeholders as premier stewards of capital by being disciplined in our approach. We pride ourselves on our transparency and accountability, and are pleased to engage with stakeholders about how we manage the most relevant sustainability issues for our business.
Our goal is for every Compass employee to contribute to and benefit from the success and value we create as an organization. As we bring our corporate vision to life we know that the driving force is our people. We are always seeking new ways to develop and strengthen the skills, instincts, abilities, processes, and resources that our employees need to adapt and thrive in a fast-changing world.
When thinking about attracting and retaining our talent it is critical to look at our internal capabilities when considering new roles. This approach emphasizes career growth and strengthens our culture. This year, approximately 25% of our open positions were filled by internal candidates, which highlights our dedication to our employees’ development and retention. By investing in our team’s education and skill building, we are fostering a dynamic and resilient workforce poised for success.
CODI is a business builder and we strive to be good stewards of the companies who chose to partner with us. As a provider of patient growth capital for leading middle-market businesses, sustainability is embedded into our culture and strategy. Our long-term approach, deep expertise, and commitment to stability are critical to ensuring we are an enduring and trusted partner to our subsidiary companies.
We want to bring together business and community, to problem solve and achieve our collective vision for a better future. By working together, our impact is amplified and we believe will have a stronger outcome for society.
“CODI’s long-term ownership model, operational capabilities, and focus on building better businesses enable us to be a responsible custodian of the companies we acquire, and we take that responsibility incredibly seriously. We recognize what is at stake and believe that actively considering ESG factors in our investment process and as we support and help position our subsidiaries for long-term success, is beneficial for all our stakeholders. ESG is and will continue to be a focus for us and we regularly evaluate ways to advance our processes, drive performance across our subsidiary businesses, and deliver sustainable value.”
By 2027, BOA will incorporate recycled or renewable materials into 100% of products. BOA also conducts regular surveys to ensure it is offering a world-class employee experience and a vibrant, inclusive, and diverse culture.
CODI has a history of engaging with the communities where our employees live and we remain committed to being a trusted partner in the communities where we operate.
Jul 10, 2023
Businesses can’t succeed in societies that fail; pressure for sustainability from society is outpacing corporate sustainability – this should be a driver of innovation and profitability, and businesses that have the right person leading the charge are starting to reap the benefits. H. Jackson Brown once said, “You either make dust or eat dust”, and I couldn’t agree more.
Learn more about CODI and its subsidiaries’ sustainability programs and initiatives.
CODI’s Head of ESG, Zoe Koskinas, recently shared her thoughts on the shifting landscape for #ESG leaders, and the need for a cohesive environmental, social and governance strategy focused on investors, business partners, employees and the community.
CODI applauds BOA®, a 2023 Denver Business Journal Diversity Equity & Inclusion Award winner, for its work embracing equality across all areas of diversity.
Our West Coast team and their families recently came together for a heartwarming volunteer day at the Orange County Rescue Mission’s ranch in Silverado Canyon.
CODI is thrilled to be recognized by Catalyst 2030, an organization that partners with corporations to achieve the 2030 Sustainable Development Goals outlined by the United Nations.
