An Ongoing
Commitment
Investing in Our People and Practices for Sustainable Growth That Lasts
A Legacy For
Future Generations
At CODI, we are working to set a new standard for responsible investment and management. By backing our middle-market partners with purpose for the long term, we believe we’re helping build a legacy that’s as bold as it is sustainable.
Sustainability At Compass
Our 2023 Sustainability Report details how we manage sustainability and ESG at Compass Diversified and across our subsidiaries. We’re committed to empowering our innovative and disruptive brands to create meaningful, lasting change for a better tomorrow. This inaugural report lays out our ESG framework, highlighting our actions and the resulting social and environmental impacts. Working with our subsidiaries, we will continue to capitalize on emerging market trends and opportunities for growth.
Driving Impact: Our ESG
Framework Built to Lead and Transform
Our ESG framework is a collaborative effort, built on two solid pillars driven by environmental and social priorities, and underpinned by strong governance. Crafted with input from our investors, employees, and stakeholders, this framework helps us zero in on what matters most to our businesses and where we can make the most significant impact. Using a double-materiality assessment, we’re not just covering the basics—we’re targeting the areas where we can drive real change.
Future Thinking for Our People and Planet
We’re striving to shape a future that aligns with our values. We’re not here to chase trends—we’re here because it matters and makes good business sense. And, we’re always scouting for new opportunities and untapped value, then taking action to get results. For us, it’s about creating lasting value for our stakeholders and ensuring a secure and optimistic future, all while respecting our planet.
Climate Action
Reducing GHG and waste.
CODI is taking real steps to tackle the impacts of climate change head-on.
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.
Progress we have made so far:
- Developed consistent metrics to measure GHG, waste, and water across CODI and its subsidiaries.
- Supported subsidiary-specific investments and initiatives, including, without limitation:
- Marucci’s investment in new technology to capture and reuse wood waste at its Baton Rouge, LA facility,
- BOA’s reduction of its total plastic usage by 32.4% in fiscal year 2022,
- Sterno’s TRUE® Silver certification at its Texarkana manufacturing facility for its resource use and efficiency.
Committed to reducing the use of virgin plastic by 50% within 10 years
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.
Going greener with a commitment to reducing their overall carbon footprint.
Sterno Products was the first manufacturer to introduce an environmentally-preferred ethanol fuel blend and the first to receive UL Validation for Indoor Air Quality – Residential and Commercial.
Opened a new, state-of-the-art, LEED-certified facility in Manteca, California
The company has also invested in a sophisticated water reclamation system for screen printing, uses LED bulbs in its U.S. distribution center, and has adopted the American Apparel and Footwear Association’s Restricted Substance List.
Enhanced its commitment to providing eco-friendly, sustainable solutions.
Altor Solutions recently became the first industry player to introduce BioEPS, a high performance protective and thermal packaging solution that is 100% sustainable, recyclable, biodegradable, and reusable.
A Partner All Key Stakeholders Trust
At CODI, we value integrity, collaboration, and accountability. We hold ourselves accountable by building meaningful and transparent partnerships with people who share our values, are aligned with our goals, and help amplify our efforts.
Investors
As premier stewards of capital, we seek to earn the trust of our stakeholders with our disciplined approach. Our goal is to generate measurable social and environmental benefits that align with our values and create strong financial returns for our stakeholders. Our unique business model enables us to invest in people, processes, and growth opportunities that facilitate long-term transformational change for both our subsidiaries and the world in which they operate.
Employees
Our goal is to foster collaboration across the company. Every Compass employee plays a vital role in our success and shares in the value we create together. We empower our team to thrive in an ever-evolving world by enhancing their skills, refining processes, and providing robust resources. When attracting and retaining talent, we look at our internal capabilities when considering new roles. This approach emphasizes career growth and strengthens our culture. In 2024, approximately 25% of our open positions were filled by internal candidates, which highlights our dedication to employee development and retention. By investing in our team’s education and skill building, we are fostering a dynamic and resilient workforce poised for success.
Business Partners
We are dedicated stewards of the companies that choose to partner with us. We are business builders driven by a commitment to building businesses with purpose. Sustainability is deeply ingrained in both our culture and strategy. Through our long-term perspective and deep expertise, we cultivate trusted relationships that stand the test of time.
Community Partners
We bring together business and community to problem solve and achieve our collective vision for a better future. We believe that by working together, our impact is amplified by building stronger outcomes.
Community Partnerships
CODI has a history of engaging with and being a trusted partner in the communities in which we live and operate.
The Next Generation of ESG Leader
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.