At GIP, making a positive contribution to the communities in which we operate is fundamental to our business and companies with which we work.
GIP is committed to being best-in-class in ESG
Since our formation in 2006, ESG has always been at the core of GIP’s approach to investing in and operating its businesses in a safe and responsible manner. Respecting environmental, health, safety, labor, social, corporate governance and business integrity concerns is crucial to the delivery of strong returns to our investors. At GIP, we have a long-term practice of embracing ESG for the entire life cycle of an investment and integrating the ESG considerations into our investment process, from origination to exit. Climate change and social trends have intensified our focus and commitment. GIP’s ESG-dedicated team of professionals work hand in hand with the investment team as well as each portfolio company.
GIP is committed to meaningfully helping communities in which we live and work. We focus on several impactful initiatives supporting our communities, through strategic partnerships, charitable giving, team involvement, and support. Below are two examples of GIP’s giving programs:
One particular focus is through helping underprivileged high school students, especially female and minority students, discover the field of engineering, through Engineering Tomorrow, a GIP-founded, non-profit organization. Engineering Tomorrow introduces students to real world engineering projects taught by engineers and inventors that illustrate how the math and science they studied is applied to solve big problems such as renewable energy, water reuse, and health and disease control. Since 2014, the program has served 7,700 students. As a result of Engineering Tomorrow’s work, from 2017 to 2019 18% more high school seniors pursued engineering degrees, with even higher increases in the number of females (26%) and minority students (27%).
GIP also supports Student Sponsor Partners (SSP), a non-profit devoted to harnessing the power of quality education and mentorship to help low-income and academically average New York City youth. GIP and some of its employees have sponsored and mentored over 60 students through their high school years. GIP and its employees have collectively donated more than $1 million to provide young adults with the gift of education. GIP-sponsored students have gone on to attend colleges including Cornell, NYU, St. John’s, and Iona.