Mergers & Acquisitions names the 2021 PE Innovators in ESG, including, Palladium Equity Partners.
Palladium Equity Partners LLC has a new role within the firm as head of sustainability/ESG. Eugenie Cesar-Fabian, also a partner at the firm, is leading Palladium’s ongoing initiatives. She is overseeing the New York-based PE firm’s responsibilities as a UNPRI signatory and a founding signatory of ILPA’s Diversity in Action Initiative.
“For us at Palladium, doing the right thing has been a core part of Palladium’s history, mission, and investment strategy since our inception in 1997,” said Cesar-Fabian. “We have shied away from investments that don’t fulfill our mandate of doing well and doing good for our stakeholders.”
At least 66 percent of Palladium’s portfolio companies create products or services that help narrow economic disparities that exist in the communities where those companies operate.
To help carry along this process, the firm has adapted a commonly known economic measure of inequality across countries, called the Gini coefficient, to its portfolio companies in order to ascertain income disparity within its labor force. Palladium calls the measure the PxF – Palladium X Factor. The firm aims to have a 20 percent year-over-year improvement, such as a decrease in income gap, to create returns for employees and the communities where its portfolio companies operate.