Electricity generation is one of the largest sources of global greenhouse gas emissions, accounting for approximately 28% of U.S. emissions alone – almost two-thirds of our electricity comes from burning fossil fuels. As renewable energy costs continue to fall, regulations tighten, and the energy transition accelerates, however, there is a large and growing investment opportunity in building the renewable energy capacity required to power a lower-carbon US electricity grid. 
 
Learn about how our Carlyle Renewable and Sustainable Energy Platform helped establish Cardinal Renewables and:

• Develop and sell solar power generation assets across the US;
• Model out total potential carbon emissions abatement capacity of specific projects; and
• Open up distinctive opportunities to drive forward the energy transition

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We track ESG data so that we can make better investment decisions and build better, more sustainable businesses. Carlyle Europe Partners is in its fourth year of tracking material, bespoke ESG key performance indicators (KPIs) across its portfolio companies, which has led to even more use cases than we originally envisioned. One of those companies is Jeanologia, a Valencia, Spain-based portfolio company at the forefront of sustainable and eco-efficient technologies for manufacturing denim, which focuses on significantly reducing the amount of water and chemical usage in finishing processes.
Learn about how Carlyle Europe Partners collaborated with Jeanologia to:

• Track a series of material ESG KPIs that range from energy management to employee health and safety;
• Save roughly 10.7 million cubic meters of water; and
• Link funded debt directly to specific ESG criteria

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In early 2019, when our deal team was looking into an investment in Weiman, they saw a strong operation and a leader in all manner of specialty cleaning products for the home. Our ESG team identified the key growth area for the company: a more-intentional focus on sustainable and safe-to-use products, in response to evolving consumer demand. The investment team agreed, and put a sustainability expert with a background in chemical engineering on the Company's Board of Directors from the outset.

Learn about how our ESG team partnered with Weiman on:

• Getting product lines certified for their environmental attributes;
• Identifying and purchasing Bio-Kleen, a line of products that use enzymes to clean as opposed to harsh solvents; and
• Reducing the company’s manufacturing footprint

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Diversity is a central priority for many companies – however, businesses frequently struggle to find ways to expand their hiring pipeline, find more diverse candidates, and reduce unconscious bias in hiring decisions. HireVue’s core business model helps solve these challenges. 
 
Carlyle Partners VII partnered with HireVue, a tech company which provides virtual interviewing and assessment technologies to help companies find the most qualified and diverse candidates more quickly. The effectiveness of the technology is core to HireVue’s value proposition, which has several unique components:

• HireVue’s tech platform helps companies cast a wider net: instead of only sending recruiters to top tier universities for example, HireVue customers can screen video interviews from a wider array of potential applicants – their customers see up to 2x more candidates because they’re not limited by geography or scheduling issues
• HireVue creates a more consistent process: traditional screening practices, such as resume scans, are inconsistent. Structuring the interview process from the start brings consistency and fairness resulting in better, more inclusive hiring
• And finally, HireVue reduces unconscious bias: HireVue’s technology seeks to eliminate unreliable and inconsistent variables, such as which university or college was attended or grade-point average, neither of which has been proven to be predictive of job success

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