At Siris, we seek to invest responsibly and to incorporate the consideration of environmental, social, and governance (“ESG”) factors into the firm’s investment and portfolio company oversight processes.
Siris aims to achieve financial returns for its investors through the integration of both financial and operational expertise. In doing so, Siris seeks to understand the evolving risks and opportunities that affect its ability to achieve this goal. While Siris is not an impact investor, Siris believes that appropriate examination and management of ESG risk factors and opportunities can, depending on the circumstances, potentially influence investment considerations such as financing, company leadership, overall performance, and valuation.
Over the past couple of years, Siris has taken great strides to formalize our ESG and diversity, equity, and inclusion (DE&l) programs, support our local communities and begin baselining our progress across various ESG factors. While we have made progress, we believe incorporating ESG is a continuous journey, and we will seek to improve our ESG practices. We ultimately hope to have a positive impact on the communities we serve.
While Siris has historically been sensitive to ESG considerations, we have now formalized our ESG practices into our pre and post investment process. We believe the formal integration of ESG considerations into our work will improve our ability to assess risk, potentially enhance value creation and present an opportunity to make a positive impact on the communities Siris and our portfolio companies serve.
In November 2020, we established an ESG Committee comprised of senior leaders across the business who are committed to fostering ESG best practices in our operations, investments, and portfolio company oversight activities. Our ESG Committee is working in tandem with our investment and value creation teams to help us evaluate, prioritize and measure our ESG objectives.
Siris is committed to a workplace that values and promotes diversity, equity, inclusion and equal employment opportunities.
Siris’ approach to DE&I is rooted in our founders’ historical commitment to promoting diverse perspectives across our Firm. Our focus on DE&I is shared by our portfolio companies and we regularly engage with portfolio company management teams to help them maintain momentum on their DE&I journeys. To date, our team has formalized our commitment to DE&I by establishing a DE&I Council, publishing a DE&I policy and conducting baseline metrics collection to assist in our evolving journey to create a more inclusive work environment.
Corporate citizenship and community engagement are core to our organizational culture.
Siris supports and engages with various non-profits, community organizations and foundations to facilitate involvement in broader community initiatives which could include education, job training, arts and culture, and health. We have established programs to encourage all our employees to engage with organizations making a positive impact in their communities.
Support educational initiatives to gain financial security through enabling increased access to professional roles in finance and technology industries.
Enable underprivileged groups to gain financial security through enabling increased access to professional roles in finance and technology industries.
Engage with the community not only through financial support, but also through investment in time, networking, sponsorship, mentorship and social capital.