Internal Initiatives
Decarbonization
FSN Capital participated in developing the guidelines for the private equity industry on how to set science-based targets in 2021. As part of this work, we were among the first six private equity firms worldwide to have our science-based targets validated. We are also committed to reaching Net Zero through the Net Zero Asset Managers (NZAM) Initiative.
FSN’s SBTi Targets:
- Reduce absolute direct emissions (Scope 1 and 2) by 60% in 2026, from a 2019 baseline
- Reduce absolute emissions from business travel and waste (Scope 3) by 29% by 2026, from a 2019 baseline
To meet our ambitious emissions targets we have developed a detailed decarbonization plan outlining how to reduce our corporate emissions. Applying the same Decarbonization Approach we use with our portfolio companies, we identified key initiatives, calculated their expected abatement potential and costs, and prioritized those with the greatest impact.
Winning Together
In 2023 we conducted “Winning Together,” a firmwide initiative to create a DE&I strategy that reflects our values and cultural DNA.
The full FSN Capital team was involved, across 10 crossfunctional working groups, covering topics including Talent & Recruitment, Parenting, and Unconscious Bias. Each group researched, collaborated, and built a recommendation for the firm. A steering group of internal and external stakeholders acted as sparring partners.
The initiative resulted in a vision and definition that are purpose-built for our firm, with buy-in across the organization.
Our DE&I vision
We want a workplace where the unique perspectives and qualities of our employees drive better collective decisions in generating outstanding returns for our investors.
Our DE&I definition
We believe in diversity of thought as the foundation for understanding risks and identifying opportunities others don’t. We are committed to embrace differences in genders, ethnicities and educational backgrounds.
We believe in a one-team meritocracy and mutual generosity where everyone has equal opportunities for success and career advancement. We are committed to understanding our biases and listening to every voice.
We believe in creating a sense of belonging and respecting the individual. We are committed to inclusive leadership and transparency on expectations to our employees.
Historical People Performance
At FSN Capital, we are committed to Diversity, Equity, and Inclusion within our organization, across our portfolio companies, and among our executive advisors. By championing a diverse array of voices and ensuring equitable opportunities for all, we strive to create an environment where every individual is respected, valued, and empowered to succeed. Since we started tracking Diversity, Equity, and Inclusion at FSN, the representation of women in the firm has increased, from 28% to 42%. 75% of portfolio company boards were diverse at year-end 2023.
Diversity & Inclusion Targets
Jesper Isaksen, Partner and Head of Talent, talks about Diversity at FSN Capital
Governance
At FSN Capital, our Ethos, Values and Code of Conduct is the foundation of how we conduct business.
We want all employees to clearly understand what is expected of them. Therefore, new employees are required to complete training on FSN Capital’s Code of Conduct. We also provide ongoing, ad-hoc training on governance, the Code of Conduct, and other policies to the full FSN team, Executive Advisors, and portfolio company board members.
As a control mechanism, FSN Capital has an electronic whistleblower channel where both FSN Capital employees and external stakeholders can report any concerns they may have in relation to our business conduct.