PEPCDC assists its portfolio companies in achieving a two-fold return: that is, strong long-term financial success, as well as positive social, environmental and economic impact in the local community. We have found that by emphasizing both profitability and social impact to the community can be significantly beneficial to the fiscal bottom line both via direct benefits of cost savings and value creation, and via indirect benefits of creating goodwill with their market, customers and community, and enhancing employee morale and retention.
PEPCDC utilizes its staff, partners and resources to help its portfolio companies develop dual bottom line practices that are uniquely appropriate and effective for their business. We encourage companies to implement double bottom line programs at a pace and scope that follows each company’s financial objectives and stage of growth. Some examples of double bottom line practices:
Local hiring, particularly qualified residents of low and moderate income communities
Employee development, training for advancement, and continuing education
Employee education on topics including healthcare, childcare, profit sharing, home ownership,
financial literacy and personal finance management
Understanding and applying local and nearby liveable wage ordinances
Hosting educational sessions for the community on topics including healthcare, childcare, profit sharing, home ownership, financial literacy and personal finance management
Contracting with qualified local, women, and minority suppliers and contractors, in areas such as line-of business and/or building and property maintenance services
Pollution and waste reduction: encouraging carpooling and public transit, waste minimization, and recycling
Energy conservation and resource efficiency: “green” building design, construction and operation
Positive relations with the local community, including facilitating employee volunteering and charitable contribution, and working with local organizations and non-profits
Assisting local schools by participating in career days, tutoring, mentoring and internship programs
Maintaining positive relations with local, regional, state, and federal agencies in relation to regulatory compliance, permitting, and accessing resources and financial incentives
Encouraging employees to patronize businesses in the local community
Other programs specific to the company’s line of business and collective interest