Pershing also said it was committed to identifying opportunities for the firm to engage with communities to promote equity, social justice and inclusion.
“We believe that good ESG practices are fundamentally aligned with running a successful business,” Ackman wrote in a March 2021 letter to investors in Pershing Square Holdings Ltd.
Strive’s other backers include Joe Lonsdale, co-founder of Palantir Technologies Inc., and Nicholas Green, who runs Thrive Market, a natural and organic goods seller that’s also registered as a company that seeks to balance profit and the purpose. Such B-Corp companies make legal commitments to be accountable to all stakeholders.
-With assistance from Silla Brush.
This article was provided by Bloomberg News.