Sustainable Value Creation

We recognize the importance that Sustainable Value Creation (SVC) parameters have in our investment process to support risk mitigation and value creation opportunities.

Our Three Pillars Of Sustainable Value Creation Are:

Corporate Governance And Ethics
Inclusive Growth And Social Responsibility
Resource Use And Environmental Impact

These pillars are anchored by our ESG policy; to achieve our objectives, we work in close partnership with our companies and a range of industry groups, nonprofit organizations and expert practitioners.

Signatories of:

Investment Process

SVC is embedded throughout the investment lifecycle. Incorporating a systematic approach to SVC from screening, through diligence, ownership and exit, provides the ability to mitigate SVC-related risks and identify value enhancement opportunities.

SVC priorities are customized for each business. We customize SVC priorities for each company depending on its business activities and stakeholders, while prioritizing areas most likely to have an impact on financial performance.

CEO alignment is critical. Centerbridge portfolio company CEOs endorse an SVC Commitment Statement, demonstrating their alignment in creating sustainable value for all stakeholders. As part of this Commitment Statement, CEOs agree to participate in Centerbridge’s annual SVC assessment to identify areas of risk or opportunity and track progress over time.

We partner with management to provide resources and support. Learnings from the SVC assessments are discussed with the company management and board of directors. In addition, they are utilized to design portfolio-wide SVC resources as well as conferences and webinars on SVC topics, where portfolio company leadership teams can share challenges and best practices.

Sustainable Value Creation Reports

Report

Issued June 2024

Centerbridge-sustainable-business-practices

Report

Issued June 2023

Report

Issued June 2022

Report

Issued November 2021

Privacy Policy

PRIVACY POLICY

At Centerbridge Partners, L.P. (“Centerbridge,” “our,” “us” or “we”), we recognize how important your privacy is to you, and we are committed in our efforts to keep your personal information secure. This Privacy Policy (“Policy”) sets forth our policies with respect to information you provide to us or that we otherwise receive and seeks to help you understand how we collect, use, and manage any information we collect about you when you visit any website owned by Centerbridge that links to this Policy (the “Site”) or when you otherwise interact with Centerbridge.

PLEASE READ THIS POLICY CAREFULLY BEFORE USING THE SITE. WE CAN UPDATE THIS POLICY AT ANY TIME. ANY CHANGES WILL BE EFFECTIVE ONCE POSTED HERE, AND THE UPDATED POLICY WOULD GOVERN ANY AND ALL USE BY YOU OF THIS SITE. IF YOU DO NOT ACCEPT THE TERMS AND CONDITIONS STATED IN THIS POLICY, DO NOT USE THE SITE.

If you are a California resident, please read our Privacy Notice for California Consumers below.

Information we collect.

When you visit this Site or otherwise interact with us, Centerbridge may collect three types of information about you: data you provide to us directly (e.g., where you access this website, contact us via email or other methods, or otherwise make information available electronically or through other means); data we collect about you from other sources; and data that may be provided to us from third-party sources. In addition, we may automatically collect information when you visit our Site. This information may include your Internet Protocol (IP) address, Internet Service Provider (ISP), domain name, browser type, date and time of your interaction with us and information provided by tracking technologies, such as cookies, JavaScript and other similar technologies (“Automatically Collected Information”). Tracking technologies help to collect session information, including page response times, download errors, length of visits to certain pages, page interaction information (e.g., scrolling, clicks, and mouse-overs), and methods used to browse away from the page. Users can control the use of cookies at the individual browser level. If you reject cookies, you may still use the Site, but your ability to use some features or areas of the Site, and our ability to provide you with services or resources based on the information we have collected, may be limited. Please see our Cookie Policy, here.

How we use the information we collect about you.

We may use information you give us for the following legitimate interests: to communicate with you, to respond to your inquiries and to provide you with any information you have requested, to provide for the administration of our business and to aid in recruitment efforts/process job applications. We may also use information for the following other lawful purposes: to fulfill our regulatory and/or legal obligations and to process information with your consent. We also may use Automatically Collected Information to better understand how our visitors use the Site, and analyze their demographics, interests and behavior, to improve the content of the Site, the user experience and to manage and further develop our business. Centerbridge will not sell or market Automatically Collected Information to non-affiliated third parties for their marketing purposes. However, we are not restricted or limited in our ability to disclose aggregated statistics about visitors to this Site, along with specific information concerning individual visitors of this website, provided that no specific individual can be identified by the information disclosed.

How we share the information we collect.

We may share your personal information with our affiliates for the management and administration of our business. We may also provide your personal data to third-party service providers such as accountants, auditors, lawyers or other outside professional advisors to Centerbridge (subject to binding contractual obligations of confidentiality), or as required to do so to comply with legal or regulatory obligations or for other legal reasons, including protection of our proprietary and other rights. Service providers who may come into contact with information covered by this Policy are expected to and, in certain cases, directed to safeguard such information and use such information solely for the provision of services to us.

How we safeguard and protect the information we collect.

We have implemented appropriate technical and organizational security measures designed to protect your personal information against accidental or unlawful destruction, loss, alteration, unauthorized disclosure, unauthorized access, or other unlawful or unauthorized forms of processing, in accordance with applicable law, including as it relates to transferring information to other countries for purposes as described above.

Data accuracy, minimization and retention.

We take all reasonable steps to ensure that the personal information we store reflects any updates you have provided, that your data is limited to that which is reasonably necessary in connection with the purposes set out in this Policy, and that your data is only processed for the limited period necessary for the purposes set out in this Policy and for our legal obligations for record retention.

Data transfer.

If you are located in the United Kingdom or European Economic Area (“EEA”), we may transfer the personal information we collect about you to our affiliates and other recipients in countries outside the United Kingdom or EEA (such as the United States). We have put in place appropriate safeguards with respect to such transfers.

Your rights.

You have a number of legal rights in relation to the personal data we hold about you, including the right of access to your personal data, the right to request the correction of inaccuracies, the right to request the deletion or restriction of processing of your personal data, the right to withdraw consent and the right to lodge a complaint with data protection authorities. Should you have any questions, comments or concerns about our privacy practices or your personal information, please contact legalnotices@centerbridge.com.

If you are located in the UK, you may also contact our representative in the UK: Centerbridge Partners Europe, LLP, 10 New Burlington Street, 2nd Floor, London W1S 3BE. If you are located in the EEA, you may also contact our representative in the EU: Centerbridge Partners
Luxembourg S.à r.l., 9 Allée Scheffer, 2520 Luxembourg.
Current and prospective investors should also reference the Centerbridge Client Privacy Notice for the Centerbridge Funds which Centerbridge separately makes available.

Q2 2021 Edition

Privacy Notice For California Consumers

Last updated: February 2024

Download privacy notice for California Consumers

This notice contains disclosures required by the California Consumer Privacy Act, as amended by the California Privacy Rights Act (“CPRA”). Terms defined in the CPRA have the same meaning when used in this notice. This notice is only relevant to California residents (“consumers” or “you”), and applies only to the collection or other use of “personal information” that is subject to the CPRA. Consumers with disabilities may request an alternative format of this notice by calling the number found at the bottom of this notice.

Information We Collect. In the past 12 months, we have collected and disclosed for a business purpose the following categories of personal information (“Personal Information”):

Category	Examples
Identifiers	A real name, alias, email address, postal address, Internet Protocol (IP) address, account name, Social Security number, driver’s license number, passport number, or other similar personal identifiers.
Other personal information categories, as listed in the California Customer Records Statute	A signature, physical characteristics or description, telephone number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information.
Protected classification characteristics under California or federal law	Age (40 years or older), race, color, national origin, religion, disability, sexual orientation, medical condition, ancestry, citizenship, marital status, sex/gender, or veteran or military status.
Commercial information	Records of your receipt and payment for services and of personal property.
Internet or other similar network activity	Information on your interaction with our website, social media accounts, or electronic communications we send to you.
Sensory data	Audio and visual Information, such as your voice and likeness as captured in photographs, video, or audio recordings for audio and video meetings, as well if you attend our events, visit our offices, or leave us a voicemail.
Professional or employment-related information	Current or past job history or performance evaluations.
Non-public education information	Records concerning your education maintained by or on behalf of an educational institution, such as transcripts.
Inferences drawn from other personal information	Profile reflecting a person’s preferences, abilities, and aptitudes.
Sensitive personal information	A consumer’s SS, driver’s license, state ID card, or passport number; account log-in or debit/credit card number in combination with any access code, password, or account credentials; precise geolocation; racial/ethnic origin, religious/philosophical beliefs, or union membership; contents of mail, email, and text messages; genetic data; biometric information; PHI; or sex life or sexual orientation.

Personal Information does not include information that is publicly available, de-identified/ aggregated, or subject to Health Insurance Portability and Accountability Act (HIPAA) or the Gramm-Leach Bliley Act (GLBA).

We collect Personal Information from the following categories of sources:

Your communications with us;
By observing your actions on our website;
Service providers, including, but not limited to: administrators, lenders, banks, brokers, auditors, law firms, consultants, placement agents, employment agencies, credit bureaus;
Affiliates not under the Centerbridge Partners brand;
Portfolio companies;
Nonprofit organizations; and
Government entities.

We do not knowingly sell or share with third parties (for cross-context behavioral advertising) Personal Information from anyone under the age of 16.

Purpose for Collection and Use of Personal Information. We may collect or use Personal Information for one or more of the following purposes:

Providing you with information about our products and services;
Providing you with performance and other updates;
One or more of the following business purposes:
- Performing services (for us or our service provider or contractor) such as account servicing, processing orders and payments, and analytics;
- Legal compliance;
- Detecting and protecting against security incidents, fraud, and illegal activity;
- Debugging;
- Internal research for technological improvement;
- Internal operations;
- Activities to maintain and improve our services; and
- Short-term, transient use, such that the Personal Information is not disclosed to another third party and is not used to build a profile about you.

Disclosing Personal Information. We may disclose Personal Information to:

Service providers, including but not limited to: administrators, lenders, banks, brokers, auditors, law firms, consultants, placement agents, employment agencies, credit bureaus;
Affiliates;
Business partners;
Legal or government regulatory authorities as required by applicable law;
In connection with a potential business transfer; and
Third parties to whom you or your agents authorize us to disclose such information in connection with services we provide to you.

In the past 12 months, we have not sold or shared (for cross-context behavioral advertising) Personal Information to third parties.

Length of Time. We will keep your Personal Information for as long as necessary to comply with our regulatory obligations.

Rights of California Consumers. The CPRA provides a California consumer the following rights, subject to certain exceptions and limitations:

The right to request: (a) the categories and specific pieces of Personal Information we collect about you; (b) the categories of sources from which we collect your Personal Information; (c) our business or commercial purposes for collecting, selling or sharing your Personal Information; (d) the categories of Personal Information disclosed for a business purpose or shared with third parties (for cross-context behavioral advertising) and the categories of persons to whom it was disclosed or shared; (e) the categories of your Personal Information (if any) that we have either sold, shared, or disclosed.
The right to request that we delete your Personal Information, subject to certain exceptions.
The right to opt out of our sale(s) (if any) of your Personal Information to third parties or sharing with such third parties for the purpose of cross-context behavioral advertising.
The right to request we correct any inaccurate Personal Information maintained about you.
The right to limit our use of your sensitive personal information to only use that is necessary to perform the services expected or provide the goods reasonably expected.
The right not to receive discriminatory treatment for exercising your CPRA rights.

You may submit requests relating to your exercise of CPRA rights to us via:

phone 212-672-5000

email legalnotices@centerbridge.com

You may only make a verifiable request for access or data portability twice within a 12-month period. All verifiable requests must provide (1) enough information that allows us to reasonably verify you are the person about whom we collected Personal Information or an authorized agent and (2) sufficient detail that allows us to properly evaluate and respond to it. We may need to request additional information from you to verify your identity or understand the scope of your request. If we are unable to verify your identity, we will need to deny your request. You may designate an authorized agent to make a CPRA request on your behalf and we reserve the right to seek proof that you have given the authorized agent signed permission to act on your behalf.

We endeavor to respond to a verifiable request within 45 days of its receipt. If we require more time, we will inform you of the reason and extension period in writing. We will deliver our written response by mail or electronically, at your option.

Questions

If you have questions regarding this Notice, please contact us at legalnotices@centerbridge.com.