RACER™: ESG Engineered

RACER™ is the innovative design, investment, operational philosophy, and set of standards relied on for all project development efforts guided by Fidelis leadership
Rational – economically rational
All-Inclusive – seek to reduce environmental impact upstream and downstream of our assets
Continuous – effort to reduce environmental and social impact continues beyond project delivery into the future
Environmental-Impact – encompassing scarce resources, water & air quality, and carbon footprint
Reduction – reduce our impact on the planet and future generations
The RACER™ framework is holistic and not limited to typical value engineering but captures ESG value that can be quantified in economic, social, and governance terms
Fidelis utilizes the RACER™ methodology and design process to screen and select highly attractive industries and projects
Fidelis then utilizes its proprietary RACER™ framework to optimize the synergistic assets by taking ESG and traditional economic project values into account through the development, delivery, and operations of assets
The RACER™ framework therefore enables Fidelis to capture ESG-related NPV utilizing project selection, scoping, and financial and project risk/reward optimization considering all factors of a project including Diversity, Equity, and Inclusion
In addition to RACER for traditional ESG factors, Fidelis has developed a complementary RACER framework specifically for Diversity, Equity, and Inclusion that aims to drive positive impacts for all stakeholders across the project lifecycle using a data-driven and holistic approach beyond traditionally promoted indicators
Rational – taking the long-term benefits, rewards, and risks into account
All-Inclusive – considering impacts for all stakeholders and communities
Continuous – commitment to improvement and impact continues beyond project delivery into the future
Equitable – to assist equality in the provision of effective opportunity to all groups
Ramp – create an uplifting path for disadvantaged individuals, communities, and businesses