April 12, 2024

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Franklin Templeton Launches Company Social Accountability Report

4 min read

SAN MATEO, Calif.–(Business WIRE)–Franklin Templeton has introduced its Corporate Social Responsibility (CSR) Report in recognition of the firm’s extended-standing perception that becoming a accountable company citizen is very important to the long-phrase sustainability of its company, in addition to the nicely-staying of the communities in which its personnel reside and do the job. Franklin Templeton has set up certain targets for fiscal calendar year 2021 targeted on 3 locations: environmental, social and governance (ESG) investing the ecosystem and diversity and inclusion (D&I).

“The functions of the earlier calendar year, including the world-wide pandemic and ongoing racial and social injustices, have further more reinforced the value of worldwide citizenship both as a business enterprise vital and as component of our duty as business leaders,” explained Jenny Johnson, President and CEO. “At Franklin Templeton, we have embedded rules of company citizenship into our firm lifestyle and our investment decision strategy. While there is more work to be finished, we proceed to make significant strides to preserve these values at the main of what we do for our stockholders, shoppers, workers and communities.”

Franklin Templeton has founded plans and essential priorities for fiscal yr 2021 within just the subsequent concentrate areas:

  • ESG investing: In March 2021, the firm launched its Stewardship and Sustainability Council to guide the ongoing evolution of ESG infrastructure and very best methods. It also posted its Stewardship Report, which aspects its active ownership strategy, these kinds of as proxy voting and engagement routines.
  • D&I: The organization plans to publicly disclose gender and ethnicity illustration info as per the U.S. Division of Labor’s Employment Information Report, acknowledged as EEO-1. It also programs to devote in feminine and Black business owners and increase approaches to boost the attraction, recruitment and enhancement of underrepresented employees, which include a target on additional setting up inclusive management capabilities.
  • Ecosystem: As it carries on to perform to reduce its emissions, Franklin Templeton will expand its Scope 3 emissions reporting, established emissions targets and launch an Environmental Committee to progress existing green initiatives.

CSR Report Highlights

The report is organized about Franklin Templeton’s six proportions of CSR. In addition to ESG investing, the natural environment and D&I, this involves employee encounter community engagement and accountable corporate techniques.

“We are proud to go on to establish our CSR reporting as we develop in this crucial place, growing and adapting our corporate citizenship system and initiatives together the way,” reported Kristin Kosmides, Head of World wide Citizenship, who led Legg Mason’s CSR functionality from 2008 until finally its acquisition by Franklin Templeton in July 2020. “In addition to assisting us coalesce about our shared values, the signing up for of these two providers has allowed us to solidify our strategy and get the job done jointly to create an even stronger corporate citizenship framework.”

Highlights of Franklin Templeton’s CSR attempts consist of the following:

  • The agency is a signatory of the United Nations-supported Rules for Accountable Investment (PRI), a set of six investment ideas that give means to incorporate ESG troubles into investment decision follow. All its professional independent businesses – Brandywine World-wide, Clarion Companions, ClearBridge Investments, Martin Currie, Royce Financial investment Partners, and Western Asset Management – are PRI signatories in their very own right, as is Edinburgh Partners.
  • With the addition of Regina Curry, Franklin Templeton’s very first main range officer, who held that purpose with Legg Mason, the agency has recommitted to the CEO Action Pledge for Variety & Inclusion and joined Connecticut’s corporate phone to motion to address financial and racial disparities.
  • The organization is a signatory of the Job Pressure on Weather-Relevant Monetary Disclosures (TCFD) and an investor signatory and participant in the arduous Carbon Disclosure Task (CDP) per year.
  • Franklin Templeton’s CSR efforts are aligned with picked metrics from the Sustainability Accounting Benchmarks Board (SASB), and the report supplies disclosures to stockholders, buyers and other crucial stakeholders based on people picked metrics. SASB is an impartial nonprofit corporation that sets standards to guidebook businesses in the disclosure of fiscally material sustainability info. Franklin Templeton is delivering facts in accordance with specified expectations SASB has identified for the Asset Administration and Custody Functions segment of the Financials sector.

Franklin Templeton’s CSR Report is out there in this article.

About Franklin Templeton

Franklin Methods, Inc. [NYSE:BEN], is a world wide investment decision administration group with subsidiaries working as Franklin Templeton and serving shoppers in more than 165 international locations. Franklin Templeton’s mission is to enable purchasers accomplish far better results by means of expenditure management abilities, wealth management and technological innovation alternatives. Via its professional financial commitment professionals, the corporation delivers in depth capabilities in equity, fastened cash flow, multi-asset remedies and solutions. With offices in a lot more than 30 international locations and somewhere around 1,300 financial investment pros, the California-primarily based business has in excess of 70 a long time of financial commitment practical experience and close to $1.5 trillion in belongings under administration as of February 28, 2021. For much more data, make sure you pay a visit to franklintempleton.com and stick to us on LinkedIn, Twitter and Fb.

Copyright © 2021. Franklin Templeton. All legal rights reserved.

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