Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Portfolio Construction > ESG

Invesco Spotlights Its ESG Efforts

X
Your article was successfully shared with the contacts you provided.

Shining a light on its corporate behavior, Invesco, one of the largest asset managers in the world, with $1.1 trillion in assets, provided an update on where the company has performed in environmental, social and governance aspects, especially during the pandemic, for which it contributed more than $1 million in relief and is matching employee donations given to COVID-19 related charities.

In a call-out to investors, the report looked at Invesco’s corporate citizenship, climate change behavior, ESG and diversity and inclusion advancements.

For example, within diversity, the company pledged to increase female representation in senior management to between 35% and 40% by 2022. By the end of 2019, that number was at 32%, it says. At the end of 2019, two of the company’s nine board members were women.

“Invesco has demonstrated a continued determination to be part of the solution to provide a better future, a better workplace and an investment experience that help people get more out of life,” according to Cathrine de Coninck-Lopez, global head of ESG for Invesco.

Other highlights the company pointed out were:

  • Reduction of 20% in natural gas and greenhouse gases from 2017 to 2019.
  • A 27% reduction in waste across the company compared to a 2017 baseline.
  • It received an A+ rating by the Principles for Responsible Investment for the company’s strategy in responsible investment and ESG investments in listed equities.
  • By 2023, the asset company plans to have ESG risks integrated across all its investment capabilities.
  • In 2019, 245 employees, or 3% of 8,514 took parental leave.
  • The company supported 117 charitable organizations.
  • Participating with other Wall Street groups, female executives from across the firm led workshops and acted as mentors to students at Stuyvesant High School in Lower Manhattan. According to Invesco, there has been a 68% increase in financial literacy among students, and 93% of students indicated they would pursue a major or minor in finance or economics.

— Related on ThinkAdvisor:


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.