Joe Sullivan
Legg Mason, one of the world’s largest funds management groups, has published its annual Corporate Social Responsibility Report, for fiscal year 2017 [1] .
This report reflects the combined effort and contribution of professionals within the firm and across the affiliate organizations.
“I am deeply proud of the CSR efforts that reinforce Legg Mason’s corporate mission, Investing to Improve Lives™,” said Joe Sullivan, Chairman and Chief Executive Officer of Legg Mason.
“Our commitment to social responsibility is broad, spanning investment management, business operations and our mission. We believe in ESG as a fundamental tenet of our active investment approach and our affiliates are committed to the integration of ESG factors into their respective investment processes. Each day we strive to improve the lives of our clients, financial stakeholders, employees and the communities in which we live and work. We look forward to further progress in the coming year.”
The majority of the metrics in the report focus on Legg Mason’s overall corporate performance, but, where appropriate, include activities and performance of the firm’s independent investment affiliates.
Notable highlights from fiscal year 2017 include:
- US$159 billion of total long-term assets under management[2] – roughly 25 percent – is invested in ESG products or strategies.
- Legg Mason Chairman and CEO, Joe Sullivan, signed the CEO Action for Diversity & Inclusion™ pledge along with over 300 CEOs. The goal of the initiative is to increase diversity in the workplace and foster inclusive professional environments as well as dialogue and engagement.
- JUST Capital and Forbes Magazine awarded Legg Mason “Most Just” company in Capital Markets for its 2016 Just 100 rankings.
- Named to Pensions & Investments’ list of “Best Places to Work in Asset Management,” joining affiliates Brandywine Global, ClearBridge Investments and Western Asset Management.
- Eight of nine independent investment affiliates are signatories of United Nations-supported Principles of Responsible Investing (PRI).
- ClearBridge Investments and Martin Currie each received an A+ Rating from PRI based on assessment of responsible investing activities for the calendar year 2016.
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[1] For the period April 1, 2016 – March 31, 2017
[2] As of March 31, 2017