BrightSphere Investment Group
BrightSphere is an asset management holding company to its one operating subsidiary, Acadian Asset Management. The financial institution is headquartered in Boston, Massachusetts. Through Acadian, BrightSphere offers institutional investors across the globe access to a wide array of leading quantitative and solutions-based strategies designed to meet a range of risk and return objectives. During the assessed period, the reported number of employees was 387 and assets under management corresponding to USD 103.7 billion were reported.
- Ranking position
- #314 /400
- Total score
- 2.7 /100
Industry | |
---|---|
Asset managers | #56 |
Traditional asset managers | #47 |
Leading practices
The financial institution specifies that it does not make political contributions.
Risks and opportunities
The institution has a publicly available policy statement committing to respect specific workers’ rights but could reference all ILO fundamental rights at work. It has the opportunity to disclose how it determines a living wage in its operational regions and to publish a policy statement prohibiting bribery and corruption. Including anti-bribery and anti-corruption clauses in contracts with business partners is also recommended. Linking senior executive remuneration performance criteria to sustainability targets and monitoring scope 3 categories by category is advised. Transparency in the methodology for footprint calculation and establishing a transition plan for operations, supply chain, and portfolio is recommended, along with disclosing scope 1-3 emissions reductions in line with interim targets.
Furthermore, a breakdown of clients and/or beneficiaries by income group should be provided. While the risk assessment process includes some ILO fundamental rights, it could cover the full set and disclose a process for mitigating identified risks. Additionally, identifying social risks related to the net zero transition is recommended. The institution should provide an example of conclusions and actions taken regarding at least one salient human rights issue from its assessment processes in the last three years.
Disclaimer
This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.
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More about the company
- Headquarters
- United States
- Ownership structure
- Publicly listed
- Results 2024
- Total assets: USD 0.6 billion; AuM USD 103.7 billion
- Number of employees
- 387
- Website
- https://www.bsig.com
