BrightSphere Investment Group is an asset management holding company to its 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. As of 2021, it had USD 117 billion in assets under management.
BrightSphere Investment Group has a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns as well as a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption. The financial institution discloses a global tax strategy and that an executive-level individual has responsibility for its strategy. BrightSphere Investment Group specifies that it does not make political contributions.
In terms of its approach to senior leadership accountability, there is no evidence that BrightSphere Investment Group assigns responsibility for sustainability to the highest governing body. There is no evidence that the financial institution links the remuneration of its executive or management teams to sustainability performance criteria. No evidence was found that BrightSphere Investment Group is committed to gender equality and women’s empowerment. BrightSphere Investment Group also has an opportunity to disclose how it addresses any gender pay gaps. In terms of female representation in leadership positions, women are underrepresented on the board of directors where only one out of five board members is a woman. Moreover, the financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.
There is no evidence that BrightSphere Investment Group discloses a target to reach net-zero financed emissions by 2050. The financial institution has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. There is no evidence that BrightSphere Investment Group discloses its financing activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that BrightSphere Investment Group has a publicly available policy statement committing it to respect human rights laid out in the UNGPs and the ILO declaration on fundamental rights at work. The financial institution has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. The financial institution also has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of investments directed towards low-income developing countries.