Franklin Resources

The financial institution publishes an engagement/stewardship report detailing the outcomes of its engagement on sustainability impact topics. It discloses its approach to lobbying and political engagement in a policy statement and specifies that it does not make political contributions. Decision-making and oversight responsibility for its sustainability strategy is assigned to the highest governance body, while implementation is handled by specific functions, teams, or committees within the institution. The institution discloses a list of the trade associations of which it is a member, monitors its Scope 1-2 emissions, and discloses its operations by country, such as by number of employees or revenue.

The financial institution could disclose financed emissions at the firm level. While it provides some details on its carbon footprint calculation methodology, there is an opportunity to cover all aspects, including emissions coverage for each category, data types, sources for emission factors, and references to applied standards.It is recommended that the institution discloses a transition plan covering its operations, supply chain, and portfolio, and the breakdown of clients and beneficiaries by income group. Although the institution states it has a Global Human Rights Policy including guidelines and controls on responsible investment and due diligence for modern slavery and human trafficking, it could publish this policy.It is recommended that the institution discloses its process for mitigating identified risks and for identifying social risks associated with its products, services, and capital in relation to the net-zero transition. Additionally, it should provide examples of specific conclusions reached and actions taken or to be taken on at least one salient human rights issue related to its products, services, and capital within the last three years.

The financial institution could disclose financed emissions at the firm level. While it provides some details on its carbon footprint calculation methodology, there is an opportunity to cover all aspects, including emissions coverage for each category, data types, sources for emission factors, and references to applied standards.

It is recommended that the institution discloses a transition plan covering its operations, supply chain, and portfolio, and the breakdown of clients and beneficiaries by income group. Although the institution states it has a Global Human Rights Policy including guidelines and controls on responsible investment and due diligence for modern slavery and human trafficking, it could publish this policy.

It is recommended that the institution discloses its process for mitigating identified risks and for identifying social risks associated with its products, services, and capital in relation to the net-zero transition. Additionally, it should provide examples of specific conclusions reached and actions taken or to be taken on at least one salient human rights issue related to its products, services, and capital within the last three years.

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.