Northwestern Mutual is a United States life, health and disability insurance company. It also provides financial advisory services that includes as retirement, and estate planning services. The company serves customers in the United States and has USD 335 billion in total assets with 6,701 employees.
There is no evidence that the financial institution acknowledges that its financing activities have both positive and negative impacts on society and the environment. In terms of its approach to senior leadership accountability, there is no evidence that the financial institution assigns responsibility for sustainability to the group’s highest governing body. Moreover, 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 the financial institution commits to gender equality and women’s empowerment. In terms of female representation in leadership positions, women are underrepresented on the board of directors where only 3 out of 15 board members are women. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.
There is no evidence that the financial institution 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 the financial institution 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 Northwestern Mutual has a publicly available policy statement committing it to respect human rights. 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 has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, race or ethnicity, 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.
More about the company
United States of America
Revenue: USD 34 billion; Total assets: USD 335 billion