Stifel Financial Corp

In terms of its approach towards impact management, Stifel Financial Corp acknowledges that its investment activities have both positive and negative impacts. Furthermore, the financial institution assigns the responsibility for sustainability issues to the board-level corporate governance and nominations committee.

No leading practices were identified for the financial institution in the respecting planetary boundaries measurement area.

Stifel Financial Corp has a policy prohibiting bribery and corruption and has a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption.

In terms of its approach to senior leadership accountability, Stifel Financial Corp has an opportunity to link the remuneration of its executive and management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. Women are underrepresented on the board of directors where only two out of ten board members are women. The financial institution has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. Stifel Financial Corp has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees.

There is no evidence that Stifel Financial Corp discloses a target to reach net-zero financed emissions by 2050. It 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. Furthermore, the financial institution has an opportunity to disclose its investment activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the asset manager is committed to minimising its negative impacts or investing in regenerative solutions.

There is no evidence that Stifel Financial Corp has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. It has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Furthermore, the financial institution 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, Stifel Financial Corp has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.