TCW Group (TCW) is a global asset management firm with a broad range of products across fixed income, equities, emerging markets and alternative investments. With half a century of investment experience, TCW today manages approximately USD 220 billion in client assets. TCW’s clients include many global corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. The asset manager is headquartered in Los Angeles, CA, USA.
In terms of its approach to senior leadership accountability, TCW Group has an opportunity to link the remuneration of its executive and management teams to sustainability performance criteria. No evidence was found that the asset manager is committed to gender equality and women’s empowerment. Women are underrepresented on the board of directors where only one out of nine board members are women. In addition, it has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. TCW Group has an opportunity to includes clear frameworks with success criteria and escalation points in its engagement policy and publish a report providing an overview of its engagement activities over 2021.
There is no evidence that TCW Group 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, it has an opportunity to disclose the amount of its investment devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the asset manager is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that TCW Group 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 asset manager 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, TCW Group has an opportunity to disclose the amount of finance directed towards low-income developing countries.