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Portfolio > Portfolio Construction > ESG

Invesco Spotlights Its ESG Efforts

By Ginger Szala

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Shining a light on its corporate behavior, Invesco, one of the largest asset managers in the world, with $1.1 trillion in assets, provided an update on where the company has performed in environmental, social and governance aspects, especially during the pandemic, for which it contributed more than $1 million in relief and is matching employee donations given to COVID-19 related charities.

In a call-out to investors, the report looked at Invesco’s corporate citizenship, climate change behavior, ESG and diversity and inclusion advancements.

For example, within diversity, the company pledged to increase female representation in senior management to between 35% and 40% by 2022. By the end of 2019, that number was at 32%, it says. At the end of 2019, two of the company’s nine board members were women.

“Invesco has demonstrated a continued determination to be part of the solution to provide a better future, a better workplace and an investment experience that help people get more out of life,” according to Cathrine de Coninck-Lopez, global head of ESG for Invesco.

Other highlights the company pointed out were:

  • Reduction of 20% in natural gas and greenhouse gases from 2017 to 2019.
  • A 27% reduction in waste across the company compared to a 2017 baseline.
  • It received an A+ rating by the Principles for Responsible Investment for the company’s strategy in responsible investment and ESG investments in listed equities.
  • By 2023, the asset company plans to have ESG risks integrated across all its investment capabilities.
  • In 2019, 245 employees, or 3% of 8,514 took parental leave.
  • The company supported 117 charitable organizations.
  • Participating with other Wall Street groups, female executives from across the firm led workshops and acted as mentors to students at Stuyvesant High School in Lower Manhattan. According to Invesco, there has been a 68% increase in financial literacy among students, and 93% of students indicated they would pursue a major or minor in finance or economics.

— Related on ThinkAdvisor:

Ginger Szala

@gingerszalaink

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