MutualFundWire.com: Nine of the Most Responsible Fund Firms Are ...

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Wednesday, January 17, 2024

Nine of the Most Responsible Fund Firms Are ...

At least eight firms in the mutual fund business are among the most responsible U.S. companies from an ESG perspective, according to the folks at a news magazine and a market data specialist.

David A. Hunt
PGIM
President, CEO

Last month, the teams at Newsweek and Statista have unveiled their 2024 list of America's Most Responsible Companies. The list (now in its fifth iteration) includes 600 companies (up from 500 a year earlier), whittled down from a list of the 2,000, U.S.-based, publicly traded companies with the most revenue. That process is based on quantitative ESG (environmental, social, and governance) data and a corporate social responsibility survey of 17,000 U.S. residents.

In the asset management business, companies on the 2024 list of the most responsible companies include: Prudential (parent of PGIM) at 165th; Principal Financial Group at 210th; J.P. Morgan at 229th; Bank of New York Mellon at 231st; the Hartford at 282nd; Franklin Resources at 371st; Voya Financial at 402nd; Invesco at 414th; and Ameriprise Financial (parent of Columbia Threadneedle) at 555th.

Nancy Cooper, global editor in chief of Newsweek, describes the list as a way to "honor these responsible corporate citizens."

"At the core is the idea that businesses should support the communities in which they belong," Cooper writes.

"The survey results suggest that companies have been making improvements in certain areas over the last three years, with social responsibility scores notably on the rise," Michael Bausch, senior analyst at Statista, tells Newsweek.

Printed from: MFWire.com/story.asp?s=66919

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