Invesco

Georgia
Diversified Financials

Risk Level:

Rating - Danger
High Risk

Summary:

Invesco, an investment management company, has made various ESG-related commitments to embed ESG principles into its investments and business operations. This includes commitments to the Net Zero Asset Managers initiative and Climate Action 100+. Invesco fails to protect its employees against viewpoint protection, but Invesco vets vendors for their LGBTQ policies. Additionally, the company will fund out-of-state abortions and gender surgeries for employees. However, Invesco has not used its own PAC for non-business purposes. For these reasons, Invesco receives a High Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Invesco received a score of 100 on the Corporate Equality Index (CEI) from the Human Rights Campaign. Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1). Invesco purports to offer ESG investment opportunities “that align with clients’ long-term interests,” however, Invesco also says that it embeds “ESG principles into our investment strategies” and business operations (2). Invesco is a member of many ESG advocacy groups and commitments, including the Net Zero Asset Managers Initiative, Climate Action 100+, and the UK Stewardship Code (3). Invesco has not publicly terminated business relationships or investments due to ESG, but its commitments to climate advocacy groups likely leads to exclusion of various businesses or industries.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
N/A
Rationale

Invesco has not published its charitable giving guidelines. Invesco occasionally matches employee donations and makes other corporate grants focused on racial justice, education support, and environmental partnerships (1). It is unclear if Invesco discriminates against religious charities in its giving process.

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Invesco does not protect its employees from potential viewpoint discrimination (1)(2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Invesco is a member of many ESG advocacy groups and commitments, including the Net Zero Asset Managers Initiative, Climate Action 100+, and the UK Stewardship Code (1).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Invesco uses its corporate funds to advance ESG criteria including DEI, climate risk, proxy voting, and ESG integration in investment decision-making (1). Invesco will cover travel costs for all employees seeking an out-of-state abortion (2). Invesco also covers costs for gender surgeries for employees (3). Invesco is a contributing member of the World Economic Forum Investors Group on Climate Change (IIGCC) (4).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Invesco uses its PAC to donate in a bipartisan manner consistent with its business interests (1).

All links were last accessed and all information was updated on:
March 23, 2023

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