Oaktree Capital Management LP

Los Angeles, California
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

Oaktree Capital Management scored a 70 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in vendor selection and philanthropic support. Oaktree Capital Management is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices. The company provides training and other programs to increase awareness of biases. Oaktree Capital Management supports DEI within its business practices, hosting a Diversity & Inclusion Council and employs a Head of Diversity & Inclusion. The company is a member of the Partnership for Carbon Accounting Financials, committed to net zero carbon emissions by 2050. Oaktree Capital Management is a signatory of the Institutional Limited Partners Association’s Diversity in Action Initiative, committing itself to specific actions that advance DEI within the governance and policies of the organization and the private equity industry more broadly. The company is a signatory to the CFA Institute’s Diversity, Equity, and Inclusion Code, indicating its support of DEI in its recruitment, hiring, onboarding, and promotions. Furthermore, Oaktree Capital Management pledges to integrate DEI into its policies, promote DEI in the investment industry, and provide regular reporting on its DEI metrics to the CFA Institute. The company’s former CEO, Jay Wintrob, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. Oaktree Capital Management sponsored Out & Equal. However, the company does not appear to discriminate against charitable organizations based on views or beliefs. For these reasons, Oaktree Capital Management receives a Medium Risk rating.

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