Ethics & Compliance
Our most recent strategy refresh occurred in 2014. We deepened our focus on positive social impact through strong risk management. We also formalized a focus on social finance to further enable positive change through investments.
As the investments company for the world, it is our business to understand where resources can have the greatest impact and how our firm can engage and enrich society. We apply this thinking to our CSR strategy, identifying areas where we can foster positive change. Additionally, we are increasingly focused on connecting programs to create interdisciplinary strategies that allow for optimized value and performance.
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Topics that are critically important to society and our business
Ethics & Compliance
Topics that are important to society and our firm's strategy
Topics that are important to society
In 2014, we refreshed our strategy to ensure that we are focusing on areas with the highest importance and relevance to our firm. The evaluation included research and interviews with a diverse group of internal and external stakeholders to gather their feedback on our existing CSR framework and the proposed evolution of our CSR strategy. The outcomes of the materiality refresh were reviewed by our Executive Committee and by the CSR Committee of the Board of Directors. While some areas have evolved from our previous materiality analysis completed in 2011, our core strategy continues to comprise the three pillars of Market Integrity, Our People and Our World, which are described as follows:
Based on key findings from the materiality refresh, our strategy has evolved in the following ways:
An increased emphasis on risk management.
An emphasis on how we attract, develop and retain excellent talent and are invested in our employees.
The addition of Social Finance and the expansion of Environmental Management.
As a result of the refreshed materiality analysis, we view stakeholder engagement, transparency and strong CSR governance as key principles and mechanisms that underpin our CSR strategy, rather than particular areas within our strategic focus.
1Based upon the value of assets held in custody reported by the top 51 custodians, as reported by Global Custody.net in March 2014.