First Affirmative Financial Network

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Sustainability Summary

  • This is an unclaimed profile. First Affirmative Financial Network has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
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First Affirmative Financial Network Sustainability Profile

Sustainability Summary

  • This is an unclaimed profile. First Affirmative Financial Network has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
Powered by Tracker AI BETA; there may be errors

What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

First Affirmative Financial Network describes itself as a pioneer in sustainable, responsible and impact investing. Its work focuses on values-aligned investing, ESG integration, shareholder advocacy, proxy voting, and portfolio construction designed to support both financial return and societal change. The firm says it uses research, quantitative techniques, and investment protocols to help advisors build portfolios around client impact preferences, including climate change, racial equity, fossil fuels, renewable energy, and other environmental and social issues. It has also been recognised as a B Corp and has engaged companies and investors on sustainability reporting and ESG oversight.

About First Affirmative Financial Network

  • Status
  • Unverified
  • Employees
  • 5 - 25
  • Country
  • United States

First Affirmative Financial Network Services

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First Affirmative Financial Network offers sustainable finance solutions, helping businesses redirect investments towards ethical and eco-friendly ventures. By focusing on sustainable, responsible, and impact (SRI) investing, they assist companies in aligning their financial strategies with social values, fostering environmental stewardship, and promoting global peace initiatives.

Serviceable Locations: United States

First Affirmative Financial Network Sustainability Actions

Launched AffirmativESG

In 2020, the company launched AffirmativESG, a digital platform for financial advisors that allows them to customize portfolios. The tool can match a client’s impact preferences and financial goals with dozens of preferred investing priorities ranging from climate change to criminal justice reform to progressive employee benefits.

Recognized as Best for the World

First Affirmative Financial Network was named a Best for the World™ B Corp for offering products and services that support the greater good. It ranked in the top 5% of all B Corps in its size group worldwide for its sustainable business practices.

Engaged on ESG disclosures

First Affirmative Financial Network withdrew a shareholder proposal at SBA Communications, Inc. after negotiations resulted in a commitment to expand disclosures on ESG issues, including board oversight of material sustainability issues, energy footprint and ongoing initiatives to reduce greenhouse gas emissions, physical impacts of climate change, ecological impact policies in site management and selection, employee safety information and recordable injuries data, and employee diversity initiatives and diversity data.

Strengthened proxy voting guidelines

In 2021, First Affirmative strengthened its proxy voting guidelines for climate oversight. From its 2022 guidelines: “The physical and financial risks posed by climate change are systemic, portfolio-wide, and undiversifiable. Company action, or failure to act, that directly or indirectly impact climate outcomes pose risks to the financial system as a whole, and to our entire portfolio. We may oppose the election of directors responsible for the oversight of climate risk.”

Joined climate disclosure campaigns

As a signatory to the CDP, First Affirmative participated in a campaign urging 19 portfolio companies to disclose greenhouse gas emissions annually, including taking the lead in contacting Caterpillar on behalf of 44 global investors. Five of these companies submitted climate surveys to the CDP for the first time.

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First Affirmative Financial Network Sustainability Commitments

2019

Sought mandatory ESG reporting

First Affirmative said it was approaching over a dozen other companies in its portfolio that lacked comprehensive sustainability reporting over the course of 2019 to discuss its concerns, and would file shareholder proposals if necessary. It also said it continued to support standardized reporting initiatives and had signed a petition asking the SEC to develop mandatory ESG reporting guidelines for public companies.

2022

Hold directors accountable

From its 2022 guidelines, First Affirmative said it may oppose the election of directors responsible for the oversight of climate risk, and that directors responsible for climate oversight that do not rapidly adopt and implement a transition plan to align corporate targets with limiting warming to 1.5 degrees C will be held accountable.

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What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

About First Affirmative Financial Network

  • Status
  • Unverified
  • Employees
  • 5 - 25
  • Country
  • United States

Sustainable Development Goals

First Affirmative Financial Network is committed to advancing these Global Goals to promote prosperity for people & planet.

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