First Affirmative Financial Network

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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.

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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.

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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.

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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.”

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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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Joined investor coalitions

First Affirmative joined an investor coalition in petitioning Congress and the EPA to provide permanent protection for pristine Bristol Bay and permanently stop the proposed Pebble Mine. It also joined Share Action’s campaign at seven companies to electrify auto fleets at companies with significant exposure.

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Worked on chemical risk

The high shareholder support for First Affirmative’s chemical risk management proposal at TJX led to an ongoing dialogue with the company in conjunction with NGO partner Clean Production Action, resulting in significant commitments and improved outcomes. The firm also signed the Chemical Disclosure Principles investor statement.

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Engaged on paid sick leave

First Affirmative partnered with Corporate Knights in a campaign to engage 14 companies that performed poorly or did not respond to Corporate Knight’s first annual paid sick leave report, which assessed the adequacy of permanent corporate paid sick leave policies.

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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