Submitted by: T. Rowe Price
Posted: Feb 21, 2018 – 11:00 AM EST
BALTIMORE, Feb. 21 /CSRwire/ - T. Rowe Price has released its 2016–2017 Corporate Social Responsibility (CSR) Report, which is available at troweprice.com/CSRreport. The report details how CSR is an integral part of the firm’s culture and interwoven through its business, as demonstrated in how it invests for clients, associates, and communities.
Highlights from 2016 and 2017 include:
Recognized in 2017 by Pensions & Investments as one of the Best Places to Work in Money Management.
Launched WAVE, MOSAIC, and PRIDE to serve as business resource groups for associates, charged with creating a more inclusive culture by advocating for women, minority, and LGBT+ associates.
46% of senior-level new hires were diverse, with 32% female new hires and 23% minority new hires in 2016.
Associates volunteered 46,000 hours in the community in 2016.
$10.3 million in total firm giving to charitable causes in 2016.
1.4 million people were reached through the firm’s financial education program, Money Confident Kids, in 2016.
Reduced greenhouse gas emissions per associate by 31% between 2010 and 2016. The firm’s total greenhouse gas emissions were reduced by 4% during that timeframe.
Strengthened the firm’s capabilities to analyze environmental, social, and governance investment considerations by hiring Maria Elena Drew to serve in the newly created role of director of research, responsible investing.
Bill Stromberg, president and CEO of T. Rowe Price
“Our commitment to clients is unwavering, and so is our desire to bring about positive change in our communities. On behalf of our nearly 6,900 associates worldwide, I am proud and excited to share the results of our Corporate Social Responsibility program.
“Over the past two years, as president and CEO, I have been inspired by our associates’ long-term commitment to giving back to our communities. It speaks volumes about who we are and what we stand for.”
About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (NASDAQ-GS:TROW) is a global investment management organization with $1.05 trillion in assets under management as of January 31, 2018. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com or our Twitter, YouTube, LinkedIn, and Facebook sites.
Download the CSR Report PDF here.