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Franklin Templeton Issues Corporate Social Responsibility Report and Broadens Goals for 2022

CSR Report Outlines Achievements and Expands Sustainability Disclosures

Franklin Templeton has released its annual Corporate Social Responsibility (CSR) Report that addresses its commitment to responsible corporate citizenship and outlines its efforts to build a better future for clients, shareholders and employees as well as the communities it serves around the world.

In addition to announcing that the firm met its 2021 commitments, the 2022 report details Franklin Templeton’s progress on the firm’s six dimensions of CSR – stewardship and sustainable investing; diversity and inclusion (D&I); environment and climate; employee experience; community engagement; and responsible corporate practices – and outlines new priorities for the 2022 fiscal year. The firm also reported sustainability results using two widely used disclosure frameworks, the Sustainable Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI). Franklin Templeton reported using SASB standards previously and has expanded its reporting to include the GRI Index in this latest report.

“Our CSR accomplishments are a testament to our commitment to progress, which is at the heart of everything we do at Franklin Templeton. As the firm celebrates its 75th anniversary in 2022, we will continue to build upon our CSR achievements while employing the highest standards in the way we operate our firm and invest on behalf of our clients,” said Jenny Johnson, President and CEO of Franklin Templeton. “Looking forward, our CSR commitments and expanded reporting affirm our promise to our stakeholders to continually improve and evolve.”

“Franklin Templeton’s CSR goals outline the firm’s commitment to sustainability, which addresses our responsibilities for taking care of people, the planet and prosperity. For investors, these are the key factors that foster long-term risk-adjusted returns: financial, human and natural. The tremendous challenges and opportunities these bring through issues like climate change, diversity, equity and inclusion, drive the strategic priorities for our organization and investment teams going forward,” said Anne Simpson, Global Head of Sustainability for Franklin Templeton. “We will be focused not only on our corporate sustainability efforts, which include reducing the organization’s greenhouse gas emissions and enhancing our reporting infrastructure, but also expanding our stewardship and sustainable investing practices across our global investment portfolios.”

Major 2021 CSR Achievements

  • Stewardship & Sustainable Investing: In July 2021, Franklin Templeton, along with its specialist investment managers ClearBridge Investments, Brandywine Global and Martin Currie, joined the industry-leading Net Zero Asset Managers initiative in support of its goal to reduce carbon emissions to net zero by 2050 or sooner. Over the past year, the firm also launched its Stewardship and Sustainability Council and appointed Anne Simpson as its first Global Head of Sustainability.
  • Diversity & Inclusion: In 2021, the firm published expanded gender and ethnicity representation data and developed a global D&I strategy to diversify talent at all levels. It partnered with organizations and educational institutions to recruit from underrepresented groups and contributed to the Financial Alliance for Racial Equity (FARE) CFP® (Certified Financial Planner) Board scholarship for aspiring CFP® professionals of color.
  • Environment & Climate: The company’s energy reduction initiatives and remote work policies led to a reduction in emissions of approximately 57% since 2007, its baseline year, despite significant expansion of our business due to organic growth and acquisitions. In 2021, Franklin Templeton also expanded Scope 3 emissions reporting, set an emissions target and established an enterprise-level Environmental Committee to further advance green initiatives and drive innovation.

“At Franklin Templeton, we understand that CSR is not only good for our communities and our world, but it is also good business practice,” said Kristin Kosmides, Head of Global Citizenship. “Our firm made exceptional progress on our CSR goals in 2021, despite the challenging pandemic environment, and we have identified opportunities for making further strides in 2022. Going forward, we will execute on our expanded goals while continuing to closely engage with our key stakeholders to inform and evolve our work.”

Franklin Templeton established goals and key priorities for fiscal year 2022 within the following focus areas:

Key 2022 CSR Commitments

  • Stewardship & Sustainable Investing: Franklin Templeton will disclose climate-related risks and opportunities in alignment with the Task Force on Climate-related Financial Disclosures, an industry best practice. The firm will also advance initiatives within our commitment to the Net Zero Asset Managers initiative (NZAMI).
  • Diversity & Inclusion: Over the coming year, the firm will continue to integrate inclusive hiring practices, including putting forward diverse slates of candidates for senior positions. The firm will implement initiatives aimed at providing access and opportunities for underserved entrepreneurs, businesses and suppliers. Additionally, Franklin Templeton employees are setting individual diversity goals in 2022.
  • Environment & Climate: The firm will complete third-party verification for scope 1 and 2 greenhouse gas (GHG) inventory, review and update its GHG inventory process and review building management systems globally for efficiency and emissions reduction opportunities.
  • Employee Experience: The firm will complete development of its employee value proposition to reflect the employee experience and Franklin Templeton brand.
  • Community Engagement: Franklin Templeton will work to further refine its charitable foundation focus areas with stakeholders and refresh the firm’s global volunteerism program, Involved.
  • Responsible Corporate Practices: The firm will continue to expand and scale cybersecurity effectiveness testing.

To access the report and see all of Franklin Templeton’s CSR commitments, visit the Global Citizenship page on the Franklin Resources website.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.5 trillion in assets under management as of March 31, 2022. For more information, please visit and follow us on LinkedIn, Twitter and Facebook.

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Franklin Templeton has certain environmental, sustainability and governance (ESG) goals or capabilities; however, not all strategies are managed to “ESG” oriented objectives.

Issued in the U.S. by Franklin Distributors, LLC, One Franklin Parkway, San Mateo, California 94403-1906, (800) DIAL BEN/342-5236, - Franklin Distributors, LLC, member FINRA/SIPC, is the principal distributor of Franklin Templeton U.S. registered products, which are not FDIC insured; may lose value; and are not bank guaranteed and are available only in jurisdictions where an offer or solicitation of such products is permitted under applicable laws and regulation.

Australia: Issued by Franklin Templeton Australia Limited (ABN 76 004 835 849) (Australian Financial Services License Holder No. 240827), Level 47, 120 Collins Street, Melbourne, Victoria 3000. Austria/Germany: Issued by Franklin Templeton International Services S.à r.l., Niederlassung Deutschland, Frankfurt, Mainzer Landstr. 16, 60325 Frankfurt/Main. Tel: 08 00/0 73 80 01 (Germany), 08 00/29 59 11 (Austria), Fax: +49(0)69/2 72 23-120,, Canada: Issued by Franklin Templeton Investments Corp., 200 King Street West, Suite 1500 Toronto, ON, M5H3T4, Fax: (416) 364-1163, (800) 387-0830, Netherlands: Franklin Templeton International Services S.à r.l., Dutch Branch, World Trade Center Amsterdam, H-Toren, 5e verdieping, Zuidplein 36, 1077 XV Amsterdam, Netherlands. Tel: +31 (0) 20 575 2890. United Arab Emirates: Issued by Franklin Templeton Investments (ME) Limited, authorized and regulated by the Dubai Financial Services Authority. Dubai office: Franklin Templeton, The Gate, East Wing, Level 2, Dubai International Financial Centre, P.O. Box 506613, Dubai, U.A.E. Tel: +9714-4284100 Fax: +9714-4284140. France: Issued by Franklin Templeton International Services S.à r.l., French branch, 55 avenue Hoche, 75008 Paris France. Hong Kong: Issued by Franklin Templeton Investments (Asia) Limited, 17/F, Chater House, 8 Connaught Road Central, Hong Kong. Italy: Issued by Franklin Templeton International Services S.à r.l. – Italian Branch, Corso Italia, 1 – Milan, 20122, Italy. Japan: Issued by Franklin Templeton Investments Japan Limited. Korea: Issued by Franklin Templeton Investment Trust Management Co., Ltd., 3rd fl., CCMM Building, 12 Youido-Dong, Youngdungpo-Gu, Seoul, Korea 150-968. Luxembourg/Benelux: Issued by Franklin Templeton International Services S.à r.l. – Supervised by the Commission de Surveillance du Secteur Financier - 8A, rue Albert Borschette, L-1246 Luxembourg. Tel: +352-46 66 67-1 Fax: +352-46 66 76. Malaysia: Issued by Franklin Templeton Asset Management (Malaysia) Sdn. Bhd. & Franklin Templeton GSC Asset Management Sdn. Bhd. This document has not been reviewed by Securities Commission Malaysia. Poland: Issued by Templeton Asset Management (Poland) TFI S.A.; Rondo ONZ 1; 00-124 Warsaw. Romania: Franklin Templeton International Services S.à r.l. Luxembourg, Bucharest Branch, at 78-80 Buzesti Str, Premium Point, 8th Floor, Bucharest 1, 011017, Romania. Registered with Romania Financial Supervisory Authority under no. PJM07.1AFIASMDLUX0037/10 March 2016 and authorized and regulated in Luxembourg by Commission de Surveillance du Secteur Financier. Tel: + 40 21 200 9600. Singapore: Issued by Templeton Asset Management Ltd. Registration No. (UEN) 199205211E and Legg Mason Asset Management Singapore Pte. Limited, Registration Number (UEN) 200007942R. Legg Mason Asset Management Singapore Pte. Limited is an indirect wholly owned subsidiary of Franklin Resources, Inc. 7 Temasek Boulevard, #38-03 Suntec Tower One, 038987, Singapore. Spain: Issued by Franklin Templeton International Services S.à r.l. – Spanish Branch, Professional of the Financial Sector under the Supervision of CNMV, José Ortega y Gasset 29, Madrid, Spain. Tel: +34 91 426 3600, Fax: +34 91 577 1857. South Africa: Issued by Franklin Templeton Investments SA (PTY) Ltd, which is an authorised Financial Services Provider. Tel: +27 (21) 831 7400 Fax: +27 (21) 831 7422. Switzerland: Issued by Franklin Templeton Switzerland Ltd, Stockerstrasse 38, CH-8002 Zurich. UK: Issued by Franklin Templeton Investment Management Limited (FTIML), registered office: Cannon Place, 78 Cannon Street, London EC4N 6HL. Tel: +44 (0)20 7073 8500. Authorized and regulated in the United Kingdom by the Financial Conduct Authority. Nordic regions: Issued by Franklin Templeton International Services S.à r.l. Swedish Branch, filial, Nybrokajen 5, SE-111 48, Stockholm, Sweden. Tel: +46 (0)8 545 012 30,, authorised in Luxembourg by the Commission de Surveillance du Secteur Financier to conduct certain financial activities in Denmark, Sweden, Norway, Iceland and Finland. Franklin Templeton International Services S.à r.l., Swedish Branch, filial conducts activities under supervision of Finansinspektionen in Sweden.

Offshore Americas: In the U.S., this publication is made available only to financial intermediaries by Franklin Distributors, LLC, member FINRA/SIPC, 100 Fountain Parkway, St. Petersburg, Florida 33716. Tel: (800) 239-3894 (USA Toll-Free), (877) 389-0076 (Canada Toll-Free), and Fax: (727) 299-8736. Investments are not FDIC insured; may lose value; and are not bank guaranteed. Distribution outside the U.S. may be made by Franklin Templeton International Services, S.à r.l. (FTIS) or other sub-distributors, intermediaries, dealers or professional investors that have been engaged by FTIS to distribute shares of Franklin Templeton funds in certain jurisdictions. This is not an offer to sell or a solicitation of an offer to purchase securities in any jurisdiction where it would be illegal to do so.

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