RAYMOND JAMES FINANCIAL, INC. Annual report demonstrates deliberate sustainability progress and reinforces commitment to transparency
ST. PETERSBURG, Fla. - Raymond James Financial, Inc. (NYSE: RJF) today released its 2021 Corporate Responsibility Report, the firm's second annual review of its commitment to people, sustainability, community and governance. Among the highlights is the continued evolution of the firm's internal framework and measurement program supporting transparency and deliberate advancement in these critical areas, according to RJF Chair and Chief Executive Officer Paul Reilly.
"We are accountable to our many stakeholders to demonstrate how we are serving them through the values this firm is built on - putting people first, thinking long term, leading conservatively and giving back to our communities. Our culture compels us to continuously strive for higher standards of sustainability and responsibility," said Reilly.
Additional highlights of the 2021 report include:
- Enhanced board oversight of ESG issues by splitting the Corporate Governance, Nominating and Compensation Committee into two committees: The Corporate Governance and ESG Committee and the Compensation and Talent Committee
- 45% women and 20% people of color comprised the overall firm workforce
- 44% women and 33% people of color comprised the firm's independent, non-executive Board of Directors
- $1.3 billion in equity raised for affordable housing, the sixth consecutive year over $1 billion, via Raymond James Affordable Housing Investments for a total $12.6 billion raised since the inception of the tax credit program
- 71% year-over-year increase in the number of financial advisors managing at least $1 million AUM in sustainably invested funds, as defined by Morningstar®
- Raised $7.2 million through United Way in December 2021 and ranked as the seventh largest donor in the U.S. to the American Heart Association's Heart Walk
- 58,294 meals packed and served by associates during Raymond James Cares Month, delivering 80,343 pounds of food and supplies
The firm continues to formalize and expand its internal diversity and inclusion framework, including the creation of 20 diversity and inclusion committees within individual business units, each developing an action plan for their area. The Associate and Advisor Inclusion Networks also grew with the introduction of two new networks, one centered on associate professional longevity resources and the other a Veteran Financial Advisors Network committed to serving and increasing the number of veteran advisors at the firm.
Among other progress updates to Raymond James' Pledge to the Black Community initiated in 2020, the firm launched a mentoring program for black associates, delivered donations to 12 high-impact organizations and hosted its inaugural Finance Discovery Program for students of color.
"The urgency of world events through the past two years strengthened and informed our efforts to define, measure and progress our vision for a more sustainable future. These changes are iterative steps in our steady advancement and are fundamental to the long-term well-being of our business," said Reilly.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.24 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.
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Raymond James Financial Inc. published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 15:08:01 UTC.
