Community engagement, environmental impact, and governance standards
Putnam supports several nonprofits that promote financial literacy and diversity within the asset management profession, including Invest in Girls, BLK Capital, and the Robert Toigo Foundation.
The importance of sustainability extends to our role in the community. We engage in a range of civic and charitable activities and support ongoing relationships with many nonprofit organizations. Our firm encourages participation by employees as nonprofit and civic board members, volunteers, and donors. Areas of importance for our clients include advancing the interests of investors, developing the financial marketplace, and supporting economic growth.
Putnam works to minimize our environmental impact within our leased office space in Boston and Andover through initiatives around energy consumption and water conservation. Putnam's Boston headquarters at 100 Federal Street is both ENERGY STAR labeled (indicating performance above 75% of similar buildings nationwide on EPA-set energy performance standards) as well as Platinum LEED certified by the U.S. Green Building Council. Since 2018, Putnam has followed more environmentally friendly meeting practices, eliminating single-use plastic items. In 2022, Putnam introduced boxed water for all meetings, further reducing impact on the environment.
We strive to reduce consumption and limit waste.
Our parent company, Great-West Lifeco, has been recognized in carbon and climate risk management, earning a commendable B rating in 2021 from the CDP. The CDP's Climate Change Questionnaire identifies global leaders in the management of carbon, climate change risks, and low-carbon opportunities.
Governance underpins our code of ethics and ongoing management practice. Putnam's governing board comprises Putnam executives; officers of Putnam's parent company, Great-West Lifeco; and a number of independent directors with no material relationship with the company. Putnam's Board of Trustees for The Putnam Funds is responsible for the general oversight of each fund's business and for helping to protect the interests of shareholders.
Putnam is a subsidiary of Great-West Lifeco Inc. and a member of the Power Corporation Group of Companies. You can find out more about corporate social responsibility at Great-West Lifeco, Inc. and Power Financial.