Within our operations, we consider Responsible Business principles through two key pillars: first, the impact we have on our people and the communities in which we live and work. This is often referred to as Corporate Social Responsibility (CSR). Second, we consider the key risks and opportunities we face as an asset manager, we refer to this as Business Resilience.
Corporate Social Responsibility
Our role as an asset manager uniquely positions us to positively impact the well-being of our clients, our employees, our shareholders, and our communities in many ways.
People and Culture
We aspire to be the firm of choice for talented professionals and aim to provide an environment where employees can prosper. Our workplace is focused on creating opportunity and is built upon a foundation of trust, respect, and honesty. We are proud of our culture of ownership.
At the end of 2024, our employees and directors collectively held 16% of the total equity interest in our company. This aligns the interests of our employees with those of our clients and shareholders.
Victory Capital is pleased to offer our employees a comprehensive benefits package that provides quality plans & programs for them and their families to optimize health, wellness & financial security.
We champion a meritocratic culture where excellence is recognized and rewarded. We deliberately foster environments that welcome diverse perspectives and experiences, understanding that innovation thrives at the intersection of different viewpoints. We firmly believe our employees perform at their highest potential when they feel genuinely valued and experience a true sense of belonging within our organization.
Community engagement
Giving back to the communities in which we live and work is core to our culture. We encourage employee involvement through our corporate initiatives, such as our annual matching gift program and paid time off for qualifying volunteer work.
We are incredibly proud of our employees and the meaningful work they do to support nonprofit and charitable organizations. Our team members go above and beyond to contribute their time, skills, and resources to help make a positive impact in our communities.
Business Resilience
We understand the critical importance of maintaining business resilience in the face of evolving risks and opportunities. We are continually assessing and addressing potential vulnerabilities to ensure our long-term sustainability and success.
Governance
We have robust procedures in place to monitor our Business Resilience and Sustainability. The Nominating, Governance, and Sustainability Committee of the Victory Capital Holdings, Inc. Board of Directors is responsible for oversight of Business Sustainability initiatives. This includes CSR initiatives and potential business risks posed by ESG matters that may be material in nature, including, but not limited to, matters involving employee development and welfare, diversity and inclusion, community investment, information privacy and security, and environmental stewardship.
Sustainability Accounting Standards Board standards
We utilize the Sustainability Accounting Standards Board (SASB) standards to monitor and report on the material factors that may impact our business.
The material disclosure topics that SASB has identified for Asset Managers are mapped out below:
SASB Theme
|
Social
Capital
|
Human
Capital
|
Business Model and
Innovation
|
Leadership and Governance
|
---|
Relevant Issue
|
Selling Practices and Product Labelling
|
Employee Engagement, Diversity, and Inclusion
|
Product Design and Lifecycle Management
|
Business Ethics
|
Disclosure Topics identified by SASB for Asset Managers
|
Transparent Information and Fair Advice for Customers
|
Employee Diversity and Inclusion
|
Incorporation of ESG Factors in Investment Management and Advisory
|
Financed Emissions
|
Business Ethics
|
We report on our policies, procedures and oversight for these topics in our Annual Responsible Business Report.
Environmental, Social, and Governance (ESG) Ratings
ESG rating providers are companies that assess and evaluate the sustainability and ethical practices of businesses and financial instruments. They analyze and rate companies based on their environmental impact, social responsibility, and corporate governance practices. We actively engage with the following ESG Rating agencies:
Rating provider |
Rating scale |
Victory Capital Rating |
Update date |
---|
MSCI ESG Rating1
|
AAA to CCC
|
BBB
|
July 2024 |
Morningstar Sustainalytics ESG Risk Rating2
|
0-100, Negligible to Severe
|
21.7, Medium Risk
|
March 2025 |
ISS ESG Rating
|
A+ to D-
|
C-, Not Prime
|
January 2025 |
1The use by Victory Capital Management of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Victory Capital Management by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
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