Corporate Responsibility Overview
AMG believes that sound corporate citizenship and adherence to strong governance principles are elements of our success and that of our Affiliates.
We are committed to:
- Developing our employees
- Operating with integrity
- Contributing to the local communities surrounding our global offices
- Enhancing our organization’s diversity, equity, and inclusion efforts
- Being thoughtful stewards of natural resources
Philanthropy
Through employee engagement in our corporate philanthropic initiatives across our global offices, we are committed to giving back to the communities in which we operate. The AMG Charitable Foundation makes meaningful donations to a variety of non-profit organizations and community programs globally in communities where AMG team members live and work.
Human Capital
AMG’s employees are our most valuable asset, and attracting and retaining top talent to execute on our business objectives is a fundamental imperative.
Corporate Governance
AMG has adopted best practices in corporate governance, creating long-term value for our shareholders.
Business Ethics and Risk Management
AMG maintains a strong corporate culture that promotes the highest standards of ethics and compliance for our business. Our Code of Business Conduct and Ethics sets forth principles that guide the conduct of our employees, officers, and directors.
Cybersecurity and Data Privacy
AMG’s information security program and privacy and data security practices protect company assets and sensitive third-party information.
Environment
AMG is committed to long-term environmental sustainability and reducing our impact through an evolving environmental impact management system.
AMG Sustainability Committee
AMG’s Sustainability Committee oversees policies and operational controls of environmental, health and safety, and social risks, and reports to the Board of Directors at least annually.
The cross-functional Committee includes multiple members of the Company’s executive management team.
AMG fosters an open environment for discussing environmental and broader sustainability issues, and we encourage our employees to approach our Sustainability Committee with questions and suggestions regarding our practices and policies. We are committed to supporting dialogue on how AMG can enhance its position on sustainability issues consistent with the goals of our various stakeholders – including AMG’s stockholders, our employees, our Affiliates, and the investors in our Affiliates’ products.
Sustainable Investing
While our Affiliates retain operational and investment autonomy, and develop and maintain their own separate policies and procedures relating to environmental and sustainability matters, we collaborate with Affiliates to enhance their sustainable corporate and investment practices. We incorporate sustainability matters in our assessment process for evaluating prospective Affiliate partners.
Today, a majority of our Affiliates are signatories to the UNPRI, and approximately 10% are signatories to the UK Stewardship Code. With four Affiliates wholly committed to sustainable investment strategies since their inception, and with a number of sustainable investment strategies offered by other Affiliates, as of December 31, 2023, more than 10% of AMG Affiliates’ aggregate assets under management were dedicated to sustainable investing.
Tax Disclosure
Taxes paid in the United Kingdom, Switzerland, Canada, and Hong Kong account for more than 80% of the Current Controlling Interest Foreign Tax Provision as disclosed in our 10-K.
Our United Kingdom Tax Strategy may be found on our Corporate Governance Site.