Ameriprise Financial

InfluenceMap Score
D-
Performance Band
44%
Organisation Score
42%
Relationship Score
Sector:
Financials
Head​quarters:
Minneapolis, United States
Official Web Site:
Wikipedia:

Ameriprise Financial appears to have had limited engagement on sustainable finance policy, and, where it has engaged, its positions have been mixed. Ameriprise Financial has recognized the risks climate change poses to the financial system but it is unclear whether it supports systemic reforms to address these risks. Columbia Threadneedle, Ameriprise Financial’s asset management arm, has supported urgent action to tackle climate change and in 2021 signed onto the Net Zero Asset Managers Initiative, signaling support for the goal of net zero by 2050.

In a 2018 newsletter, Columbia Threadneedle opposed the EU's sustainable finance action plan, arguing that it was "disproportionate and costly" and that policy should focus on changes at the level of the real economy. However, in a 2021 newsletter, Columbia Threadneedle appeared to support the Biden administration’s action on sustainable finance. In its 2022 Responsible Business Report, Ameriprise Financial mentions being an “active industry participant in climate topics” including through trade associations, but details of engagement on sustainable finance policy are unclear.

In a 2021 newsletter, Columbia Threadneedle states support for regulation that strengthens corporate ESG disclosure. Columbia Threadneedle has taken mixed positions on the EU’s taxonomy. In 2019, it was reported that Columbia Threadneedle's global head of responsible investment opposed the EU taxonomy, arguing that it would "create more confusion than it will actually solve." However, a tweet by Columbia Threadneedle in January 2020 and a June 2021 Columbia Threadneedle insights paper both appeared to be broadly supportive of the taxonomy.

Ameriprise Financial and Columbia Threadneedle have described positions on sustainable finance policy in broad terms, with little detail of engagement strategy. Ameriprise Financial has disclosed membership to some trade associations with little detail of indirect influence governance.

QUERIES
DATA SOURCES
0NSNSNSNSNSNS
11NSNS1NSNS
0NSNSNSNSNS0
0NSNSNSNSNSNS
NS1NSNS-2NSNS
NSNSNSNSNSNSNS
NSNSNSNSNSNSNS
NSNSNSNSNSNSNS
-1NANANANANANA
-1NANANANANANA
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
53%
 
53%
 
30%
 
30%
 
43%
 
43%
 
42%
 
42%
 
39%
 
39%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.