Company Directory - Franklin Templeton
Company Details - Franklin Templeton
Franklin Templeton
WebsiteSan Mateo, United States
Franklin Templeton is a global investment management firm that offers a broad range of investment solutions and services. The firm specializes in mutual funds, ETFs, and alternative investments for both individual and institutional investors, aiming to help clients grow and preserve their wealth. With a commitment to responsible investing, Franklin Templeton actively manages various portfolios that include equity, fixed income, and multi-asset strategies. The firm is particularly noted for its focus on comprehensive research and investment expertise to meet diverse customer needs across markets worldwide.
CCI Score
CCI Score: Franklin Templeton
1.04
Latest Event
Franklin Templeton ERISA Class Action Settlement Improves 401(k) Benefits
Franklin Templeton reached a $13.85 million settlement in an ERISA class action lawsuit over alleged fiduciary breaches, resulting in enhanced retirement benefits by increasing the 401(k) company match by 10% and introducing a nonproprietary target date fund for employees.
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OBJECTOR
Franklin Templeton is currently rated as an Objector.
Latest Events
- OCT012025
Franklin Templeton reached a $13.85 million settlement in an ERISA class action lawsuit over alleged fiduciary breaches, resulting in enhanced retirement benefits by increasing the 401(k) company match by 10% and introducing a nonproprietary target date fund for employees.
+60
Labor Relations and Human Rights Practices
April 7
The settlement, which improves employee retirement benefits through an increased match and additional fund option, represents a corrective action in response to allegations of unethical fiduciary practices. Although the lawsuit highlighted problematic behavior, the resolution serves to protect worker interests and enhance retirement security, an outcome viewed positively from an anti-authoritarian, worker-focused perspective.
Near $14M Settlement Reached in Franklin Templeton ERISA Class Action
- OCT182024
Franklin Templeton's quarterly and registration filings for lobbying activities have been publicly disclosed on the Senate's lobbying disclosure portal. This event reveals the firm's ongoing engagement in political lobbying, a common practice among large corporations to influence policy, which raises concerns about undue corporate influence in democratic processes.
-20
Political Contributions and Lobbying Efforts
April 7
Franklin Templeton's registration and quarterly activity reports related to lobbying indicate an active effort to influence public policy. From an anti-fascist perspective, corporate lobbying is seen as perpetuating undemocratic power dynamics even when transparently disclosed. Although the filings adhere to legal requirements, the inherent pursuit of corporate advantage through lobbying can undermine democratic accountability.
- JUN242024
Franklin Templeton released its fiscal year 2023 Corporate Social Responsibility Report on June 24, 2024, detailing progress on sustainable investing, environmental stewardship, diversity, equity and inclusion (DE&I), employee experience, community engagement, and responsible corporate practices. The report, which uses frameworks such as SASB and GRI, underscores the firm's commitment to ethical business practices and supporting marginalized communities.
+60
Business Practices and Ethical Responsibility
April 7
The release of the CSR report highlights Franklin Templeton's comprehensive approach to responsible corporate citizenship. Emphasizing sustainable investing, DE&I, and community engagement, the firm demonstrates a commitment to ethical and progressive business practices that support marginalized communities and counter authoritarian tendencies.
Franklin Templeton Issues Annual Corporate Social Responsibility Report
- APR022024
The Federal Election Commission page details the Franklin Templeton PAC, a political action committee connected to Franklin Templeton. This PAC is involved in itemizing transactions and political contributions, signaling the firm's engagement in political financing.
-10
Political Contributions and Lobbying Efforts
April 7
Franklin Templeton's connection to a political action committee raises concerns regarding the firm's potential involvement in influencing political processes. While PACs are a standard mechanism for political contributions, their use can provide channels for funding political activities that may support authoritarian or far‑right policies. Given the opaque nature of specific contributions and allocations, this event is assessed with a modest negative score from an anti‑fascist perspective.
FRANKLIN RESOURCES INC POLITICAL ACTION COMMITTEE (FRANKLIN TEMPLETON PAC) - committee overview
- JAN012024
Franklin Templeton announced last week that it would exit the Climate Action 100+ initiative, a move that signals a retreat from its previously stated commitment to sustainable investment practices and climate accountability.
-40
Business Practices and Ethical Responsibility
April 7
Franklin Templeton's decision to leave the Climate Action 100+ initiative reflects a step back from its commitment to environmental responsibility. This retreat undermines efforts to hold corporations accountable for sustainable practices, which are crucial for protecting vulnerable communities from climate-related harms. The move is seen as prioritizing short-term business interests over long-term social and environmental accountability.
- MAR162023
The Enforcement Directorate conducted raids on offices of Franklin Templeton officials in Mumbai and Chennai as part of a money laundering investigation linked to allegations of fraudulent practices surrounding the sudden closure of six debt schemes.
-60
Business Practices and Ethical Responsibility
April 7
The raids and associated money laundering investigation reveal significant concerns regarding Franklin Templeton's business practices and ethical responsibility. Allegations of orchestrating fraudulent closures of debt schemes indicate a serious lapse in corporate governance and investor protection, warranting a negative score.
Reasons, allegations - Why ED raided offices of Franklin Templeton officials | DETAILS
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- Investment Banking and Securities Dealing
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- Investment Advice
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