Climate Change Data

Environmental Metrics

ESG Focus Areas

• Talent retention
• Compliance and governance
• Data privacy and security
• Energy consumption reduction
• Hunger relief

Environmental Achievements

• Ameriprise Financial Center received LEED Silver Certification and Client Service Center received LEED Gold Certification.
• Converted Green Bay building to LED lighting, reducing annual CO2 emissions by approximately 188 tons.
• More than a million clients switched to electronic delivery of documents, saving millions of pounds of paper.

Social Achievements

• Donated more than $71 million through corporate giving and gift matching since 2005.
• Employees and advisors dedicated 81,000 volunteer hours in 2016.
• Provided the equivalent of more than 8 million meals to families and individuals in 2016 through Feeding America® partnership.

Governance Achievements

• Strong compliance foundation established, covering infrastructure, policies, supervision and disclosures.
• Board amended its Nominating and Governance Committee Charter to oversee corporate social responsibility efforts.
• Global Code of Conduct introduced requiring adherence to values, ethical principles, laws, regulations, and policies.

Climate Goals & Targets

Environmental Challenges

• Evolving regulatory and legal environment in financial services.
• Risks and uncertainties reflecting an evolving market, business and regulatory environment.
• Online threats to data security.

Mitigation Strategies

• Strong culture of compliance and close monitoring of legislative and regulatory changes.
• Robust enterprise risk management program to identify, monitor and manage risk.
• Multi-layer authentication, limiting systems access, secure technology, security questions, ongoing surveillance and fraud monitoring to safeguard client privacy.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Catastrophic weather events

Awards & Recognition

• 2016 Corporate Philanthropy Award by the Invest in Others Charitable Foundation
• Commuter Choice Award (Minneapolis)

Environmental Metrics

ESG Focus Areas

• Client focus
• Integrity
• Excellence
• Respect
• Talent retention
• Compliance and governance
• Data privacy and security

Environmental Achievements

• Ameriprise Financial Center and Ameriprise Client Service Center are ENERGY STAR certified and LEED certified.
• 59% of Minneapolis-based employees enrolled in the Metropass program in 2019.
• More than 1.1 million client groups registered for e-delivery, saving millions of pounds of paper.

Social Achievements

• Consistently exceeded external benchmarks in employee and advisor engagement surveys.
• Delivered an estimated nine training hours per employee in 2019.
• Ameriprise employees and advisors contributed nearly 100,000 volunteer hours in 2019.
• Ameriprise and Columbia Threadneedle Investments contributed $17.5 million in grants and supported over 7,800 nonprofits.

Governance Achievements

• Strong enterprise compliance and risk management programs.
• All employees, contractors, and financial advisors completed mandatory compliance training.
• Expanded clawback policy approved in December 2019.

Climate Goals & Targets

Environmental Challenges

• Evolving regulatory expectations in the financial services industry.
• Managing climate-related risks and opportunities across the business.
• Maintaining clients' privacy and data security in a constantly evolving threat landscape.

Mitigation Strategies

• Continuously assessing programs to meet evolving regulations and mitigate risks.
• Enterprise risk management process includes assessing, protecting against, and mitigating physical risks of catastrophic weather events.
• Enhanced privacy risk assessment tool and process implemented.
• Ongoing investment in technology to strengthen oversight and security.

Supply Chain Management

Responsible Procurement

• Supplier diversity initiatives

Climate-Related Risks & Opportunities

Physical Risks

• Catastrophic weather events

Transition Risks

• Evolving consumer preferences
• Regulatory regimes

Reporting Standards

Frameworks Used: CDP Climate Change questionnaire, SASB

Certifications: ENERGY STAR, LEED

Awards & Recognition

• Bloomberg Gender Equality Index
• FTSE4Good Index Series
• Yellow Ribbon (Minnesota)
• Military Friendly® employer
• DivHERsity Awards (India)

Environmental Metrics

ESG Focus Areas

• Values-Driven Firm
• Responsible Investor
• Governance
• Environmental Steward
• Community Impact

Environmental Achievements

• Ameriprise Financial Center and Ameriprise Client Service Center are ENERGY STAR certified and LEED certified. Purchased 22 million kWh of Minnesota-sourced renewable energy credits to offset 2020 energy consumption of Minneapolis campus.
• Over 1.1 million clients switched to electronic delivery, saving millions of pounds of paper.

Social Achievements

• Achieved record client satisfaction and excellent employee engagement.
• Expanded diversity and inclusion initiatives, including new training and the CEO Action for Diversity pledge.
• Donated $2.6 million to nonprofits in response to COVID-19.
• Supported community through strategic grantmaking, volunteerism, and global gift matching.

Governance Achievements

• Maintained strong financial strength and stability throughout the pandemic.
• Strong compliance and risk management programs.
• Effective Board oversight with a majority of independent directors.
• Expanded clawback policy for executive compensation.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its impact on employees, clients, and operations.
• Evolving regulatory landscape.
• Climate change risks and opportunities.

Mitigation Strategies

• Successfully transitioned to remote work for 95% of employees.
• Invested in technology to enhance digital capabilities.
• Accelerated donations to nonprofits.
• Implemented business continuity plans.
• Continuously assessed and adapted compliance programs to meet evolving regulations.
• Incorporated climate change into Enterprise Risk Management process.

Supply Chain Management

Responsible Procurement

• Supplier diversity initiatives

Climate-Related Risks & Opportunities

Physical Risks

• Catastrophic weather events

Transition Risks

• Evolving consumer preferences
• Regulatory regimes

Reporting Standards

Frameworks Used: CDP Climate Change questionnaire, UN Global Compact

Certifications: ENERGY STAR, LEED

Third-party Assurance: Lloyd's Register Quality Assurance (2019 emissions data)

Awards & Recognition

• FTSE4Good Index Series
• Bloomberg Gender Equality Index
• Military Friendly® employer
• DivHERsity Awards
• Beyond the Yellow Ribbon
• Disability Equality Index

Environmental Metrics

ESG Focus Areas

• Climate Change
• Responsible Investment

Environmental Achievements

• Earned recognition at many locations for energy efficiency
• Reduced energy consumption by installing automatic light sensors, adjusting heating and cooling processes, and upgrading to lower wattage light bulbs
• Introduced a composting program to gather and dispose of compostable materials and food waste from our cafeterias (Minneapolis)
• Columbia Threadneedle moved its Boston Headquarters to a LEED Platinum certified building, reducing square footage

Social Achievements

• Expanded research, training and tools for advisors on ESG
• Introduced Active Sustainable Investing World Portfolios with over $3B invested by end of Q1 2022

Governance Achievements

• Board-level oversight of climate-related issues through the Nominating and Governance Committee
• Columbia Threadneedle joined the Net Zero Asset Managers initiative and Climate Action 100+

Climate Goals & Targets

Environmental Challenges

• Securing necessary data for comprehensive GHG emissions reporting
• Increased scrutiny of climate-related risks across individual business units based on their business and regulatory requirements
• Lack of reliable, consistent data available for structured assets (mortgages) within the bank's investment portfolio
• Evolving regulatory environment and client preferences related to ESG and climate change

Mitigation Strategies

• Evolving approach to climate change over several years, leveraging expertise from Columbia Threadneedle
• Developing ESG capabilities and offering a broad range of products and services to advisors and clients
• Incorporating climate change within overall risk discussion and oversight through the Enterprise Risk Management process
• Developing a Net Zero data tool to enhance analysis of companies' alignment with net zero business strategies

Climate-Related Risks & Opportunities

Physical Risks

• Catastrophic weather events
• Heat waves
• Other severe weather events impacting facilities and business continuity

Transition Risks

• Changing customer behavior
• Increased regulatory requirements
• Increased stakeholder concern

Opportunities

• Increased demand for RI/ESG products and services
• Reputational benefits
• Resource efficiency improvements

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol, TCFD (partially, by Columbia Threadneedle)

Certifications: ENERGY STAR (Ameriprise Financial Center and Client Service Center), LEED (Ameriprise Financial Center, Client Service Center, Columbia Threadneedle Boston HQ, New York City HQ), BREEAM (Columbia Threadneedle London HQ)

Sustainable Products & Innovation

• RI Sustainable Outcomes funds
• Active Sustainable Investing World Portfolios
• Third-party managed packaged solutions focused on ESG factors

Environmental Metrics

ESG Focus Areas

• Values-driven firm
• Responsible investor
• Governance
• Environmental steward
• Community impact

Environmental Achievements

• Decreased total GHG emissions by 27% from 2019-2021 (largely due to reduced business travel and energy use in offices)
• Purchased renewable energy certificates (RECs) to offset energy consumption of Minneapolis campus for the third year in a row (21,161 MWh in 2022, offsetting approximately 46% of corporate-controlled real estate)

Social Achievements

• Consistently achieved high levels of employee and advisor engagement (93% employee participation rate in 2022 survey)
• 95% of employees received development training in 2022 (estimated 12.5 training hours per employee)
• Increased U.S. employee annual gift match maximum from $1,500 to $2,000
• Ameriprise advisors, employees and clients provided more than 115 million meals and more than 378,000 volunteer hours to support Feeding America and other hunger-relief organizations nationwide since 2009
• Received an overall Community Reinvestment Act (CRA) rating of Satisfactory from the OCC for 2019-2021

Governance Achievements

• Strong tone at the top and a culture of compliance
• Robust enterprise risk management program
• Expanded clawback policy covering more executives

Climate Goals & Targets

Environmental Challenges

• Evolving regulatory landscape
• Climate change (long-term strategic risk)
• Cybersecurity threats

Mitigation Strategies

• Continually assess programs to meet evolving regulations and mitigate risks
• Manage climate-related risks and opportunities across physical footprint and within industry and global economy
• Regularly audit and enhance corporate security capabilities, assess ability to respond to cyber threats

Supply Chain Management

Responsible Procurement

• Supplier diversity initiatives

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather

Transition Risks

• Regulatory changes, market shifts

Reporting Standards

Frameworks Used: SASB, CDP, TCFD (Columbia Threadneedle)

Certifications: ENERGY STAR (Ameriprise Financial Center and Ameriprise Client Service Center), LEED (Ameriprise Financial Center and Ameriprise Client Service Center)

Third-party Assurance: LRQA (for GHG emissions data)

Awards & Recognition

• Brandon Hall Gold Award for Best Learning Program supporting DEI
• Military Friendly® Employer
• Military Spouse Friendly Employer
• Invest in Others Charitable Champion (Rise Private Wealth Management)

Environmental Metrics

ESG Focus Areas

• Values-driven firm
• Responsible investor
• Sound governance
• Environmental steward
• Community impact

Environmental Achievements

• Reduced energy consumption by installing automatic light sensors, reducing heating and cooling, upgrading to lower wattage light bulbs, and participating in a program to evaluate and implement energy efficiency projects.
• Purchased renewable energy certificates (RECs) to offset the energy consumption of our Minneapolis campus for the fourth year in a row. The purchase of 21,161 MWh of Green-E Energy certified RECs in 2023 offset the Scope 2 market-based emissions associated with our Financial Center and the Client Service Center in Minneapolis, representing almost half of all our corporate-controlled real estate.
• Reduced the carbon intensity of the corporate bond allocation within the RiverSource Life portfolio by 51% since 2018.

Social Achievements

• Consistently exceeded external benchmarks in employee engagement, high performer retention and leadership effectiveness.
• 96% of employees received development training in 2023. Delivered an average of nearly 13 training hours per employee in 2023.
• Supported a diverse group of more than 7,800 nonprofits through grants, volunteerism and global gift matching programs in 2023.
• Awarded 235 grants in 29 states and Washington, D.C. in 2023.
• More than 1.7 million clients switched to electronic delivery since 2008, saving millions of pounds of paper.

Governance Achievements

• Refreshed the Global Code of Conduct in 2023.
• Implemented a new clawback policy in compliance with new regulations.
• Maintained an MSCI ESG Rating of A in 2023.

Climate Goals & Targets

Environmental Challenges

• Managing climate-related risks across its physical footprint and within its industry and global economy.
• Evolving regulatory landscape in the U.S., Europe and other regions.
• Cybersecurity threats.

Mitigation Strategies

• Incorporates climate change as a strategic risk within its enterprise risk management (ERM) process.
• Continually assesses its programs to meet evolving regulations and mitigate risks.
• Invests in technology that strengthens its oversight and maintains strong cybersecurity capabilities.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Catastrophic weather events

Transition Risks

• Evolving consumer preferences and regulatory requirements

Reporting Standards

Frameworks Used: SASB

Certifications: ENERGY STAR, LEED

Third-party Assurance: LRQA

Awards & Recognition

• ENERGY STAR
• LEED
• Equality 100
• Military Friendly Employer