Commonwealth Financial Network is deepening its commitment to environmental, social and corporate governance standards


WALTHAM, Mass .– (BUSINESS WIRE) – Commonwealth Financial Network®, a national company dedicated to providing advisor-led business solutions, publishes its first Corporate Social Responsibility (CSR) report to highlight recent achievements and outline future goals. The report follows the creation of a CSR committee that has been brought together to assess the company’s current efforts, identify new opportunities, and act as a focal point for incorporating more sustainable business practices into its operations.

The committee, made up of a diverse group of individuals from across the company, brings a range of experience implementing environmental, social and corporate governance (ESG) principles and perspectives to drive the company’s sustainability commitment. It aims to create actionable, measurable goals for internal groups to take a CSR-oriented approach to doing business. This reflects the Commonwealth’s commitment to act as stewards of the environment, as leaders of community and culture, and as a company led by reliability and integrity.

“Part of our mission has always been to make a profound difference in our world,” said Wayne Bloom, Commonwealth CEO. “This committee was created to act as a springboard for change – to improve our efforts to incorporate the principles of corporate social responsibility into our ongoing decision-making process. I am very happy to work with this committed group and to further develop this initiative. ”

The report outlines the company’s vision to reduce its carbon footprint, improve energy efficiency and reduce waste. Commonwealth has taken steps such as creating environmentally friendly office space and implementing remote audit programs, conferences and events where possible. It also focuses on its Diversity, Justice and Inclusion (DEI) efforts. Scarlett Abraham Clarke, Vice President, Chief Diversity and Inclusion Officer, has led initiatives including the launch of a DEI online hub, hosting a series of lectures, and setting up employee resource groups to promote understanding and inclusion.

As a company that supports independent financial advisers, Commonwealth also understands the importance of sustainable investment practices. In 2008 it had the foresight to begin addressing socially responsible investment (SRI) from a research perspective. This initiative led to the introduction of a dedicated suite of model portfolios on its discretionary model platform in 2010. These models currently manage more than $ 500 million in assets. *

“We recognized the growth potential in the SRI space early on,” said Peter Essele, vice president, investment management and research and a member of the CSR committee that led the company’s initial SRI research efforts. “We anticipated increasing demand and wanted to support the evolving preferences of our consultants – and their clients – for sustainable investments. Today more than 500 advisors use our SRI / ESG model portfolios, we offer a quarterly ESG reference guide with recommendations, and we have a sustainable investing newsletter to help our clients understand the impact of their investments. ”

Via Commonwealth Financial Network®

Commonwealth Financial Network, a member of FINRA / SIPC, a registered investment advisor, offers a range of business solutions that empower more than 2,000 independent financial advisors nationwide. JD Power ranks Commonwealth # 1 for Independent Adviser Satisfaction among financial investment firms eight times in a row. Privately held since 1979, the company is headquartered in Waltham, Massachusetts and San Diego, California. Learn more about Commonwealth by visiting

Commonwealth received the highest score in the JD Power Independent Advisor segment in 2010, 2012, 2013, 2014, 2018, 2019, 2020 and 2021 Financial Advisor Satisfaction Studies on client satisfaction among financial advisors. Visit

* from November 26th, 2021


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