NorthStar Asset Management, Inc.

Investment management services

Boston, Massachusetts

United States

www.northstarasset.com

About Northstar Asset Management, Inc.

NorthStar began in 1990 as a public equity and fixed income manager exclusively focused on socially responsible investing. Their approach has been guided by their deeply-held belief that the financial system is broken, that people are suffering, and that they need to help their clients use their resources to effect change. As their analysis of creating change broadened, shareholder activism, community investing, community engagement, and charitable giving became essential ingredients of their active portfolio management process.

NorthStar carefully chooses public equities from each of the major industry groups. Identifying particular strengths relative to their impact on the global community, they simultaneously acknowledge the issues, problems, and challenges unique to each company. Their goal is to find the best, financially sound and socially conscious businesses with full awareness of the limitations of any public company. They then intervene at a corporate level to improve their behavior with regard to such issues as human rights, the environment, employee relations, and corporate citizenship.

Their fixed income investments fall into three categories: investment grade bonds, community loan funds, and micro or alternative lending. Ideally, they invest in a broad range of fixed-income options guided by the clients’ financial and risk constraints. They look to provide funding for a variety of projects, weighing interest rate risk, maturity, safety, and social impact.

NorthStar's goal is to engage along the whole spectrum of financial activity, from equities, to loans and loan guarantees, to supporting local businesses, to finding private alternatives, and finally through philanthropy. They help their progressive clients negotiate their financial lives in a world filled with income inequality and complicated solutions. They listen to every client’s aspirations and create a customized portfolio that reflects their vision for change.

NorthStar’s mission is to provide the most integrative approach to portfolio management available today. Wealth management begins with an analysis of the social, ecological, and political problems of our time and with deep conversations with our clients. These steps result in the construction of portfolios that integrate financial goals while upholding a commitment to social change. Becoming a B Corp enhances our value as visionaries and change-makers in a very competitive field.

The Change We Seek®

NorthStar carefully chooses public equities from each of the major industry groups. Identifying particular strengths relative to their impact on the global community, they simultaneously acknowledge the issues, problems, and challenges unique to each company. Their goal is to find the best, financially sound and socially conscious businesses with full awareness of the limitations of any public company. They then intervene at a corporate level to improve their behavior with regard to such issues as human rights, the environment, employee relations, and corporate citizenship.

Their goal is to engage along the whole spectrum of financial activity, from equities, to loans and loan guarantees, to supporting local businesses, to finding private alternatives, and finally through philanthropy.

Some of their clients are eager to make significant investments miles away from Wall Street. Local investing, social capital investing, mission investing and direct support of projects that reflect social and environmental vision are offered through NorthStar’s Outside Investments division. Investments in private companies and socially significant projects focused on such priorities as renewable energy, clean water, healthy foods, and sustainable farming, ranching and forestry.

What makes us a better company?

B Impact Report

Certified since: 

February 2016
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

10
7
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

31
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

40
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

20
17
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

12
6
Overall B Score
112
55

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

view full reports »

Miscellany: 

Press

  • NorthStar Asset Management Urges Investor Groups to Divest From Gun Manufacturers (12/5/15) Go »
  • What’s happening at Facebook’s shareholder meeting (CNBC; 6/11/15) Go »
  • Investors Protest Corporate Lawsuits Against Shareowners (SocialFunds; 3/25/14) Go »
  • Investing With Foresight (The Dartmouth: 5/23/13) Go »
  • FedEx’s Domestic-Partner Benefits: Spurred by Shareholder Activism? (Diversity, Inc: 6/1/10) Go »

Social Media