Genworth Financial Inc..
GNW.US | Life insurance
Genworth Financial, Inc. is a financial services company that provides insurance, wealth management, investment and advisory solutions. The company operates through various segments, including U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and ...Show More
Better Health for All
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Genworth's subsidiary, CareScout, conducts an annual Cost of Care Survey, which in 2024 covered over 140,000 long-term care providers across 431 regions in the US.
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This survey and related articles emphasize the importance of planning for long-term care needs, contributing to public health education and health literacy. The company's financial products, such as mortgage insurance, life insurance, and annuities, do not have direct safety implications for physical or mental health. While CareScout facilitates access to long-term care for approximately 90% of the aged 65+ census population in the US
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and evaluates providers against quality standards,
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there is insufficient evidence to quantify the net health effect of the company's entire product portfolio or its investment in health innovation. Similarly, there is no specific data on price accessibility, vulnerable reach, risk transparency, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, or mental health initiatives.
Fair Money & Economic Opportunity
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No specific, quantitative evidence was found in the provided articles to assess Genworth Financial Inc. against the defined KPIs for Fair Money & Economic Opportunity. Information regarding the percentage of underserved clients, specific pricing fairness metrics (APRs or fee multiples), revenue from high-cost products, share of loan/insurance book for inclusion initiatives, customer data accessibility, fair lending compliance findings or proactive audits, wealth building outcomes for customers, percentage of profit reinvested, reach and outcomes of financial literacy initiatives, average customer debt-to-income ratio, geographic inclusion in underserved areas, or product simplicity for core financial products was not explicitly stated or quantifiable according to the rubric's thresholds.
Fair Pay & Worker Respect
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The CEO to median employee pay ratio for Genworth Financial Inc. was 97:1 in 2024.
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Fair Trade & Ethical Sourcing
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No quantitative data or specific information regarding Genworth Financial Inc.'s fair trade and ethical sourcing practices, such as fair trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, materials risk index, or supplier diversity spend, is provided in the available articles.
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Honest & Fair Business
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No specific, quantifiable evidence was found in the provided articles to assess Genworth Financial Inc. against the defined KPIs for Honest & Fair Business. Information such as a CDP 'B (Management)' score
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is a letter grade and cannot be directly mapped to the numerical thresholds specified in the rubric for transparency index.
Kind to Animals
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Genworth Financial Inc. is a financial services company that provides insurance and wealth management solutions. Its core business model does not involve activities such as product manufacturing, animal testing, sourcing animal-derived ingredients, animal agriculture, or operations that directly impact wildlife habitats. Consequently, all KPIs related to animal welfare are not applicable to the company's operations. The provided articles confirm the absence of any data relevant to animal welfare, cruelty-free practices, or alternative testing.
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No War, No Weapons
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No evidence available to assess Genworth Financial Inc. on No War, No Weapons.
Planet-Friendly Business
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Genworth Financial has published its third annual TCFD Report.
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The company has integrated sustainability considerations into its business strategy and investment analysis.
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It also engages in both qualitative and quantitative analyses for climate risk assessment
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and is continuously enhancing its climate disclosures and reporting.
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Respect for Cultures & Communities
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No specific quantitative data was found in the provided articles to assess Genworth Financial Inc.'s performance against the 'Respect for Cultures & Communities' ethical value. The articles mention general commitments to diversity, equity, and inclusion
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, and total philanthropic giving by the Genworth Foundation
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, but lack specific metrics such as formal partnerships, percentage of revenue reinvested in local communities, cultural appropriation incidents, cultural impact assessment protocols, or cultural preservation investments.
Safe & Smart Tech
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The company experienced a significant data breach in May 2023, affecting 2.5 to 2.7 million customers and agents.
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The compromised data included Social Security numbers, names, dates of birth, addresses, and policy numbers.
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This incident stemmed from the exploitation of a critical SQL injection vulnerability in MOVEit file-transfer software used by a third-party vendor.
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The patch for this vulnerability was implemented by June 2, 2023.
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The exploitation of this vulnerability, despite rapid patching, indicates inconsistent vulnerability management, particularly concerning third-party software. Following the breach, Genworth filed a Form 8-K with the SEC
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and began notifying affected individuals by June 16, 2023.
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The incident has led to ongoing investigations by multiple regulatory bodies,
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suggesting basic compliance with major regulations but with gaps. The breach also constitutes an incident of unauthorized data use.
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No information was available for other KPIs.
Zero Waste & Sustainable Products
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No evidence available to assess Genworth Financial Inc. on Zero Waste & Sustainable Products.